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At Close: Jul 09, 2026

Gold Stock Finds Key Support at Bullish Trendline

12:37pm, Wednesday, 03'rd Jun 2026
Kinross Gold Corp (NYSE:KGC) was last seen down 2.8% at $28.18, pulling back alongside the broader precious metals sector.
Rising expectations that the Federal Reserve will have to hike interest rates rather than cut them by the end of the year continue to take their toll on the precious metals market, with gold prices fa
Is it the right time to increase your exposure to gold?
The U.S. service sector improved above expectations last month, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Wednesday morning that its Services Pur
Gold drifts a little bit lower early on Wednesday, as traders continue to see a consolidation range play out. The noise coming out of the Middle East continues to be a concern in this market.
The gold market could see renewed selling pressure as the U.S. labor market remains resilient, with the private sector creating slightly more jobs than expected in May.
The ongoing US-Iran ceasefire allowed gold and silver to react to technical breakdowns. Gold accelerated lower below $4,500 with strong bearish continuation while silver traded at $74.80.
Gold and silver remain under pressure as oil-driven inflation, Fed rate fears, and U.S. jobs data shape the next move in precious metals.
Gold futures' technical backdrop has likely improved in recent weeks, StoneX's Matt Simpson says in commentary. Prices have repeatedly found support around $4,400 an ounce and momentum indicators are
Spot gold prices are near steady and spot silver prices are lower after the close Tuesday, as a stronger U.S. dollar and firmer crude oil offset support from lower Treasury yields.
Axel Merk, founder and CIO of Merk Investments, said that while gold remains a relatively 'calm' investment, the world around the commodity and the geopolitical and economic 'crosscurrents' including
Gold continues to compress within a symmetrical triangle as overlapping support and resistance levels cluster, suggesting an imminent breakout decision as volatility contracts near key moving averages
Gold continues to assert its dominance in global financial markets as an important monetary asset, with the European Central Bank highlighting a significant milestone for the precious metal.
Gold markets moved away from session highs as traders focused on stronger dollar and rising Treasury yields.
Gold prices declined in May, as the Iran conflict supported yields and the dollar while reducing expectations for rate cuts, but debt concerns, de-dollarization, sticky inflation and steady central ba
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