kinesismoneysystem

Gold and silver push higher ahead of the European open Gold (0.19%) and silver (0.46%) have pushed higher ahead of the European open. Gold continues to trade around $1800/oz, while silver hovers at $22.50/oz. In the rest of the commodities complex, spot WTI is 0.60% higher and copper is trading flat. In equities markets, Amazon and Snapchat performed well in the aftermarket sending risk sentiment positive. The Nikkei 225 closed 0.73% in the black and the ASX pushed 0.60% higher.…

Gold, silver see modest gains as bulls regaining momentum Gold and silver futures prices are higher and nearer daily highs in midday U.S. trading Wednesday, on continued short covering and perceived bargain buying. A slumping U.S. dollar index and crude oil prices hitting seven-year highs earlier this week remain bullish outside market forces for the metals markets. April gold futures were last up $7.40 at $1,808.80 and March Comex silver was last up $0.08 at $22.675 an ounce. The U.S.…

Biggest gold price losses to hit market in mid-2022, here's why Gold prices could be looking at sideways price action for the rest of the year. The biggest test comes in mid-2022 when inflation begins to stabilize and markets absorb higher interest rates, according to DailyFX.com senior strategist Christopher Vecchio. After a quick rally above $1,850 an ounce, gold could already be running out of steam, Vecchio told Kitco News, pointing to a move in the U.S. Treasury yields. "I…

Gold is 'prime candidate' to rally as stocks reverse in 2022 – Bloomberg Intelligence The sentiment in the gold market has reached its "maximum disdain," which means that gold is primed for a reversal and could be ready to rally past $1,900 an ounce, according to Bloomberg Intelligence. As the Federal Reserve gears up to raise rates and reduce liquidity, the precious metal is a potential top performer this year, said Bloomberg Intelligence senior commodity strategist Mike McGlone. And after…

Why did gold price just plunge $70? As markets digested all of the Federal Reserve's hawkish signals, gold tumbled $70 from its two-month highs. Here's a look at Kitco's top three stories of the week: 3. Fed's Powell says inflation 'is slightly worse' than in December, signals March rate hike. 2. The International Monetary Fund cut its global growth outlook for 2022 to 4.4%. The U.S. and China saw the most significant downward revisions. 1. Goldman Sachs is long gold.…

J.P.Morgan sees gold price unable to withstand the Fed; falling to pre-pandemic levels in 2022 The gold market will not be able to withstand the Federal Reserve's plan to tighten its monetary policy in 2022, according to commodity analysts at J.P. Morgan Global Research. In its recently published 2022 outlook report, the bank expects gold prices to fall to pre-pandemic levels by the end of next year. "An unwinding in ultra-accommodative central bank policy will be most outright bearish for…

Expect silver price to fall in 2022, but gold to rally, here's why – Jeff Christian 2022 will see silver and gold prices diverge once again, with silver falling by 2% while gold climbs in value, said Jeff Christian, managing partner of CPM Group. “We think that gold prices will probably be flat or slightly higher, maybe 2% higher on an annual average basis next year, and silver prices might be 2% lower on an annual average basis next year.…

Tide will turn for gold price in 2022 as real yields remain low despite Fed rate hikes Many gold investors will be happy to put 2021 in their rearview mirrors as the precious metal has lagged what has been a red hot commodity market for most of the year. Despite a positive price environment of historically negative real interest rates, the gold market has suffered from lackluster demand as investors focused on the Federal Reserve tightening interest rates, which started…

Gold and silver setting up to go lower Gold and silver can’t seem to gain any footing as they struggle in the current consolidation pattern. The battle between the bulls and the bears at the 1760-1800 level in Gold and 2180-2240 Silver has the appearance that the bears are going to take control once again. The metals look ready for a meltdown. It would be no surprise to see gold trade at $1700, silver at $21 and platinum at $900.…

Gold shines as inflation hits 39-year high It is incredible how fast a year can fly by. Once again, the Kitco News team is getting ready to launch its annual Outlook Series to help gold investors navigate what are expected to be turbulent financial markets in 2022. Kitco News’s Outlook feature will be launched on Monday. We are already compiling stories to give you the best information available. Not to give you any spoiler alerts, but so far, the general…