commodities

Gold's post-Fed selloff may be missing the bigger picture, says former Lehman analyst teaser image
Gold

Gold's post-Fed selloff may be missing the bigger picture, says former Lehman analyst

(Kitco News) - Gold prices have tumbled after Federal Reserve Chairman Kevin Warsh delivered what many investors interpreted as a hawkish debut, but at least one market strategist argues the precious metal's longer-term outlook remains intact.
Gold

Gold, silver sink as dollar tests yearly highs following hawkish Fed - Kitco PM Report

(Kitco NewsWire) - Spot gold prices are lower and spot silver prices are sharply weaker after the close Thursday, as the U.S. dollar tested yearly highs and traders continued to reprice the Federal Reserve’s higher-for-longer signal after Wednesday’s policy meeting.
Gold

Hawkish Fed could push gold prices back to $4,000 next week

(Kitco News) - After gold held critical support at $4,000 and gapped higher at the start of the week, fortunes have once again shifted in the gold market as prices look to end the shortened trading week back where they were last Friday.
Gold

Gold, silver fall as hawkish Fed pressure lingers - Kitco AM Report

(Kitco NewsWire) - Spot gold prices are lower and spot silver prices are sharply weaker in early U.S. trading Thursday, as markets continued to digest a hawkish Federal Reserve hold, higher front-end rate expectations and lower oil prices tied to U.S.-Iran de-escalation.
Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June teaser image
Gold

Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June

(Kitco News) - The gold market continues to face solid selling pressure as the Federal Reserve Bank of Philadelphia reported a strong rebound in its manufacturing sector.
Spot gold at $4,250/oz after U.S. weekly jobless claims dip to 226k teaser image
Economy

Spot gold at $4,250/oz after U.S. weekly jobless claims dip to 226k

(Kitco News) - Gold prices coming off their recent lows on Thursday morning following the release of steady labor market data after the number of Americans filing new claims for unemployment benefits were in line with economists’ forecasts.
Gold faces global monetary policy tightening as BOE vote shows growing support for rate hike teaser image
Gold

Gold faces global monetary policy tightening as BOE vote shows growing support for rate hike

(Kitco News) - The gold market continues to struggle to attract any significant buying momentum as global monetary policy continues to shift toward higher interest rates.This new tightening cycle was led by the European Central Bank, which increased interest rates by 25 basis points last week amid rising inflation pressures. This week, the Federal Reserve signaled support for at least one rate hike before the end of the year in its updated economic projections, and the Bank of England is also joining the hawkish trend.
Warsh’s focus on price stability sends gold prices lower teaser image
Gold

Warsh’s focus on price stability sends gold prices lower

(Kitco News) - The gold market is trying to find its footing after the Federal Reserve left interest rates unchanged but signaled a hawkish tilt, showing support for at least one potential rate hike by the end of the year.
Gold's bull market has room to run as inflation risks, fiscal deficits support prices - Wells Fargo teaser image
Gold

Gold's bull market has room to run as inflation risks, fiscal deficits support prices - Wells Fargo

(Kitco News) - The gold market continues to regain lost ground, and although the precious metal isn’t out of danger just yet, current prices still represent an attractive entry point for investors looking to build a position, according to Wells Fargo.
In Warsh's first Fed meeting, a unanimous hold hides a split committee and a debated rate cut, DiMartino Booth says teaser image
Gold

In Warsh's first Fed meeting, a unanimous hold hides a split committee and a debated rate cut, DiMartino Booth says

(Kitco News) - The Federal Reserve held interest rates steady Wednesday in Kevin Warsh's first meeting as chair, but its newly released projections exposed a committee sharply divided over whether to raise rates this year - and revealed that policymakers debated a rate cut before settling on a hold.