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At Close: Jun 05, 2026

Gold price firmer as charts still favor the bulls

09:02am, Wednesday, 07'th Aug 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
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
Gold prices seek support at $2380 as traders eye Fed's potential rate cuts in September, driving bullish outlook towards $2500.
As gold climbs toward $2,400, investors eye potential rebounds amid Middle East tensions and anticipated Federal Reserve rate cuts.
Gold trades within a rising trend channel, testing key supports while resistance remains at 2,418; potential downside targets include 2,347 and 2,312.
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.
Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 afte
Global markets calmed down, which served as a bearish catalyst for gold.
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
The growth rates for gold and national debt are the same, at about 8%. As the expansion of treasuries continues with no limit, so will gold prices.
The gold markets continue to see inflows, although the previous session looked a lot like a “forced liquidation” of larger funds to cover losses in other 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
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
Gold prices rise amid Fed officials hinting at rate cuts and Middle East tensions. Mixed U.S. economic data adds to market uncertainty.
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