Spdr Gold Shares ETF News

Another blowout US CPI report triggers another false reaction in metals. 5 months ago, gold would plummet $50 on the mere mention of Fed tapering. Tod

(Kitco News) - The era of free money is coming to an end as the Federal Reserve looks to tighten its monetary policy and reduce its balance sheet this year. According to one market strategist, investors want to hold something tangible in this environment.

The price of gold may continue to retrace the decline from the November high ($1877) if it manages to clear the opening range for 2022.

(Kitco News) - The news of U.S. inflation soaring to new four-decade highs is sending shock waves through Wall Street as markets price in a half-point rate hike by the Federal Reserve in March. But the gold market is not buying into the narrative, with prices climbing to test critical trading levels.

Jobless claims declined more than expected

Peter Schiff: The Fed''s Important Admission Via SchiffGold.com, Atlanta Fed President Raphael Bostic made an important admission during a CNBC interview. He confessed the Fed wasn’t really going all-in on the inflation fight. That raises a question: how is it going to tame the inflation monster? Peter Schiff talked about this admission during his podcast, along with a head-scratching article about the trade deficit in the Wall Street Journal . The US trade deficit shattered historical records in 2021 . The Wall Street Journal claims this is a sign of a strong economy . Peter said that’s an absurd statement. That’s like your kid brings home an F on his report card and you’re like, ‘Oh, that must stand for fabulous.’ It doesn’t. It is failure. A 27% explosion in a deficit is an abysmal failure of an economy.” Imagine if the trade surplus was up 27%. Would the Wall Street Journal be reporting this as a sign of a weak economy? Of course not. You can’t have it both ways. Either an increase in your trade surplus is good or an increase in your trade deficit is good.

Oil Crude prices have been in a ping-pong session over the past couple of days as energy traders monitor headlines regarding the Russia-Ukraine geopolitical conflict and Iran nuclear talks. The Biden administration reached out to the Saudis but was unable to make any progress in getting oil prices down. The Saudis are sticking to their []

Gold prices touched their highest level in two-weeks on Thursday, supported by a weaker dollar and as data showing a spike in U.S. consumer prices boosted the metal''s appeal as a hedge against inflation.

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Gold markets went back and forth quite wildly after the CPI number came out hotter than anticipated. By doing so, this shows just how strong the gold market is.

Gold and silver may be looking to make some big moves at the end of this week, as the heavyweight of inflation data is released. US inflation is released on Thursday, and investors will immediately be trying to determine what the results and the subsequent commentary from Fed officials could mean for gold and silver. As it stands, the market is expecting US inflation (YoY to January) to be 7.3%, and for the US Federal Reserve to strongly signal a rate hike of 0.25% in its next meeting, to be implemented in March. More forceful and frequent commentary from Fed officials concerning an initial rate hike greater than 0.25% could significantly move the gold and silver markets. For now, this is a scenario that is largely dismissed when put Full story available on Benzinga.com

Prices of gold and silver rose on Thursday as appetite for safe-haven assets grew after the United States'' inflation report for January, which showed that inflation quickened to the annual rate of

Everything Is Exploding Higher Now… Except The Dollar Well that all turned around quickly. The dollar is in freefall after spiking ion the hot CPI... Stocks are soaring (S&P, Dow back into the green) Gold is ripping higher... Crypto is rebounding to the highs of the day.. But bonds remain at their high yields of the day... How long will this last? The European close, maybe? Tyler Durden Thu, 02/10/2022 - 10:48

The market was up, but mining stocks chose to reverse. Meanwhile, gold sent a clear signal to investors. So, when everyone buys, what happens?

(Kitco News) - The gold market continues to see some technical selling pressure and is finding little bullish traction following hotter than expected inflation data.