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Neils Christensen

Editor

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Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_c

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Latest Archive

Gold is well-positioned for when the Fed breaks something

Friday September 22, 2023 05:56PM

(Kitco News) - The gold market may not be able to break out of its neutral trading channel around $1,950 just yet, but it is well positioned to benefit when sentiment turns, which could be sooner than some are expecting.

Economic risks supporting gold in neutral territory around $1,950

Friday September 22, 2023 04:20PM

(Kitco News) - Federal Reserve chair Jerome Powell maintained his hawkish bias this week, saying that interest rates will have to remain in restrictive territory for the foreseeable future; however, the gold market remains firmly in neutral territory as uncertainty supports the precious metal.

Gold prices holding steady as flash U.S. PMI shows mixed health in manufacturing, service sectors

Friday September 22, 2023 09:57AM

(Kitco News) - The gold market remains caught in relatively neutral territory as activity in the U.S. service sector weighs on the economy according to preliminary report from S&P Global

Gold investment potential remains healthy despite Fed's hawkish stance - State Street's Milling-Stanley

Thursday September 21, 2023 04:05PM

(Kitco News) - Although the gold market is suffering from a lack of momentum, the precious metal's investment potential remains healthy, with plenty of potential to grow, according to one market strategist.

European Uranium miner ETF sees AUM surpass $100 million one year after launch

Thursday September 21, 2023 12:50PM

(Kitco News) - European investment demand for uranium has reached a significant milestone, and is seeing unprecedented growth as the world continues to transition to cleaner energy.

Gold prices remain under pressure even as U.S. existing home sales drop 0.7% in August

Thursday September 21, 2023 10:10AM

(Kitco News) - The selling pressure in gold has not abated even as the U.S. housing sector continues to weaken following disappointing home sales data.

Gold prices fall to session lows as U.S. weekly jobless claims fall to March lows

Thursday September 21, 2023 08:45AM

(Kitco News) - Gold prices are trading at session lows, as tighter labor market conditions has added to the significant selling pressure.

Gold shining against Swiss franc and British pound as both central banks leave rates unchanged

Thursday September 21, 2023 08:21AM

(Kitco News) - It appears that global monetary policy tightening has peaked as both the Swiss National Bank and the Bank of England announced that they would leave interest rates unchanged on Thursday.

Gold prices holding around $1,950 as Powell remains hawkish, but markets see no more rate hikes

Wednesday September 20, 2023 05:15PM

(Kitco News) - The gold market has given back some of Wednesday's gains and prices are testing initial support around $1,950 an ounce after Federal Reserve Chair Jerome Powell said the Federal Reserve is prepared to hold interest rates at an elevated level for longer than expected to get inflation back down to its 2% level.

Gold prices holding Wednesday's gains as the Federal Reserve leaves interest rates unchanged

Wednesday September 20, 2023 02:09PM

(Kitco News) - The gold market is holding its ground and solid gains above $1,950 an ounce as the Federal Reserve leaves interest rates unchanged but signals that it will maintain its tightening stance through the rest of the year.