Gold and Silver Well Placed to Resume Uptrends, Analyst Says
Market analyst Ira Epstein observes a resurgence in gold, silver and copper. Silver is currently outperforming gold, while tariff changes and upcoming economic data may influence prices.
Gold Market
Analysis
Deeper looks at the forces setting the gold price.
Gold drops 1% after hawkish Fed rate hike, eyes key technical test
Gold slid over 1% to around $4,240 after the Federal Reserve raised rates to 3.75–4.00% and hinted at more tightening. The $4,320 level is now a key pivot point.
Gold price range-bound near $4,350 as traders await Trump-Xi meeting
Gold is trading near $4,350 on Wednesday, retracing part of its rebound from sub-$4,300. The metal remains range-bound as traders await the Trump-Xi meeting and weigh conflicting drivers.
Aztec Minerals closes C$6.4 million bought deal for Arizona and Mexico projects
Aztec Minerals has closed an upsized C$6.4 million bought deal private placement. The funds will support exploration at its Tombstone gold-silver project in Arizona and the Cervantes gold-copper project in Mexico.
Gold and silver sidelined as financial markets rally
Gold and silver saw increased trading volume even without fresh economic data on Yom Kippur. Analyst Ira Epstein points to geopolitical talks and yield curve shifts as key influences.
Gold coiling for breakout above $5,200 as rate hikes and oil shocks rattle markets
Gold holds key support at $4,100 and eyes new highs above $5,200. Silver needs to break $106. Global interest rate hikes and record diesel prices add pressure to stocks.
Elliott wave analyst updates count for stocks, oil, and gold
An Elliott Wave analyst has revised his counts for the stock market, crude oil, and gold, pointing to a retracement in equities and further upside in oil.
Gold ETF holdings hit record high after eight-day buying streak
Global gold-backed ETFs extended their buying streak to eight consecutive days in August, with $18 billion in inflows pushing total holdings to a new all-time high.
Gold price extends recovery as lower oil prices offset Fed rate hike fears
Gold rallied for a second straight day on Friday, hitting its highest since September 9. Lower oil prices provided the main support, countering the expected drag from a Federal Reserve rate hike.