Joseph Wagner

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Joseph Wagner

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Gold and Silver Markets Navigate Dollar Strength and Historical Price Levels

The precious metals markets experienced a notable correction on Wednesday as gold futures retreated from near-record levels amid renewed strength in the U.S. dollar. December gold futures declined $28.40, or 0.75%, to settle at $3,768.50—a closing price that remains within striking distance of Tuesday's record high of $3,796.90, representing a gap of less than $30.

Gold Futures Rally Continues, Hitting New Record High and Closing Price

Gold demonstrated sustained bullish momentum on Tuesday, with gold futures extending their winning streak to three consecutive sessions. The December gold contract settled at $3,796.90, marking a gain of $15.70 or 0.42% for the session. The precious metal's rally has been particularly impressive, with futures climbing $119 or 3.24% over the three-day period, underscoring robust investor demand.

Sep 23, 2025 - 7:59 PM

Gold Surges Amid Rate Cut Expectations as Silver Reaches Multi-Year Highs

Gold concluded the trading week with a solid 1.12% gain, extending its impressive streak to four consecutive weekly advances. This sustained momentum has delivered substantial returns for investors, with precious metals posting cumulative gains of 8.82%—equivalent to $298 per ounce—over the past month alone.

Sep 12, 2025 - 6:25 PM

August Inflation Data Signals Economic Crossroads Ahead of Fed Decision

The latest Consumer Price Index data has delivered a mixed message to financial markets, with inflation rising to 2.9% year-over-year in August—a figure that met economist expectations while highlighting the persistent challenges facing monetary policymakers. This uptick from July's 2.7% reading represents nearly a full percentage point above the Federal Reserve's target rate of 2%, underscoring the ongoing struggle to achieve price stability in an economy grappling with the effects of recent trade policies.

Sep 11, 2025 - 6:38 PM

Gold Markets Surge on Rate Cut Expectations and Geopolitical Tensions

Gold markets experienced a significant rally following the release of Producer Price Index (PPI) data, with Comex futures climbing $16.60 to establish a new record closing price of $3,680. This surge reflects growing market confidence in more aggressive Federal Reserve monetary policy accommodation, as traders increasingly position for potential rate cuts amid cooling inflationary pressures.

Sep 11, 2025 - 8:21 AM

Gold Futures Within Striking Distance of $3,700 per Troy Ounce

Gold's recent performance has been nothing short of extraordinary. The December 2025 gold futures contract has posted gains in eight of the last nine trading sessions, with the most recent decline occurring on Monday, August 25. Since Tuesday, August 26—when gold opened at $3,410.80, prices have surged to $3,677.60 as of 5:15 PM ET on Monday, September 8, representing a remarkable gain of $266.80 per ounce.

Sep 08, 2025 - 7:13 PM

Dollar weakness remains primary driver of gold prices

(Kitco Commentary) - The precious metals market has experienced a period of muted volatility over the past two trading sessions, with gold futures posting modest gains of approximately 0.41% from yesterday's opening price.

Aug 13, 2025 - 6:26 PM

Gold rallies following July CPI data as rate cut expectations surge

(Kitco Commentary) - Gold futures staged a modest recovery on Tuesday, snapping a two-day losing streak as investors digested mixed signals from the July Consumer Price Index report and recalibrated their expectations for Federal Reserve monetary policy.

Aug 12, 2025 - 6:14 PM

Gold falls upon tariff clarification - "gold will not be tariffed"

(Kitco Commentary) - Gold markets experienced significant turbulence on Monday as President Donald Trump's clarification on precious metals tariffs sent prices tumbling toward $3,350 per ounce.

Aug 12, 2025 - 6:07 PM

Gold Volatility Surges Amid Swiss Tariff Uncertainty

Gold markets experienced extraordinary volatility this week as traders grappled with confusion surrounding the precious metal's exemption status under newly implemented reciprocal tariffs targeting Switzerland, one of America's largest gold trading partners. The uncertainty underscores the complex intersection of trade policy and commodity markets in an increasingly fragmented global trading environment.Market Turbulence Reflects Policy Confusion

Aug 08, 2025 - 7:48 PM

Reports of a new tariff on bullion sends gold soaring

According to The Financial Times, “The US slapped tariffs on imports of one-kilo gold bars.” According to the bombshell article published at approximately 4:30 PM ET, this information came in the form of a ruling letter dated July 31 from the US customs Border Protection agency reportedly received by a Swiss refinery following a formal request for clarification on what types of gold products if any would be exempt from tariffs.

Aug 07, 2025 - 8:09 PM

Dollar weakness fails to boost gold while equities rise

The S&P 500 advanced 0.73% to close at 6,345.06, driven primarily by Apple's 5% surge following confirmation of a $100 billion domestic manufacturing investment commitment. This brings Apple's total U.S. investment pledge to $600 billion over four years. The Nasdaq outperformed with a 1.21% gain to 21,169.42, while the Dow lagged, adding just 81 points (0.18%) to close at 44,193.12.

Aug 07, 2025 - 7:26 AM

Precious Metals Rally as Economic Weakness Fuels Fed Cut Expectations

The latest economic indicators paint a concerning picture of the U.S. economy's trajectory, with the Institute for Supply Management's purchasing managers index delivering a disappointing performance that has reverberated across financial markets. The services sector PMI declined 0.7 percentage points to 50.1 in July, falling well short of the consensus forecast of 51.5 and marking a significant retreat from June's 50.8 reading.

Aug 05, 2025 - 7:08 PM

Gold losses ground against dollar headwinds

(Kitco Commentary) - Gold's performance in July 2025 has presented investors with a complex narrative of short-term recovery amid longer-term technical concerns.

Jul 31, 2025 - 5:50 PM

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