Gold appears unstoppable as it hits record highs above $2,250, capping off a solid month and quarter
(Kitco News) - The gold market continues to be an unstoppable juggernaut as it closes out the month and quarter near a record high, solidly above $2,200 an ounce.Analysts note that gold’s performance on Thursday, which wraps up a shortened trading week ahead of the Easter long weekend, is even more impressive when compared to the U.S. dollar Index, which is trading near a six-week high above 104 points.
Latest News
Gold prices holding firm as U.S. pending home sales rise 1.6% in February
(Kitco News) - The U.S. housing market shows further signs of stabilization as potential home buyers creep back into the market, according to the latest report from the National Association of Realtors (NAR).Thursday, the NAR said its pending home sales index rose 1.6% in February, following a 1.6% increase in January. The Index now sits at 75.6.However, compared to last year, the number of contracts signed is down 7%, the report said.
Video News
Now Trending
Off The Wire
Russia confirms deal to buy part of Alrosa’s output
Russia will regularly buy diamonds from sanctions-hit producer Alrosa through a state fund, the finance ministry said on Thursday, a move that suggests Western restrictions on Russia’s diamond exports may be having some impact.The EU and Group of Seven (G7) countries agreed to ban direct imports of Russian diamonds to their markets as of Jan. 1, before phasing in a full ban on Russian-origin stones via third countries from March 1 because of Moscow’s actions in Ukraine.