Kitco News

3 weeks ago | kitco.com | Neils Christensen

(Kitco News) - The very public feud between U.S. President Donald Trump and the world’s richest man, Elon Musk, is now raising questions about the future of the Department of Government Efficiency (DOGE) and its promise to examine America’s gold holdings in Fort Knox. However, Congress does not appear to be giving up on the prospect of a potential audit. On Friday, four members of Congress introduced a bill to initiate the first comprehensive audit of America’s gold reserves in decades.

3 weeks ago | kitco.com | Neils Christensen

(Kitco News) - After years of disappointment, renewed excitement is building in the silver market as prices rise solidly above $35 an ounce, reaching their highest level in 13 years. Spot silver last traded at $35.76 an ounce and is up 8.7% so far this week—its best performance since early May—after prices bounced off initial support above $28.50 an ounce. Jim Wyckoff, Senior Market Strategist at Kitco.com, said this breakout rally has been brewing for a while and may have more upside.

3 weeks ago | kitco.com | Neils Christensen

(Kitco News) - After a slow start in the early morning hours, gold prices have pushed into positive territory as the U.S. economy continues to slow momentum, with the service sector falling into contraction territory. The Institute for Supply Management (ISM) announced on Wednesday that its Services Purchasing Managers Index dropped to 49.9% in May, compared to the previous reading of 516%. The headline number was weaker than expected, as consensus estimates were looking for an increase to 52%.

3 weeks ago | kitco.com | Anna Golubova

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1 month ago | kitco.com | Neils Christensen

Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.