The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
- The current pullback in gold prices is very temporary, as the Federal Reserve will deliver multiple rate cuts which will propel gold prices to $3,000 in the next 12 months, according to Max Layton, Global Head of Citigroup Commodities Research.Gold price off its lows but faces uphill battle as U.S. durable goods orders rise 0.7% in April
Bitcoin and Ether prices were in consolidation mode in early trading on Friday after the surprise spot ETH ETF approval by the SEC reignited bull market sentiment in the ecosystem.A survey conducted by the Fed in October found that only 7% of Americans reported buying or holding crypto in 2023, and only 1% used it to make a purchase or payment.
- Nickel prices took a steep dive early this year due to oversupply, but the market should come back, said Rick Rule, president and CEO of Rule Investment Media and former head of Sprott.
The U.S. House of Representatives voted to prevent the Federal Reserve from issuing a digital dollar, setting the stage for a contentious battle in the Senate.Bitcoin dips below $68k as interest rate fears rise, Ether spikes on ETF hopes
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