kinesismoneysystem

Gold pricing consolidates above the 200-day moving average As of 4:55 PM EDT gold futures basis, the most active August 2022 contract is fixed at $1854.40 which is a net gain of $10.70 or 0.58%. In fact, over the last 13 trading days, gold prices have remained and closed above a key technical study that indicates whether or not a stock or commodity is in a long-term bullish or bearish trend; the 200-day moving average. Currently, this key indicator is…

Gold loses early gains as greenback, U.S. Treasury yields push higher Gold prices are modestly down in midday U.S. trading Monday, while silver is holding mild gains. Both metals lost altitude in morning trading as the U.S. dollar index rallied to its daily high, while U.S. Treasury yields resumed their upward advance. The yield on the 10-year U.S. Treasury note is now fetching 3.02%. August gold futures were last down $4.70 at $1,845.50. July Comex silver futures were last up…

Russia's Gold Standard a "Pipe Dream"; Why a Gold Standard Is Not Happening – Jeff Christian and Gary Wagner According to Jeff Christian and Gary Wagner, Russia did not return to a gold standard after the Ukraine war. And even if they had, a gold standard won't work. Jeff Christian is the Managing Director of CPM Group, while Gary Wagner is the Editor of TheGoldForecast.com. They spoke with David Lin, Anchor and Producer at Kitco News. Monetary Policy and Gold…

What's next for gold price after May's U.S. employment surprise? Despite an impressive two-day rally, gold is ending the week flat after the upbeat U.S. May employment report managed to keep the doom and gloom projections about the economy's future at bay. The gold market hit new daily lows Friday as markets digested U.S. nonfarm payrolls rising 390,000 versus the expected 328,000. "The May jobs report is showing moderation in economic momentum. However, the sharp declines anticipated by the market…

A strong jobs report supports continued monetary tightening by the Federal Reserve A Bloomberg survey of economists indicated that the medium estimate for jobs added in May would show that approximately 318,000 new jobs were added. Additionally, the survey also predicted that the unemployment rate would fall to 3.5%. A Wall Street Journal survey of economists forecasted that employers would add 328,000 jobs in May. The survey also anticipated that the unemployment rate would fall to 3.5%. Both surveys underestimated…

Gold pricing -The dollar gives value and the dollar takes it away Unquestionably dollar strength or weakness plays an extremely critical role in day-to-day price changes of gold. Intrinsically dollar strength or weakness has an exact correlation to price changes in gold. That is because in North America gold prices are paired against the U.S. dollar. Market sentiment that defines whether traders and investors are bidding gold prices higher or lower is always only partially responsible for gold’s net price…

Gold declines almost 1%, flirting with the 200-day Tuesday May 31, 2022 18:06 Today's price decline results in the second consecutive month of lower prices. On a technical basis, the fact that gold tested and briefly dipped below its 200-day moving average brings up a realistic probability that the long-term market sentiment for gold is neutral to bearish. As of 4:30 PM, ET. August gold is trading near its low today of $1837.60, and the 200-day moving average is currently…

Gold prices stuck in no-mans land holding support at $1,850 on quiet U.S. holiday Gold prices have dropped from their overnight highs but continue to hold support above $1,850 an ounce; Commodity analysts note that the market generally lacks conviction in any direction as U.S. markets are closed for the Memorial Day long weekend. Spot gold prices are trading in neutral territory Monday morning, last trading around $1,856 an ounce. Analysts note that the precious metal is trading in the…

If gold is not the best inflation hedge, then what is? Nancy Davis Gold and oil are not ideal investments for those seeking inflation hedging, according to Nancy Davis, Founder and Managing Partner of Quadratic Capital Management. Davis spoke with David Lin, Anchor and Producer at Kitco News.   Stock and Bond Market Davis commented on the recent stock market selloffs. She attributed the fall in prices to companies facing higher costs. “This is a little bit of a wakeup…