GOLD OUTLOOK
Gold needs weak economic data as a catalyst to push prices higher next week
Aug 25, 2023 04:10PM(Kitco News) - The gold market maintains its resilience in the face of significant headwinds; however, precious metals are in desperate need of a catalyst to push prices out of their current downtrend, according to some analysts.
A dovish Powell could provide some relief next week for gold prices stuck at five-month lows
Aug 18, 2023 07:00PM(Kitco News) - Growing worries that the Federal Reserve, in its bid to fight inflation, will keep interest rates aggressively elevated longer than expected is taking a significant toll on gold as prices end the week near a five-month low.
Fed to err on the side of too many rate hikes: Why is gold at $1,800?
Jul 1, 2022 12:05PM(Kitco News) - Markets are anticipating the Federal Reserve to err on the side of tightening, with Chair Jerome Powell admitting this week that the real mistake would be failing to get inflation under control.
Gold has a path to $1,900 if it can break above $1,830 next week, analysts.
Sep 3, 2021 06:00PM(Kitco News) - The gold market is holding near session highs but is seeing little reaction as momentum in the service sector falls relatively in line with expectations.
Gold has the 'green light' as inflation heats up analysts look for break above $1,850
May 14, 2021 05:38PM(Kitco News) - Analysts are still watching gold's $1,850 level closely as inflation pressures start to heat. Still, the uncertain economic outlook forces the Federal Reserve to remain patient and maintain its ultra-loose monetary policies.
The latest from Kitco News Outlook 2021 - Bracing for inflation
Jan 1, 2021 02:33PM(Kitco News) - The latest from Kitco News Outlook 2021 - Bracing for inflation
Gold price is ready to bounce but dollar strength still a downside risk
Sep 11, 2020 02:11PM(Kitco News) - Resilient strength in the gold market, as prices bounce off critical support, is creating some optimism that the precious metal is ready to break its chains and push higher next week.
Gold price is on a path to $1,700 but volatility will be high - analysts
Mar 6, 2020 02:19PM(Kitco News) - The Federal Reserve surprised markets earlier in the week with an emergency 50-basis-point interest rate cut. This, in turn, has helped the gold market see its best weekly performance in 11 years.
Gold market on edge; will Iran retaliate against U.S.?
Jan 3, 2020 12:09PM(Kitco News) - Gold traders will be watching next week to see whether U.S.-Iran tensions continue to escalate.
Traders waiting to see if gold can hold $1,500 if the fed disappoints
Sep 13, 2019 03:30PM(Kitco News) - Next week, market participants will be keeping a close eye on $1,500 as the first line of defense gold prices have to hold in the near term, according to some analysts.
Gold Prices Holding Their Ground As Markets Continue Rate Cut Debate - Analysts
Jul 19, 2019 02:05PM(Kitco News) - The Federal Reserves monetary policy statement is 10 days away and the debate has continued to rage regarding whether the central bank will cut interest rates by 50 or 25 basis points, and according to some analysts, gold is one of the winners as chaos dominates market sentiment.
Analysts Warning: Dont Expect Much From Gold Next Week
Jul 12, 2019 02:58PM(Kitco News) - Next week will be a test of endurance for gold bulls, as they wait to see if prices can hold above $1,400 an ounce in what is expected to be a relatively quiet week.
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