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Gold and silver move marginally lower heading into the European open Gold and silver are trading marginally lower on the last trading day of the week. The yellow metal sold off before it could make a meaningful test of the $1800/oz area. Silver is still holding on to the psychological $26/oz area. Risk sentiment was mixed overnight. The Nikkei 225 closed just over half a percent lower while the ASX (0.08%) and Shanghai Composite (0.15%) both moved slightly higher. US…

Gold and silver are mixed leading into the European open Gold is trading marginally lower heading into the European open and this comes after a 0.32% fall in yesterday's session. Silver performing slightly better trading 0.30% higher but this also comes after a drop on Monday's session. After inheriting a negative close from Wall Street bourses in the Asia Pac area are pretty mixed. The ASX (-0.68%) and Nikkei 225 (-1.97%) took a tumble but India's Nifty (0.25%) and South…

Gold and silver are flat leading into the EU open Gold and silver are both trading flat leading into the EU open this morning. Gold had a pretty impressive session yesterday rising 1.58% and pushing past the previous wave high on the daily chart. Silver also did pretty well and moved back into the middle of the long term consolidation area between $21.66/oz and $30.09oz to trade at $25.77/oz. After inheriting a positive risk tone from the U.S. bourses in…

This could push gold price to $1,800 this week Gold has a chance to break above its key resistance level of $1,750 an ounce this week. Here's what investors need to watch, according to analysts. The yellow metal had a very decent start to the second quarter, with prices up around 1% on the week. June Comex gold futures last traded at $1,746 an ounce. Earlier in the week, the precious metal was up almost $50 since last Friday as…

You can now pay with Bitcoin on PayPal and Visa -Frank Holmes on crypto's future Bitcoin is now accepted as a form of payment via both PayPal and Visa. Frank Holmes, CEO of U.S. Global Investors said that this was the result of increased adoption. "I think this adoption process is accelerating," Holmes said. "Metcalfe's law says that as adoption accelerates, you get these exponential moves in the underlying crypto."   By David Lin For Kitco News The best way…

Gold and silver are at key levels ahead of the EU open After falling another 1.56% during Tuesday's session gold is hanging on at the previous wave low support this morning near $1686/oz. Silver is trading 0.32% in the black very close to the $24.00/oz psychological area. Both chart structures look very weak but this could be a telling session as gold could make a double bottom or push to trade at its lowest level since June 2020. After inheriting…

Gold price fails attack on $1,750 as Fed's Powell hints tapering Gold shot up to a one-week high as it attempted to break the key resistance level at $1,750 an ounce after Federal Reserve Chair Jerome Powell praised economic progress and hinted at potential rollback of asset purchases. "As we make substantial further progress toward our goals, we'll gradually roll back the amount of Treasurys and mortgage-backed securities we've bought," Powell told NPR's Morning Edition in a live interview. "We…

Gold, silver, platinum and palladium are 'a form of currency' Mar 20, 2021 Guest(s): Anna Golubova Social Media Reporter A lot has happened in the gold space this week. And the tides may finally be turning for the precious metals. Here's a breakdown of the top three stories.   Start Using Gold and Silver as Currency with Kinesis David