Utility stocks set for surge, Tesla faces challenges - Ed Butowsky
(Kitco News) - Today’s markets are unpredictable, but according to Ed Butowsky, Managing Partner at Chapwood Investments, getting away from the tech and high-growth stocks might be your best bet. During an interview with Jeremy Szafron, Anchor at Kitco News.
Gold sees price boost after tamer U.S. inflation data
(Kitco News) - Gold and silver prices are higher in early U.S. trading Thursday, with gold hitting a three-week high, in the wake of an important U.S. inflation report that came in just a bit cooler than expected. Recent U.S. inflation data had come in warmer than expected. Today’s personal income and spending report falls into the camp of the U.S. monetary policy doves, who want to see the Federal Reserve cut interest rates sooner rather than later.
Gold prices testing resistance at $2,050 as US weekly jobless claims rise to 215K
(Kitco News) - The gold market is seeing some renewed momentum as the U.S. labor market continues to weaken as American workers applied for first-time unemployment benefits after a faster pace than expected last week.Thursday, the U.S. Labor Department said that weekly jobless claims increased by 13,000 to 215,000 during the week ending Feb. 24, up from the previous week's revised estimate of 201,000 claims.The number was higher than the consensus forecast, as economists were expecting to see jobless claims hold relatively steady at around 209,000.
Gold prices push to session highs as U.S. Core PCE rises 0.4% in January
(Kitco News) - The gold market has pushed to session highs and is within striking distance of $2,050 an ounce as the Federal Reserve’s preferred inflation gauge shows consumer prices rising in line with expectations.Thursday, The U.S. Department of Commerce said its core Personal Consumption Expenditures price index increased 0.4% last month, compared to December’s increase of 0.1%.
Gold market analysis for February 29 - key intra-day price entry levels for active traders
(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Gold market's widest divide spells new opportunities- Ross Beaty
(Kitco News) - The gold market is currently navigating through uncharted waters, presenting a phenomenon that even industry veteran and mining magnate Ross Beaty finds unparalleled.
Global central banks accelerate gold acquisitions amid dollar diversification strategy - Bob Minter
(Kitco News) - Central banks around the world are accelerating their gold purchases, a move that Bob Minter, Director of Investment Strategy at Aberdeen Standard Investments, believes is a strategic pivot away from the US dollar amid geopolitical tensions.