kinesismoneysystem

Gold pops to 4-week high on friendlier charts, weaker USDX Gold prices are moderately up and hit a four-week high in midday U.S. trading Tuesday. The yellow metal was boosted by technical buying, a weaker U.S. dollar index and even by some light safe-haven demand. October gold futures were last up $9.20 at $1,803.60. September Comex silver futures were last down $0.119 at $20.495 an ounce. Traders are awaiting two key U.S. inflation reports that are on deck. Wednesday comes…

Gold, silver boosted by falling USDX, U.S. bond yields, rising oil Gold and silver prices are higher, with silver sharply up and hitting a five-week high in midday U.S. trading Monday. The precious metals were boosted today by a weaker U.S. dollar index and falling U.S. Treasury bond yields, as well as a rally in the crude oil market today. Some modest safe-haven demand was also featured in gold and silver. October gold futures were last up $12.70 at $1,793.00.…

Heavy price pressure on gold, silver after strong U.S. jobs data Gold and silver prices are are solidly lower in early U.S. trading Friday, in the wake of a surprisingly strong U.S. employment report that may force the Federal Reserve to become even more aggressive in its monetary policy tightening. The U.S. dollar index and U.S. Treasury yields jumped on the jobs news, which in turn helped push gold and silver prices down. October gold futures were last down $21.70…

Gold, silver pressured at mid-week by higher USDX, bond yields, lower oil Gold and silver prices are lower at midday Wednesday. Rising U.S. Treasury yields, a firmer U.S. dollar index and lower crude oil prices at mid-week are squelching buying interest in the precious metals. An up-tick in trader/investor risk appetite today is also bearish for the safe-haven metals. October gold futures were last down $14.50 at $1,765.30. September Comex silver futures were last down $0.234 at $19.905 an ounce.…

Gold gets slight safe-haven bid as risk aversion up-ticks Gold prices are modestly up in midday U.S. trading Tuesday and hit a nearly four-week high earlier, as some safe-haven demand is featured amid keener risk aversion in the marketplace today. October gold futures were last up $4.80 at $1,782.60. September Comex silver futures were last down $0.152 at $20.215 an ounce. U.S.-China tensions are on the rise today as U.S. House Speaker Nancy Pelosi landed in and visited Taiwan Tuesday…

How long the recession will last and how it will affect gold and silver With the US Economy probably shrinking for the second consecutive quarter, the United States likely is now in a recession. CPM Group's Jeffrey Christian looks at some of the previous recessions to discuss how long this one may last, CPM Group's Economic Outlook, and what effect this all may have on Gold, Silver, Platinum, and Palladium. By CPM Group Contributing to kitco.com Time to buy Gold…

Silver surges 7.45%, gold gains 2.07%, and precious metals participants rejoice While gold and silver traders are not dancing in the streets, they are quietly rejoicing. Their assumptions, knowledge, and expectations that both gold and silver have been oversold and undervalued were greatly rewarded today. Goods and service prices continue to become more costly and the fact that the Federal Reserve's four consecutive rate hikes have made only a fractional difference in "core" inflation is a strong confirmation that the…

Gold stages a relief rally after the Fed announces a 3/4% rate hike As anticipated the Federal Reserve concluded the July FOMC meeting with an announcement that they will raise rates by 75 basis points or 3/4%. While this was overwhelmingly expected as opposed to a larger 1% rate hike, there were subtle changes in the statement as well as comments made by Chairman Powell during the press conference. A change in the Chairman's tone In essence, for the first…

Gold prices remain under pressure as U.S. consumer confidence falls to 95.7 Gold prices are struggling to push into positive territory as pessimism grows among U.S. consumers, further raising fears of a potential recession. American consumer confidence index fell to 95.7 down from June's reading of 98.7, the U.S. Conference Board reported Tuesday. Economists were expecting to see the index at 97.3. According to economists the sharp drop in consumer sentiment could have a major impact on consumption and weigh…

Gold prices start the week down despite weak USD, silver prices down 2% Gold investors appear hesitant to jump into the precious metal even as the U.S. dollar starts the week on a soft note. According to some analysts, the Federal Reserve's impending monetary policy decision this week has pushed many investors and traders to the sidelines. According to the CME FedWatch Tool, markets see a more than 77% chance of a 75-basis point move. Although the prospect of a…