News
Gold holds near $4, 330 as oil pares Iran-Israel risk premium - Kitco PM Report
1+ hour, 53+ min ago (175+ words) The U. S. macro backdrop remains a headwind for non-yielding metals. Total nonfarm payrolls increased by 172, 000 in May, while the unemployment rate was unchanged at 4. 3%, with job gains in leisure and hospitality, local government and health care. The stronger labor print left…...
Gold stalls at $4, 500 as bears push back, but broader trend remains intact
5+ hour, 47+ min ago (306+ words) (Kitco Commentary) - The short-term battle for $4, 500 has resolved in favor of the bears. Bulls made a run at the upper resistance line of the parallel channel, but the failure to break through opened the door for sellers to step in…...
Gold erases losses despite strong US jobs data as ceasefire hopes emerge
6+ hour, 27+ min ago (368+ words) June 8 (Reuters) - Gold "steadied on Monday as prospects for a potential Israel-Iran ceasefire helped the metal rebound from session lows, though strong U. S. jobs data boosted expectations of a Federal Reserve rate hike and limited the upside. Spot gold "was steady…...
Canadian dollar falls as speculators raise bearish bets to highest this year
3+ hour, 32+ min ago (257+ words) TORONTO, June 8 (Reuters) - The Canadian dollar weakened to a "two-month low against its U. S. counterpart on Monday, as investors awaited a Bank of Canada policy decision this week and after recent data showed speculators increasing their bearish bets on the "currency....
Gold gets no boost from geopolitical conflict, Russia makes outsized precious metals output claims for 2026 " Heraeus
11+ hour, 29+ min ago (284+ words) (Kitco News) " Gold prices are not seeing any safe-haven bid as a result of the latest round of conflict in the Middle East, while several key metrics show investor interest in silver is waning, according to precious metals analysts at…...
Gold holds near $4, 330 as Hormuz volatility meets firmer dollar - Kitco AM Report
12+ hour, 45+ min ago (290+ words) (Kitco News Wire) - Spot gold prices are near steady and spot silver prices are higher in early U. S. trading Monday, as oil pulled back from overnight highs, U. S. equity futures recovered and traders looked ahead to Wednesday's May inflation report. At the…...
S&P 500, Nasdaq futures climb as chip stocks stabilize
10+ hour, 44+ min ago (487+ words) June 8 (Reuters) - S&P 500 and Nasdaq futures climbed on Monday, as chip "stocks steadied after plunging to over two-week lows, though renewed strikes in the Middle East kept investors largely at bay. Shares of Nvidia (NVDA. O), Broadcom (AVGO. O), and Micron…...
Gold hits more than two-month low as strong US jobs data boosts rate-hike bets
10+ hour, 48+ min ago (351+ words) June 8 (Reuters) - Gold prices hit a "more than two-month low on Monday after last week's strong U. S. jobs data boosted expectations of a Federal Reserve rate hike, and as Israel and Iran traded strikes, pushing oil prices higher "and fuelling inflation…...
Gold and silver tumble after hot jobs print lifts dollar, Treasury yields - Kitco PM Report
3+ day, 1+ hour ago (232+ words) U. S. employers added 172, 000 jobs in May, while the unemployment rate held at 4. 3%. Leisure and hospitality added 70, 000 jobs, local government added 55, 000 and health care also gained, while financial activities employment declined by 22, 000. The payrolls beat shifted the metals trade away from rate-cut…...
Gold falls over 2% as robust US jobs data cements bets on higher rates
3+ day, 10+ hour ago (395+ words) June 5 (Reuters) - Gold fell more than 2% on Friday after a stronger-than-expected U. S. jobs report reinforced "expectations that the Federal Reserve will keep interest rates higher for longer amid inflation concerns fuelled by the war in the Middle East. Spot gold was…...