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.
– Even as prices set new all-time highs, the latest government and industry data showed that China continued to consume the lion’s share of global gold production. - Gold and silver prices are firmly higher in early U.S. trading Friday. The two precious metals surprisingly showed very little reaction to another U.S. inflation report that came in a bit warmer than market expectations.
Commodities are known to top following major geopolitical events but don't discount gold seeing 10% moves in any direction as the market is at the highest probability of a melt-up since the 1980s, according to Jared Dillian, author of 'No Worries' and editor of The Daily Dirtnap.
- Soaring debt levels threaten to render the Federal Reserve powerless, taking away its ability to fight inflation, warned Tavi Costa, macro strategist at Crescat Capital.LME moves to close loopholes that enable traders to game latest sanctions on Russian metals – One week after catching wind of the scheme, the London Metal Exchange has announced new plans to close loopholes that allow traders and warehouse operators to game the latest series of sanctions on Russian metals. – Even as spot gold trades $100 lower than the all-time high set on April 12, the supply, demand and price distortions continue to impact local gold markets around the world.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »