Neils Christensen
Neils Christensen Articles
The gold market is off its lows but still struggling in negative territory, finding little traction as data from the Federal Reserve of New York further highlighted the growing inflation threat.
In delayed reaction, the gold market has been unable to hold on to its gains and is seeing some selling pressure as the Federal Reserve signals that a discussion on reducing its bond-purchasing program could be soon on the table.
Gold prices remain under pressure and near session lows even as the U.S. economy grew less than expected in the first quarter, according to the latest data from the U.S. Commerce Department.
After months of waiting, Congress has finally passed a new stimulus measure to help Americans who have seen their lives turned upside because of the COVID-19. The new liquidity flooding into markets should be positive for gold prices.
The gold market is again seeing some selling pressure following more positive news on another potential vaccine for the COVID-19 virus. However, the damage in the precious metals market has been limited compared to last week's massive...
The gold market has been stuck in a fairly narrow range for nearly two months, and time is quickly running out if the precious metal is going to see a new high above $2,000 an ounce by year-end.
All the ingredients are in place to support higher long-term gold prices, according to one fund manager. In a telephone interview with Kitco News, Axel Merk, president and CEO of Merk Investments, said that there are several important...
