kinesis money system

Gold, silver sell off as FOMC conclusion looms Gold and silver prices are lower in midday dealings Tuesday, losing initial gains that were seen following a U.S. inflation report that came in very close to market expectations. Position evening ahead of Wednesday afternoon’s FOMC meeting conclusion is featured. Futures traders with weak long positions were also featured sellers. A lower U.S. dollar index and higher crude oil prices did limit the downside in gold and silver today. August gold was…

Gold, silver down amid bearish outside markets; FOMC looms Gold and silver prices are lower in midday U.S. trading Monday. A trio of bearish outside markets are pressuring the precious metals today: a firmer U.S. dollar index, solidly lower crude oil prices and a rise in U.S. Treasury yields. The marketplace is a bit quieter just ahead of the U.S. central bank monetary policy meeting and key U.S. inflation reports. August gold was last down $7.80 at $1,969.30 and July…

Gold price going into Fed decision: selloff or test of $2k? With Federal Reserve rate hike expectations see-sawing on mixed macro data, most analysts call for a pause in June but are not ruling out more rate hikes this summer. Here's what it means for gold. The gold market is ending the week 0.4% higher after August Comex futures found solid support at the $1,960 an ounce level. However, analysts are less bullish on gold in the short term, citing…

Slight price rises in gold, silver as FOMC meeting looms Gold and silver prices are slightly higher in quieter U.S. trading early Friday. It appears the precious metals are pausing ahead of a busy U.S. data week next week, including inflation reports and the FOMC meeting. August gold was last up $1.60 at $1,980.20 and July silver was up $0.097 at $24.445. The marketplace is looking ahead to next week’s FOMC meeting of the Federal Reserve, which begins Tuesday and…

Gold, silver surge as USDX sinks, U.S. Treasury yields slip Gold and silver prices are sharply higher in midday U.S. trading Thursday, boosted by a solidly lower U.S. dollar index and a dip in U.S. Treasury yields on this day. August gold was last up $24.60 at $1,983.00 and July silver was up $0.796 at $24.325. The marketplace is starting to zero in on next week's FOMC meeting of the Federal Reserve. The majority of the marketplace thinks the Fed…

Gold and silver prices look vulnerable as seasonal summer weakness kicks in – DeCarley Trading's Carley Garner The gold market has shown resilience with prices holding critical support around $1,950 an ounce even as the Federal Reserve is expected to maintain a tight grip on its monetary policy; however, despite the relative buoyancy in the marketplace, one strategist said that now is not the time. In an interview with Kitco News, Carley Garner, co-founder of the brokerage firm DeCarley Trading,…

The Federal Reserve will hold its 11th FOMC meeting since they began rate-hikes The Federal Reserve will begin its Federal Open Market Committee (FOMC) meeting exactly one week from today on Tuesday, June 13th. On the morning of the 13th, the government will release its latest report on inflationary pressures vis-à-vis the CPI (Consumer Price Index). This will be the last important piece of data that Fed officials will use to make their final decisions regarding monetary policy. While their…

Gold gains as USDX slips, crude oil rallies Gold prices are modestly up and silver a bit weaker in midday U.S. trading Monday. Both markets pushed well off their early session lows when the U.S. dollar index lost its good early gains and as crude oil prices rallied. August gold was last up $6.00 at $1,975.50 and July silver was down $0.092 at $23.655. Asian and European stock markets were mixed today. U.S. stock indexes are mixed near midday. Gains…

Central banks' gold holdings drop for the first time in over a year in April, says World Gold Council Global central bank gold holdings fell for the first time in more than a year in April, as Turkey sold over 80 tonnes of gold, the World Gold Council (WGC) said in a report. Total central bank gold reserves dropped by 71 tonnes in April. The last time central bank gold holdings declined was in March 2022, and the net drop…