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Ernest Hoffman

Ernest Hoffman

Crypto/Market Reporter

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Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in Journalism from Concordia University. You can reach Ernest at 1-514-670-1339.

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Analysts expect gold to kick off Q4 with gains, while retail investors are evenly split

(Kitco News) - Gold prices underwent a dramatic selloff this week, continuing and accelerating the downtrend that began after the Federal Reserve left interest rates unchanged on the 20th and reiterated that rates would remain higher for longer than previously anticipated.

Chinese gold prices fall to 2020 levels, eliminating record spot premium

(Kitco News) - Gold prices in China fell to three-year lows on Friday following the government's decision to allow more imports of the precious metal, according to reports.

Commodity supercycle just getting started, could last another 8-15 years - Bull and Bust Report's DeHaemer

(Kitco News) - Gold, uranium, oil, and other commodities are dramatically increasing in value even as the U.S. dollar strengthens, signifying the potential start of a new commodities supercycle, according to Christian DeHaemer, founder of the Bull and Bust Report and editor at Energy and Capital.

Gold near session lows as U.S. final Q2 GDP shows drop in consumer spending

(Kitco News) - Gold prices are trading near session lows this morning after the latest data showed the U.S. economy grew in line with expectations, while consumers curtailed their spending more than expected.

Customers stock up on gold bars at Costco

(Kitco News) - Costco, the warehouse-style retailer famous for its unlimited samples, cheap hotdogs and bulk quantities, has added another everyday essential for their members-only customer base: bars of pure gold bullion.

China's gold buying spree could reset fundamental price assumptions

(Kitco News) - Sky-high demand for gold from both China's central bank and its citizenry might not be a short-term trend, but may actually be resetting the fundamental price assumptions of the precious metal, according to a number of analysts and market participants.

Gold and silver bulls shouldn't expect major gains in the near term - Heraeus

(Kitco News) - Gold prices will continue to be held back by the Fed's higher-for-longer policy stance, while silver supplies appear capable of meeting even upwardly revised solar demand, according to the latest precious metals report from Heraeus.

Gold remains near session lows as U.S. new home sales fall far more than expected in August

(Kitco News) - Gold continued to trade near session lows on Tuesday morning after the latest data showed the U.S. housing market declined sharply in August as far fewer consumers than expected bought new homes.

SBF could walk on campaign finance violations, FTX may even be liable - CREW's Stuart McPhail

(Kitco News) - The highly anticipated criminal trial of Sam Bankman-Fried begins in two weeks, on October 3. And while much of the media coverage in the runup to the court proceedings has been devoted to the massive sums the former FTX CEO spent on luxurious condo/office complexes, beachfront properties, shady startups, and other extravagances, tens of millions of dollars were also funneled into the political campaigns of dozens of Senators, members of Congress, even the President.

Analysts lean bullish to neutral, retail investors see gains for gold in the final week of Q3

(Kitco News) - Gold prices continued to trade in their well-established channel this week as markets saw the Federal Reserve leave rates unchanged on Wednesday, signaling that at least one more hike was likely in 2023 and that rates would need to remain higher for longer than previously anticipated.