NYSEARCA:GLDM

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$85.42
-3.25 (-3.67%)
At Close: Jun 05, 2026
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
U.S. inflation reports provided significant support to precious metals markets.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
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's lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the fundamental case for bullion remains firmly in place, though $3,000 per ounce looks j
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
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
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
A bullish outlook for gold depends on the Fed signaling multiple rate cuts; fewer cuts could keep downward pressure on prices.
With a tame May CPI, the Fed may ease monetary policy, potentially boosting stocks, while monitoring core inflation trends closely.
Gold rose to $2,310, driven by expectations from the Federal Reserve meeting and the upcoming U.S. inflation data release.
Joni Teves, gold and precious metals strategist at UBS, discusses the bank's decision to raise its forecast for gold prices.
Gold's support at 2,287 may hold, but resistance at 2,344 and a significant support zone around 2,195-2,215 suggest continued downtrend risk.
Silver and platinum gained strong downside momentum as U.S. dollar tested multi-week highs.

Gold, silver weaker as FOMC meeting under way

01:08pm, Tuesday, 11'th Jun 2024
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
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