'Wall Street's favorite trade': Gold price at $2k on banking turmoil fears, hopes of Fed pause
(Kitco News) - The gold market is attracting new buyers, pushing prices to $2,000 an ounce Thursday on fears of further banking turmoil and hopes of the Federal Reserve pausing.
Russia reveals its gold stash after it adds 1 million ounces
(Kitco News) - Russia bought one million ounces (28 tonnes) of gold after its invasion of Ukraine.
Gold price near daily highs as demand for new homes cools in the U.S.
(Kitco News) - Gold was trading near its daily highs as the U.S. new home sales surprised on the downside in February, rising less than expected. The prior month's advance was also revised lower.
Gold price jumps as Fed's Powell explains latest change in Fed speak
(Kitco News) - With the banking crisis hitting the markets, the Federal Reserve's monetary policy might have less work to do, according to U.S. central bank Chair Jerome, who leaned dovish during his press conference, sending gold prices higher.
Moody's: Metals and mining outlook upgraded from "negative" to "stable"
(Kitco News) - Moody's Investors Service upgraded its Metals & Mining outlook from "negative" to "stable" for the next 12 months, citing China's reopening and improved conditions in the U.S. and Europe.
Spain approves $43 million to expand its gold coin options amid surging demand
(Kitco News) - The Spanish government approved up to 40 million euros (USD $43 million) in its new budget for minting high-quality gold coins following a surge in demand.
Safe-haven demand is 'fleeting,' but gold's response to real yields is not, says Standard Chartered
(Kitco News) - As the gold market sees another volatile session, Standard Chartered says while the safe-haven demand can be "fleeting," the precious metal's response to real yields is not.
Gold digests Yellen's take on banking turmoil, gears up for Powell's comments
(Kitco News) - The gold market retreated to the mid-$1,950s as banking fears eased and investors focused on Wednesday's Federal Reserve monetary policy meeting.
'Original fear of missing out': Gold price explodes and could test $2k after best week in 3 years - analysts
(Kitco News) - The gold market surged as prices saw their best week in three years amidst the fallout of the banking sector. Analysts are not ruling out a test of the $2,000 an ounce level next week as markets look past the Federal Reserve monetary policy meeting scheduled for Wednesday.
'Clash coming': Worst-case scenario for gold in this supercycle is to double, Wells Fargo is watching $3,000
(Kitco News) - Despite a looming recession, commodities are in a supercycle, and gold stands to outperform, according to Wells Fargo. The worst-case scenario for the precious metal is double in price.
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