News Articles

Gold remains keenly attuned to nuances over the US economy and the rate outlook, while the physical market remains reasonably solid.... StoneX Bullion

Silver is increasingly becoming an industrial metal, said Peter Krauth, editor of Silver Stock Investor — noting industry now consumes 60 percent compared to 50 percent a few years ago.... Andrew Topf

The gold market has been hit with solid selling pressure as the U.S. labor market continues to fire on all cylinders.... Neils Christensen

While still under pressure, gold prices have bounced off their session lows as the U.S. labor market appears to be losing momentum as the number of workers applying for first-time unemployment benefits jumps....Neils Christensen

Chinese gold purchases rose 30% in 2023, as the country's central bank bought the commodity to replace its dollar holdings amid tensions with the U.S. and individual investors sought a haven for their assets as the economy stumbled.... Momoka Matsumoto and Noriyuki Doi

The Federal Reserve concluded its first monetary policy gathering of 2024 today and voted by unanimous decision to maintain its benchmark interest rate unchanged within in its current range of 5.25% to 5.50%, in line with consensus expectations.... Diego Colman

Global silver demand is forecast to reach 1.2 billion ounces in 2024, which, if achieved would be the second-highest level recorded.... Silver Institute

Gold prices rose on Monday as escalating tensions in the Middle East lifted bullion's safe-haven appeal, while moves were limited as traders awaited the U.S. Federal Reserve chair Jerome Powell's remarks this week for cues on interest rate trajectory... Harshit Verma

Gold prices fell to session lows after the U.S. housing sector surprised to the upside last month . . . .Kitco News

For the year 2023, the price of gold rose on the COMEX 13.5% against the US dollar, while silver only increased 0.5%. . . .Patrick A. Heller