Banking crisis keeping gold above $1900 into Fed week
(Kitco commentary) - After hearing rumors of a "soft landing from the Federal Reserve for the past year, an old-fashioned bank run has raised the odds considerably of the outcome from its aggressive rate-hike program ushering in a much harder one.
The gold sector attempts to reverse the PDAC curse
(Kitco commentary) - Earlier this week, I attended the annual Prospectors & Developers Association of Canada (PDAC) conference in Toronto. It is the premier destination for mining companies to mingle with suppliers, customers, potential investors, consultants, and analysts.
Gold Holds Key $1800 Support as Recession Fears Mount
(Kitco commentary) - Gold Futures opened 2023 at $1825, then reached a year-to-date high of $1975 on February 2 after the first Federal Reserve meeting of the year.
Miner merger Mondays return heading into conference season
(Kitco commentary) - As expected in this space last week, the announcement of gold mining behemoth Newmont Golds (NEM) attempt to acquire Newcrest Mining Ltd. (NCMGY), the 6th largest bullion miner, has spurned more miner M&A for a second consecutive Monday.
More mega-miner M&A during a healthy gold correction
(Kitco commentary) - With Gold Futures in the process of consolidating a 3-month $355 move higher that began with a $50 downside reversal on February 2nd, the worlds largest gold miner announced its intention to become even bigger on Sunday evening.
Central bank rate hikes whipsaw gold traders
(Kitco commentary) - The gold price began the week with a technically bullish monthly close near $1950 on Tuesday.
Gold consolidating gains above $1900 into Fed week
(Kitco commentary) - The gold price is up over $100 in the first month of 2023, its best start to the year since 2012. After a false breakout to the downside during the final quarter of 2022, gold has zoomed $332 an ounce from its November low at $1618.
Junior gold stocks are poised to outperform in 2023
(Kitco commentary) - With the rally in gold prices over the past two months having defied analyst expectations for continued weakness, precious metals remain under-owned and out of favor despite their strong relative and absolute performance into 2023.
Global swapping of dollars for gold has $2000 per oz in view
(Kitco commentary) - On Thursday, Gold Futures breached $1900 per ounce for the first time in eight months after growth in U.S. consumer prices and inflation slowed as forecast in December, aiding the Federal Reserves goal of continuing with smaller rate hikes in 2023.
Gold continues to climb a wall of worry into 2023
(Kitco commentary) - After two years of consolidating huge gains made during the early stages of the pandemic in 2020, the gold price comes into the new year climbing another wall of worry.
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