The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
– Gold’s new record highs post-FOMC could mean better price performance to come against the euro, while silver ETF holdings are holding up even better than gold, according to precious metals strategists at Heraeus. - Gold prices are posting decent gains in midday U.S. trading Monday, supported by chart-based buying amid bullish technicals, and by friendly daily “outside market” forces that see the U.S. dollar index lower and crude oil prices higher. - The U.S.
Bitcoin can't be compared to"normal assets," says Fred Krueger, a Bitcoin investor who uses the concept of 'Power Law' to forecast Bitcoin's price levels. - After last week’s price action was led by inflation data, gold markets were once again dominated by the Federal Reserve and interest rate expectations, though traders’ feelings seemed to evolve as the days went by.
- The Federal Reserve has given the all-clear to gold after signaling it still wants to cut interest rates three times this year, even as inflation remains above the 2% target; however, some market analysts said that the precious metal could see a healthy correction next week and in the near term.
- The platinum group metals basket is under strain, but that’s due more to a decline in aggregate car sales rather than a shift toward electrification, says Matt Watson, founder of Precious Metals Commodity Management LLC., and host of Green Rush — a program that focuses on precious and critical minerals as they impact the clean energy transition.
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.
ECB’s De Cos Says First Interest Rate Cut Could Come in June(Bloomberg) -- European Central Bank Governing Council member Pablo Hernandez de Cos said he expects interest rates to be cut in June if inflation continues to moderate as anticipated.
Read more »
Lagarde Says ECB Can’t Commit to Cuts After Likely June Move(Bloomberg) -- The European Central Bank can’t commit to further reductions in borrowing costs after a likely first move in June, according to President...
Read more »
Lagarde Says ECB Can’t Commit to Cuts Beyond Likely June MoveThe European Central Bank can’t commit to further reductions in borrowing costs after a likely first move in June, according to President Christine Lagarde.
Read more »
ECB’s Schnabel Sees Turning Point as Natural Rate Shifts Higher(Bloomberg) -- The natural rate of interest may be on the rise due to long-term factors including the climate transition and shifts in geopolitics, according to European Central Bank Executive Board member Isabel Schnabel.
Read more »
ECB Is Planning to Give Investors a Glimpse of Key Wage IndicatorsThe European Central Bank is planning to routinely publish internal pay measures being used by officials to gauge inflation risks as they consider when to cut interest rates.
Read more »
ECB to Publish Internal Pay Measures as It Considers Interest Rate CutsThe European Central Bank plans to release internal pay measures used to assess inflation risks and determine interest rate cuts. The so-called wage trackers will be made openly available later this year, providing investors with more insight into pay pressures in the economy.
Read more »