Gold is stuck, but silver may have room to run as investors wait for the Fed

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 78%

Canada Headlines News

Canada Latest News,Canada Headlines

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

He noted that inflation, while it has come down from its June 2022 highs, still remains well above the 2% target; at the same time, the U.S. economy continues to see full employment levels, with the unemployment rate hovering below 4%. Although investors will be focused on the Consumer Price Index data next week, markets will receive a full docket of economic reports, including retail sales, regional manufacturing data, and housing construction numbers.has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

- The most dramatic moves in the gold market were made early this week, as spot prices kicked off Sunday night trading above $2,041 per ounce before falling to their weekly low of $2,016 by 9 am EST Monday morning.

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in CA

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.

Fed Holds Rate Steady and Inches Closer to Cutting in FutureThe Federal Reserve has decided to keep interest rates steady for now, but has hinted at the possibility of cutting rates in the future. This decision comes as artificial intelligence becomes a key factor for chip stocks, which are looking to extend their record highs. The Bank of England may also signal when rates can be cut in the near future. In other news, Amer Sports, the maker of Arc'teryx, has received $1.3 billion in an IPO that fell below expectations. Oil prices have experienced their biggest loss in three weeks due to robust US crude output. Additionally, a former Macquarie Banker has been chosen to lead a new $10 billion fund in Australia. Lastly, Milei has received approval from the IMF for a $4 billion project.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Gold Prices Weaken as Central Bank Comments Dampen Safe Haven DemandGold prices started the week strong due to safe haven demand and market sentiment, but weakened as central bank comments and lack of geopolitical energy boosts affected investor appetite.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Investors yearn for insight into the Fed's upcoming monetary pivotThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

USD gold market hides a massive shift: Global demand is now price-insensitiveThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Modest price pressure on gold, silver in quieter marketplaceThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Fed’s Bowman Says It’s Still Too Soon to Consider Lowering RatesFederal Reserve Governor Michelle Bowman believes it is premature to consider lowering interest rates. Emerging-market stocks outperform Chinese peers. Bank of America reduces CEO Moynihan's pay. Stock markets reach new highs despite big-tech trade splintering. Financial advisors' qualification requirements are insufficient. 'Loud budgeting' trend emerges on TikTok. Experts warn of regulatory gaps in 'buy now, pay later' trend. Tips provided for a prosperous new year in 2024. Changes to CPP deductions starting in 2024. Refreshing finances for 2024 involves taking stock and making overhauls. Canada's proposed share buyback tax explained. GIC becomes a game changer in investment portfolios. Homebuyers in Canada unwilling to wait for interest rates to decrease. Regional-bank tumult results in a net gain of $1.
Source: BNNBloomberg - 🏆 83. / 50 Read more »