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.prices are sharply lower in midday U.S.
The U.S. data point of the day Wednesday, if not the week, is the afternoon release of the minutes from the last FOMC meeting of the Federal Reserve. Technically, June gold futures bulls still have the solid overall near-term technical advantage. However, there is now the possibility of a bearish double-top reversal pattern forming on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at the record high of $2,454.20. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $2,350.00. First resistance is seen at $2,415.
has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another.
- Western investors appear to be finally having a positive impact on the gold market, or at the least, they are not getting in the way of higher prices, according to one market analyst.Financial market feud: Coinbase launches oil & gold futures, CME targets bitcoin spot market
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