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Both gold and copper have had two months of stellar performance With extremely different fundamental events influencing both gold, a precious metal, and copper, an industrial metal, both metals in terms of percentage gains had absolutely stellar performances over the last two trading months. In an odd way, the core root behind the massive upside moves in both copper and gold are a byproduct of the same event. The massive recession and economic contraction, which began in March 2020 led…

Golds gains over $100 this month With only one more trading day in the month of May, gold futures have precariously clung just below $1900 per ounce. Today gold futures basis the most active June 2021 contract traded to a high of $1906.50 and a low of $1890.80. With the first notice day occurring tomorrow there will be many who are long June gold either exiting the trade and taking profits, or rolling over to the next most active month…

Gold breaks above $1900, before breaking back below $1900 after NYC close Yesterday gold futures closed at $1899.90 after trading to an intraday high above $1901. As trading resumed in Australia, it seemed that gold prices were trying to form a base above that elusive key psychological level. The high in trading last night took gold futures basis the most active June 2021 contract to $1913.30. However, those gains would be short-lived as the market moved back below $1900 as…

Gold surges past $1900 in trading Yesterday Forces and events which have taken gold to higher pricing since the end of March are still dominantly in play. The two primary forces are dollar weakness and data indicating an uptick in inflation. These two factors greatly affect Treasury yields, and in turn, lower Treasury yields increase the bullish sentiment in gold. Recently the U.S. Labor Department showed that the consumer price index jumped to 4.2% in April. It is up 2.6%…

What's next for gold price after 'game-changing' week? This week was a "game-changer" for gold as prices climbed towards the $1,900 an ounce level while the rest of the markets saw chaotic trading, according to analysts. After a massive selloff in the crypto space, gold's appeal is back on the radar for many investors, including new institutional money, OANDA senior market analyst Edward Moya told Kitco News. "This was one of those weeks that was a game-changer for many traders.…

Bitcoin price loss is gold's gain and that is good for junior explorers too – David Erfle Once again, the gold market has regained its luster as investors moved back into the precious metal and out of volatile cryptocurrencies. With gold price ending the week above $1,850 an ounce, junior explorers should start to see price movements, according to David Erfle, founder of juniorminerjunky.com. This week on Kitco Roundtable, Erfle said that the slow start to the year for the…

Gold and silver are trading higher leading into the European open Both gold and silver are trading higher leading into the European open. The yellow metal is 0.19% up trading at $1873.90/oz while silver has pushed 0.25% higher to trade at $27.78/oz. In the rest of the commodities complex, copper is 0.82% higher and spot WTI is trading just over half a percent in the black. Decent manufacturing numbers so far but the U.K. shines brightest The manufacturing PMI's across…