commodities

Gold slips below $4,600 as yields, dollar firm after PCE - Kitco PM Report teaser image
Gold

Gold slips below $4,600 as yields, dollar firm after PCE - Kitco PM Report

(Kitco NewsWire) - Spot gold and silver prices are lower in late-afternoon U.S. trading Wednesday, after hotter-than-expected PCE inflation lifted Treasury yields, firmed the U.S. dollar and forced profit-taking across precious metals ahead of Nvidia earnings and Friday’s Jackson Hole speech.
Gold

Gold is having its best month since 1999. A former banker told me most people still aren't protected

(Kitco News) - Five up weeks. On pace for the best month since 1999. And at around $4,650, gold is still nowhere near the record it set in late January.
Gold

Gold edges higher as yields fall, silver slips on profit-taking - Kitco PM Report

(Kitco NewsWire) - Spot gold prices were slightly higher and spot silver prices were weaker in late U.S. trading Tuesday, as lower Treasury yields and softer U.S. economic data supported gold while profit-taking weighed on silver after its recent advance.
Gold

Natixis raises gold price target to $5,000 as U.S. debt and bond market fears mount

(Kitco News) - After a months-long correction, gold prices appear to be back on the path to $5,000 an ounce, according to one market analyst.
Gold remains a strategic hedge from underpriced inflation and policy risks - Société Générale teaser image
Gold

Gold remains a strategic hedge from underpriced inflation and policy risks - Société Générale

(Kitco News) - Renewed investor interest is providing new support for gold above $4,600 an ounce, and according to Société Générale, the precious metal will continue to play an important role in a diversified portfolio.
Gold price remains under pressure as U.S. new home sales fall 10.5% in July teaser image
Gold

Gold price remains under pressure as U.S. new home sales fall 10.5% in July

(Kitco News) - The gold market continues to see modest selling pressure, the result of some profit-taking after testing resistance at $4,700 an ounce overnight; however, according to some analysts, the precious metal remains well supported as an important safe-haven asset as the U.S. housing sector continues to struggle.
Gold sees profit taking even as US consumer confidence drops 89.4 teaser image
Gold

Gold sees profit taking even as US consumer confidence drops 89.4

(Kitco News) - The gold market continues to face modest selling pressure even as consumer confidence in the U.S. falls to its lowest level since the start of the year.
Gold slips from three-month high as Treasury buybacks, Iran risk frame trade - Kitco AM Report teaser image
Gold

Gold slips from three-month high as Treasury buybacks, Iran risk frame trade - Kitco AM Report

(Kitco NewsWire) - Spot gold prices are modestly lower, while spot silver prices are seeing a deeper struggle in early U.S. trading on Tuesday, as a firmer U.S. dollar prompted some profit-taking after gold briefly approached the $4,700-an-ounce area overnight.
Gold rises, silver slips as fiscal-risk trade holds - Kitco PM Report teaser image
Gold

Gold rises, silver slips as fiscal-risk trade holds - Kitco PM Report

(Kitco NewsWire) - Spot gold  prices are higher and spot silver prices are slightly lower in late-afternoon U.S. trading Monday, as gold’s fiscal-risk bid held even as silver saw profit-taking after last week’s breakout.