Gold is so unloved it is becoming immune to Fed’s oversized rate hikes – MKS’ Shiels

Gold is so unloved it is becoming immune to Fed’s oversized rate hikes – MKS’ Shiels

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The gold market shows relative strength in the face of rising interest rates and a US dollar that continues to … Read more

Gold price jumps as Fed’s Powell talks chance of recession and restrictive rates

Gold price jumps as Fed’s Powell talks chance of recession and restrictive rates

(Kitco News) Gold erased its initial Fed-induced losses, jumping more than 1% on the day. Prices reacted to Federal Reserve Chair Jerome Powell’s comments on recession and peak rates following a third consecutive 75-basis-point hike Wednesday. December Comex gold futures neared $1,700 an ounce as prices jumped more than $20 on the day, last trading … Read more

Gold sees post-FOMC relief rally, safe-haven demand on Russia worries

Gold sees post-FOMC relief rally, safe-haven demand on Russia worries

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold prices are solidly higher in afternoon US trading Wednesday, after hitting a nearly 2.5-year low earlier in the afternoon. … Read more

Gold price will ‘collapse’ today if the Fed makes this crucial decision – Adrian Day’s FOMC preview

Gold price will ‘collapse’ today if the Fed makes this crucial decision – Adrian Day’s FOMC preview

The Federal Reserve is likely to raise the Federal Funds Rate by no more than 75 basis points at this week’s Federal Open Market Committee (FOMC) meeting, despite the markets having priced in a higher chance of a 100 basis point increase following last week’s Consumer Price Index (CPI) report, according to Adrian Day, President … Read more

What to expect from the September FOMC Meeting, and how might gold respond

What to expect from the September FOMC Meeting, and how might gold respond

The Federal Reserve will conclude its September FOMC meeting and release a written statement at 2 PM EDT tomorrow. This will be followed by Chairman Powell’s press conference a half-hour later. It is widely anticipated that the Federal Reserve will raise the “Fed funds rate” by 75 basis points. The CME’s FedWatch tool is forecasting … Read more

Gold price stacking up losses ahead of key Fed rate decision, analysts warn of $1,600 level

Gold price stacking up losses ahead of key Fed rate decision, analysts warn of ,600 level

(Kitco News) Precious metals are caving under the strength of the US dollar and rising Treasury yields ahead of the critical interest rate decision by the Federal Reserve. Some analysts fear the $1,600 an ounce level is in the cards as the Fed looks to remain hawkish despite some worrying economic signs. “Thirteen central banks … Read more

Gold analyst calls for this critical price level; gold stays suppressed as strong dollar ‘weighs’ down price – David Erfle

Gold analyst calls for this critical price level;  gold stays suppressed as strong dollar ‘weighs’ down price – David Erfle

(Kitco News) – As gold falls below its support of $1,675, David Erfle, Founder of JuniorMinerJunky,com, said that a strong dollar is weighing down the precious metal. Gold and the US dollar often move in opposing directions. “The dollar has been the biggest weigher on the price of gold,” he explained. “And of course, the … Read more

‘Fed sledgehammer’ will cause a crash worse than 2008 but Bitcoin, Ethereum will hit new all-time highs by 2025

‘Fed sledgehammer’ will cause a crash worse than 2008 but Bitcoin, Ethereum will hit new all-time highs by 2025

(Kitco News) – The ‘Fed sledgehammer’ of rising interest rates will cause a market crash worse than 2008, but Bitcoin and Ethereum will recover to all-time highs, said Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence. “I think it’s going to be worse than the 2008 correction, worse than the Great Financial Crisis,” said McGlone. … Read more

Gold is ‘undervalued’ and could see ‘aggressive move to the upside,’ despite Fed rate hikes – Luke Alexander

Gold is ‘undervalued’ and could see ‘aggressive move to the upside,’ despite Fed rate hikes – Luke Alexander

(Kitco News) – Fed rate hikes have put downward pressure on the gold price, but gold will eventually break out aggressively, said Luke Alexander, CEO and President of Newcore Gold (TSX-V: NCAU), a Vancouver-based gold miner. Gold’s price fell by 8.6 percent over the year, despite US inflation peaking at 9.1 percent in June. Alexander … Read more

Gold market could be in trouble; bearish sentiment is rising as prices test critical support around $1,675

Gold market could be in trouble;  bearish sentiment is rising as prices test critical support around ,675

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The gold market could be in trouble as prices test critical support levels after falling to their lowest level in … Read more