Gold price testing support following mixed flash PMI data
(Kitco News) - The gold market is struggling to attract new bullish momentum and is trying to hold support around $1,800 an ounce followed mixed sentiment in the U.S. manufacturing and service sectors.
Silver's price weakness is exaggerated - Metals Focus
(Kitco News) - The silver market faces some short-term headwinds as focus on the potential for tighter monetary policy; however, the precious metal's drop to a three-month low below $25 an ounce has exaggerated the market's weakness, according to one research firm.
Gold price can't catch a break even as ECB signals lower interest rates for longer
(Kitco News) - The gold market continues to struggle to attract new bullish momentum with dovish comments from Christine Lagarde, President of the European Central Bank, having little impact on the precious metal.
Gold price holding $1,800 an ounce as U.S. weekly jobless claims rise by 51K
(Kitco News) - The gold market continues to hold important support above $1,800 an ounce but continues to see little movement to disappointing economic data as more Americans than expected apply for first-time unemployment.
Freeport-McMoRan sees 22% increase in copper sales, 66% increase in gold sales in Q2
(Kitco News) - An increase in production and higher copper and gold prices helped one of the world's largest copper producers beat earning expectations for the second quarter.
Where is gold headed next week? Vote now!
(Kitco News) -
Hold on to your gold; a Fed rate hike in 2023 could be too little too late for inflation - VanEck's Joe Foster
(Kitco News) - The gold market continues to struggle as investors focus on the potential for tighter monetary policy and transitory higher inflation pressures.
Silver price bounces off support below $25; weakness is overdone - Commerzbank
(Kitco News) - Growing fears that a new wave of the COVID-19 virus will disrupt the global economic recovery is weighing on silver prices, but one bank says that the weak price action is overdone.
Copper could fall another 14% and end the year at $8,000 - Capital Economics
(Kitco News) - Copper's robust rally to record highs in the first half of the year could present the high water market for the base metal as its fundamental supply picture starts to balance out, according one research firm.
The 60/40 portfolio allocation is done, it's now 70/20/5 - WisdomTree
(Kitco News) - While the current inflation threat is expected to be transitory, investors need to get comfortable with higher price pressure and need to adjust the traditional 60/40 portfolio allocation and include real assets like gold, according to one fixed income strategist.
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