commodities

Wall Street undecided on gold’s near-term trajectory, Main Street flirts with bearish bias after gold hits $4,200/oz ceiling teaser image
Gold

Wall Street undecided on gold’s near-term trajectory, Main Street flirts with bearish bias after gold hits $4,200/oz ceiling

(Kitco News) – Gold prices staged a late-week recovery after coming under heavy pressure from hotter-than-expected U.S. inflation data, rising Treasury yields, and a firmer dollar, as falling bond yields and reduced expectations for an October Federal Reserve rate hike helped the precious metal recover much of its losses.
Gold

China buys the gold dip as ETF holdings hit record and holiday demand lifts Q4 outlook – WGC

(Kitco News) – China’s central bank added 23 tonnes of gold to its reserves last month, while the country’s gold ETFs saw healthy inflows in September to cap a strong quarter, and the recent holidays and festivals saw demand for gold jewelry, bars and coins rise as prices moderated, according to Ray Jia, research head for China at the World Gold Council (WGC).
Bitcoin

Bitcoin is starting to behave more like gold as investors seek alternative hedges – Block Scholes

(Kitco News) - Gold has managed to push back above $4,100 an ounce, but the precious metal continues to face significant headwinds from persistent inflation fears, which are driving hawkish monetary policies around the world.
Gold

Gold owners ‘got tricked’ in 1933, Mario Innecco says, and bullion banks are still trying to keep gold ‘under control’

(Kitco News) - Inflation hit 3.7% and gold fell as much as $80. The former London bond broker, who bought his first gold in 2002, says the 40-year bond bull market is over and savers will pay for it.
Gold, silver rebound as Treasury yields tumble despite hot PPI - Kitco AM Report teaser image
Gold

Gold, silver rebound as Treasury yields tumble despite hot PPI - Kitco AM Report

(Kitco NewsWire) – Spot gold and silver prices are solidly higher in early U.S. trading Thursday, rebounding from Wednesday's sharp losses as falling Treasury yields, a weaker U.S. dollar and renewed safe-haven demand outweighed another upside U.S. inflation surprise.
Gold holding its ground as U.S. labor market remains steady teaser image
Gold

Gold holding its ground as U.S. labor market remains steady

(Kitco News) - Although persistent inflation remains a dominant force in the economy, its effects on the labor market remain muted, as the number of American workers applying for first-time unemployment benefits remains stable.Initial claims for state unemployment benefits came in at a seasonally adjusted 199,000 for the week ending October 10, the Labor Department announced Thursday. The number was in line with consensus estimates. The previous week’s figure was revised down to 198,000.
Gold price hits $4,154/oz after retail sales rise 0.8% in September teaser image
Economy

Gold price hits $4,154/oz after retail sales rise 0.8% in September

(Kitco News) - The gold market is trading near session highs after the latest data showed American consumers’ spending rising more than expected last month.U.S. retail sales rose 0.8% in September following a revised reading of 1.3% in August, the U.S. Commerce Department announced on Thursday. The data was better than expectations, as the consensus of economists projected a 0.3% increase in September’s headline number. 
Gold price near session high after Philly Fed survey falls to 20.9 in October teaser image
Economy

Gold price near session high after Philly Fed survey falls to 20.9 in October

(Kitco News) – Gold prices are trading near session highs on Thursday morning after the Philadelphia Federal Reserve's manufacturing sector survey declined beyond expectations this month.The regional central bank said its manufacturing business outlook for October came in at 20.9 after a reading of 37.8 in September. The data was far worse than expected, as economists were looking for a reading of 28.4 this month.
Spot gold near highs after New York manufacturing index rises to 25.5 teaser image
Economy

Spot gold near highs after New York manufacturing index rises to 25.5

(Kitco News) - Gold prices were trading near session highs after manufacturing activity in the New York region rose further into expansionary territory this month, though price pressures and the outlook worsened, according to the latest data published by the New York Federal Reserve.
Gold holding overnight gains above $4,100 even as US PPI rises 6.3% in September teaser image
Gold

Gold holding overnight gains above $4,100 even as US PPI rises 6.3% in September

(Kitco News) - After a solid overnight rally, rising inflation fears are limiting gold’s recovery Thursday, as higher producer prices show that the growing threat is unlikely to abate anytime soon.
Gold falls below $4,100, silver plunges 6% as hot CPI boosts Fed-hike bets - Kitco PM Report teaser image
Gold

Gold falls below $4,100, silver plunges 6% as hot CPI boosts Fed-hike bets - Kitco PM Report

(Kitco NewsWire) - Gold and silver prices were sharply lower in late U.S. trading Wednesday, as hotter-than-expected U.S. consumer inflation lifted Treasury yields, strengthened the dollar and increased expectations for further Federal Reserve tightening.
Gold's weakness is a buying opportunity as Jefferies sees $5,000 price in 2027, healthy mining margins teaser image
Gold

Gold's weakness is a buying opportunity as Jefferies sees $5,000 price in 2027, healthy mining margins

(Kitco News) - Gold prices continue to struggle in the face of persistent inflation pressures and growing expectations for higher interest rates; however, one bank continues to see short-term weakness as a buying opportunity and expects higher gold prices to continue to support the mining sector.