Gold Steadies
Digest more
After being dormant for nearly 30 years, the Mount Todd gold mine near Katherine is gearing up to restart production. While there are calls for local Aboriginal people to have the "first crack" at mining jobs,
June 10 (Reuters) - Gold prices fell more than 1% on Wednesday, as oil prices rose on renewed hostilities between the U.S. and Iran, fuelling concerns about inflation and interest rate hikes. FUNDAMENTALS * Spot gold fell 1.
Gold has fallen below its 200-day moving average, prompting Ed Yardeni to identify $4,000 as the next key support level
Gold's spot price — or its current trading value — today as of 9:00 a.m. ET is $4,329.32 per ounce, according to CNBC's Gold/ US Dollar Spot Price. That's slightly lower than Friday's price, when it traded at $4,
US CPI drops Wednesday. Rate hike odds are at 70%. A hot print could push Bitcoin and gold lower as markets continue to struggle.
Gold is weird. It’s one of the few metals that doesn’t really oxidize. Even silver and copper—from the same column of the periodic table—form weak oxides. Naively, you might expect that gold would tarnish just like silver. Gold also sits right next to platinum, but it has none of that metal’s catalytic properties.
Aaron Schock traded congressional disgrace for what he said was his shot at a Venezuelan gold mine — and the chance to remake himself in Trump's Washington.
Citigroup revised its gold price target to $4,000, but smart money and whales were already short and the macro had turned weeks earlier.
