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Gold and silver are trading flat leading into the European open Gold and silver are trading flat leading into the European open. The yellow metal trades at $1887/oz while silver hovers around $27.70/oz. In the rest of the commodities complex, copper (-0.30%) and WTI (-0.30%) are both lower while palladium (0.30%) is the only precious metal to trade higher. The indices in the Asia Pac area bucked the negative handover from Wall Street. The Nikkei (0.34%), ASX (0.44%) and Shanghai…

Gold is hovering at $1890/oz leading into the European open Gold is trading flat heading into the European session. The yellow metal is hovering at around $1890/oz and silver has moved -0.12% lower to trade at $27.57/oz. Copper has once again had a tough session falling -0.62% while spot WTI trades 0.43% in the black past $70/bbl. Indices were mixed overnight as the Shanghai Composite traded 0.16% higher and the Nikkei 225 (-0.35%) and ASX (-0.31%) both lost ground. European…

Gold flirts with $1900/oz ahead of the European open Gold is flat this morning heading into the European open while live is trading marginally lower. After yesterday's 0.47% rise the yellow metal is now flirting with $1900/oz again this morning while silver is yet to break $28/oz. In the rest of the commodities markets copper (-0.45%) and spot WTI (-0.69%) both trade in the red. After a mixed close in the U.S., it was much of the same in the…

Gold slips on firm dollar as focus shifts to U.S. inflation data * Medium to longer term outlook for gold positive- analysts (Recasts, adds comments, updates prices) June 7 (Reuters) – Gold retreated on Monday as the U.S. dollar firmed slightly, with investors' focus switching to U.S. inflation readings later this week that might give some clue to how long the Federal Reserve will hold off from tapering monetary support. The dollar index strengthened 0.1%, making gold more expensive for…

Gold price makes a comeback – Russia ditches U.S. dollar, gold stocks best buy since 1980s After dropping more than $40, gold is making a comeback following another disappointing jobs report out of the U.S. Here's a look at Kitco's top three stories of the week: 1. Bitcoin is a substitute for copper, not gold – Goldman's top commodity analyst Cryptocurrencies are risk-on assets, which is why they are more closely aligned to commodities like copper and oil. "There is…

Gold, silver dinged by heavy profit taking; Friday's trade now key Gold and silver prices are sharply lower in midday U.S. trading Thursday, on heavy profit-taking pressure and weak long liquidation in the futures markets. Gold prices hit a two-week low today and silver prices a three-week low. Strong gains in the U.S. dollar index today played a part in the metals markets’ sell off. Bulls can still argue today’s price action was normal corrective pullbacks in existing price uptrends…

Gold and silver move lower leading into the European session Gold and silver have both moved lower overnight heading into the European session. Gold is trading half a percent lower at $1898.39/oz while silver has lost -0.88% to trade at $27.87/oz. Copper has also fallen -0.30% and spot WTI is the only major commodity to hold its head above water to trade 0.63% in the black. Risk sentiment overnight was pretty decent as the Nikkei 225 (0.39%) and ASX (0.59%)…

Gold price to hit $4,000 in 3 years, real inflation is at 12 % – Frank Holmes Inflation is rising out of control and investors should hold cryptocurrencies, gold and real estate to protect their wealth, said Frank Holmes, CEO and CIO of U.S. Global Investors, and executive chairman of Hive Blockchain Technologies. In an interview with Kitco News' Editor-in-Chief Michelle Makori, Holmes, whose firm manages more than $4 billion in assets under management, said that inflation is significantly understated.…

Gold and silver edge higher leading into the European open Gold and silver are trading higher after both mtals had a good Asian session. The yellow metal is 0.20% up trading at $1906/oz while silver trades at $27.94/oz. In the rest of the commodities complex, copper has moved 0.14% in the black along with spot WTI which trades 0.27% higher. The risk sentiment was pretty poor as the Nikkei 225 fell -0.99% and the ASX dropped -0.25% but the Shanghai…

Gold's big strides and its ultimate $10K price target Gold is making some big strides, rising above $1,900 an ounce for the first time since January. And gold bulls now want to see the $2,000 an ounce gold price target happen. Some of the main triggers behind the move are a weaker U.S. dollar and crypto volatility. Here's a look at Kitco's top three stories: 3. Central banks’ interest in gold is heating up. The International Monetary Fund data show…