Gold tests $4,450 as Philly Fed, jobless claims firm rate risk - Kitco AM Report teaser image
Gold tests $4,450 as Philly Fed, jobless claims firm rate risk - Kitco AM Report
(Kitco NewsWire) - Spot gold prices are lower and spot silver prices are firmer in early U.S. trading Thursday, as stronger-than-expected U.S. labor and regional manufacturing data trimmed part of Wednesday’s Treasury-led precious-metals rally.
Spot gold bounces to $4,470/oz after Philly Fed survey rises to 47.4 in August teaser image
Spot gold bounces to $4,470/oz after Philly Fed survey rises to 47.4 in August
Gold approaches session low $4,450/oz after U.S. weekly jobless claims fall to 206k teaser image
Gold approaches session low $4,450/oz after U.S. weekly jobless claims fall to 206k
Gold price jumps 4% past $4,500 as Treasury buys back its own long-term debt teaser image
Gold price jumps 4% past $4,500 as Treasury buys back its own long-term debt

Wells Fargo reiterates positive outlook for precious metals, still sees gold at $4,900 in 2026 teaser imageWells Fargo reiterates positive outlook for precious metals, still sees gold at $4,900 in 2026
(Kitco News) – Gold prices are getting a boost from falling rate hike expectations, but Asian investors and central banks never abandoned the yellow metal, and prices will gain an additional 11% between now and year-end, according to strategists at Wells Fargo Investment Institute.

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