Kitco News

1 week ago | kitco.com | Neils Christensen

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1 week ago | kitco.com | Anna Golubova

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2 weeks ago | kitco.com | Neils Christensen

(Kitco News) - Gold prices have pushed back above $3,300 an ounce and could continue to find support at what has become an important psychological level, as inflation pressures were muted last month. The Core Personal Consumption Expenditures (PCE) index—which excludes volatile food and energy prices and is the Federal Reserve’s preferred inflation gauge—was unchanged in March, following February’s 0.4% increase, the U.S. Department of Commerce reported Wednesday.

2 weeks ago | kitco.com | Neils Christensen

(Kitco News) - Easing economic fears in the global marketplace continue to affect safe-haven demand for precious metals, but one research firm says the shifting sentiment could provide new momentum for silver. While gold has seen an unprecedented rally this year with prices reaching an all-time record high of $3,500 an ounce last week, silver has lagged significantly behind. The gold-silver ratio is currently holding at an elevated level of around 100 points.

3 weeks ago | kitco.com | Neils Christensen

(Kitco News) - After a significant rally Tuesday evening, the gold market has cooled considerably heading into the weekend, as market volatility subsides and renewed interest emerges in the U.S. dollar and bond yields. However, while gold is seeing some profit-taking—and what some analysts have described as a much-needed consolidation—many do not expect this week’s top to represent the high for the year. After a strong start to the week, gold is poised to end Friday with a sharp decline.