Another failure at $1,800, what happened?
(Kitco News) - Gold's trading pattern got many analysts excited this week, with some even saying that hotter-than-expected inflation data was a game-changer for gold.
Gold's technical problem: 'Massive resistance' at $1,800 keeps gold price down analysts
(Kitco News) - Gold ran into "massive resistance" at the $1,800 an ounce level, triggering a $30 retreat Friday.
Indecision rules Wall Street after gold fails at $1,800 - Kitco's gold price survey
(Kitco News) - After failing at $1,800 an ounce this week, Wall Street analysts are undecided on where gold is headed next, while Main Street remains bullish, according to Kitco's weekly gold price survey.
New York Fed Empire State Survey disappoints as it comes in at 19.8
(Kitco News) - The gold market is trading near daily lows as the New York manufacturing sector sees a slower-than-expected recovery, according to the latest data from the New York Federal Reserve.
Gold price falls to daily lows as U.S. retail sales surge past expectations in September
(Kitco News) - Gold prices dropped to fresh daily lows following better-than-expected retail sales data from September.
'Cryptocurrency is not supported by anything as yet' - Putin
(Kitco News) - Russian President Vladimir Putin weighed in on crypto at the Russian Energy Week, stating that cryptocurrency "has value," but it might be "too early" to use it as an alternative means of payment to the U.S. dollar when trading energy resources.
U.S. producer price growth rises to 8.6%, gold price near daily highs
(Kitco News) - Gold was largely unchanged and trading near daily highs after the U.S. Producer Price Index (PPI) rose to 8.6% on an annual basis in September versus the expected 8.7%.
Gold price trades just below $1,800 as U.S. weekly jobless claims decline to 293,000
(Kitco News) - The initial weekly jobless claims declined 36,000 to 293,000 in the week to Saturday, beating market expectations.
Gold price remains near daily highs as Fed sees tapering beginning in mid-November
(Kitco News) - Federal Reserve minutes from the September meeting showed central bank officials looking to start reducing their bond-buying stimulus program as soon as mid-November or mid-December, with plans to wrap up in the middle of next year.
'This is a game-changer for gold': Shift in Fed's rate hike expectations take gold price towards $1,800
(Kitco News) - The new U.S. inflation data release has triggered a rollercoaster ride in gold, with the latest move taking the precious metal nearly $40 higher on the day.
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