Gold & silver gain traction as inflation dominates market sentiment
Gold and silver futures are trading higher as market participants continue to react to multiple events. As of 3:03 PM EST gold futures basis the December contract is currently up $8.60 or 0.49% and fixed at $1748.90. The December contract will soon move to the first notice day with the most actively traded contract month moving to February 2023 which is currently fixed at $1763.60 after factoring in today's gain of $8.30.
Concern regarding China's economy based on their Covid restrictions diminished today resulting in a strong rally in Chinese equities last night. Tomorrow Chairman Powell will deliver a speech sponsored by the Brookings Institution in Washington. Typically, the chairman would focus on the labor market at this venue however, he is expected to clarify the Federal Reserve's upcoming rate hikes. It is hoped that his statements will reduce the consumer angst from recent hawkish statements made by multiple Federal Reserve officials. Last week James Bullard President of the St.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold SWOT: UBS identifies three structural reasons in favor of goldCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Gold stocks & gold: a bullish divergenceKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Kitco News Live Interactive Series And EventsJoin us LIVE on DEC 9 at 1pm ET as we talk to GarethSoloway for his take on what investors can expect in the crypto and equity markets, the macroeconomy and his key price support and resistance levels for BTC and ETH in 2023! 👈 davidlin_TV ITMS
Read more »
Investors focus on China and Fed comments which pressured gold lowerExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Read more »
Crypto SWOT: Cathie Wood has scooped up 1.3 million shares of Coinbase this month.Commentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Santa warming up the sleigh for a rally?Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »