NYSEARCA:DBP

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$101.06
-4.82 (-4.55%)
At Close: Jun 05, 2026
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
The mix of cooling inflation, increasingly dovish Fed rhetoric, and surging rate cut expectations creates a potent environment for gold prices.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Gold Price Forecast: Bullish Momentum Retained

04:34pm, Friday, 12'th Jul 2024
Gold forms a bullish doji hammer inside day, signaling potential breakout above 2,425 with higher targets at 2,462 and 2,480.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
The cost of a standard Independence Day meal for ten people increased nearly 5% from the previous year and a significant 30% increase over the past five years, according to the American Farm Bureau Fe
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The gold market has seen a lot of noise over the course of the week, as we have seen volatility, mainly due to noisy behavior coming out of the bond markets and of course the US Dollar.
The gold market has shown itself to be resilient on Friday, as the market continues to see a lot of volatility, as the market is pressuring the overall resistance barrier.
More tensions around the globe, coupled with expectations of lower rates and a weaker dollar, could lead to higher gold prices.
Anna Golubova is the Producer for Kitco News. With more than ten years of experience in media, she has covered a range of topics, focusing on economy and politics.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
On Gold's recent surge: Will the Western investor come back? Will the Eastern investor stick around?
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Bullish outlook for gold in short term as market moves towards lower interest rates, potentially setting new record highs before year-end
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