NEWS BITES
Banking sector warning: Barclays sees 'second wave' of deposit outflows coming
Mar 30, 2023 04:36PM(Kitco News) - The banking crisis is likely far from over, as Barclays warned that a "second wave" of deposit outflows is coming.
From The Maven letter: 22 March 2023
Mar 30, 2023 03:37PM(Kitco News) - If you had been on vacation and not seen the news for the last month and then you returned to see this gold chart, you would know you'd missed some major things.
Risky to be out of gold now
Mar 30, 2023 03:18PM(Kitco News) - Gold is on the cusp of a major breakout from its super-bullish cup and handle pattern. The measured upside target is $3000/oz, and the log target is roughly $4000/oz.
Gold presents a pleasant performance for investors amid banking uncertainty
Mar 30, 2023 03:17PM(Kitco News) - The implosion of California-based, Silicon Valley Bank (SVB) this month sent shockwaves across the market, as lawmakers and the federal government deployed emergency measures to shore up the banking system against a backdrop of broader macroeconomic problems.
Ex-Goldman chief economist calls on BRICS to challenge USD's dominance as China leads de-dollarization trend
Mar 30, 2023 01:23PM(Kitco News) - Former Goldman Sachs chief economist Jim O'Neill is calling on the BRICS bloc to expand and challenge the dominance of the U.S. dollar. China's recent actions with the yuan are already doing just that.
First Majestic Announces Closing Sale of La Guitarra to Sierra Madre
Mar 30, 2023 10:26AM(Kitco News) -
Gold price holding solid gains, unfazed as Q4 GDP rises 2.6%
Mar 30, 2023 08:37AM(Kitco News) - The U.S. economy ended 2022 on solid footing, even if activity was slightly weaker than expected, according to final estimate of fourth-quarter Gross Domestic Produc
U.S. weekly jobless claims rise by 7k to 198,000, gold price climbs
Mar 30, 2023 08:36AM(Kitco News) - The initial weekly jobless claims rose by 7,000 to 198,000 the week to Saturday, surprising the markets with a bigger-than-expected increase.
Bitcoin Mar. 30 daily chart alert - Bulls gain power late this week
Mar 30, 2023 07:56AM(Kitco News) - April Bitcoin futures prices are higher and hit a contract high in early U.S. trading Thursday. BC bulls have the solid overall near-term technical advantage amid a price uptrend in place on the daily bar chart.
Gold price to average $2,000 in Q4 as Fed cut rates by 75bps and speculators increase exposure, says ING
Mar 29, 2023 04:50PM(Kitco News) - Gold can average $2,000 an ounce in the fourth quarter of this year as speculators increase their exposure and the Federal Reserve cuts rates, said Dutch bank ING.
The Fed 'handcuffed' by hard landing and financial instability, gold price outlook revised up by double digits - MKS PAMP
Mar 29, 2023 01:31PM(Kitco News) - The failure of Silicon Valley Bank and Signature Bank is a game-changer for gold and silver as it confirms that the Federal Reserve has broken something vital during its fastest tightening pace in decades, according to MKS PAMP's updated price forecasts.
Gold prices largely ignore 0.8% increase in U.S. pending home sales
Mar 29, 2023 10:06AM(Kitco News) - Gold prices remain in a solid uptrend above $1,950 an ounce and is not seeing any major selling pressure following an increase in consumers who started the process of buying a new home.
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