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#Kitco News

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Gold price near steady; bulls need a fresh spark

(Kitco News) - Gold prices are not far from unchanged in early U.S. trading Monday. Bulls are wobbly again and need some new fundamental information to jumpstart a rally. December gold futures were last up $0.60 at $1,768.30. December Comex silver was last up $0.031 at $23.38 an ounce. Global...
BUSINESS
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kitco.com

Bitcoin daily chart alert - The trend is the bulls' friend - Oct. 18

(Kitco News) - Bitcoin-U.S. dollar are a bit weaker in early U.S. trading Monday, on a routine downside correction. The Bitcoin bulls still have the solid overall near-term technical advantage as prices hover near a seven-month high and are in a solid uptrend. There are no strong, early chart clues to suggest a market top is close at hand. Stay tuned!
CURRENCIES
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kitco.com

Gold technical analysis points to lower levels for now

(Kitco News) - After a great start to the last week, gold managed to lose some of its shine after some impressive data from the U.S. in the form of retail sales. Now $1800 seems to be a bit of a line in the sand and the bulls need to gather some momentum for another break and close above the psychological zone.
RETAIL
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TRENDING TOPICS
postintrend.com

Why Agnico Eagle and Kirkland Lake Gold are merging

(Kitco News) – Agnico Eagle CEO Sean Boyd discussed the benefits of his company’s proposed merger with Kirkland Lake Gold. Boyd spoke to Kitco on Tuesday. Agnico Eagle (TSE:AEM) and Kirkland Lake Gold (TSE:KL) announced a merger earlier this month. “[This merger] is kind of different than what you normally...
BUSINESS
postintrend.com

Now you can use Bitcoin to experience Zero Gravity, Coinbase partners with Zero-G

(Kitco News) – Zero-G is an airline company that offers a simulated weightlessness experience to passengers at a fraction of the price compared to others in the space travel tourism business. Not only is Zero-G dabbling in space and science, the company is now accepting Bitcoin as payment for tickets. Describing the zero gravity experience, Matt Gohd, CEO of Zero-G said, “It is the single most.
LIFESTYLE
kitco.com

Gold price sharply down after surprisingly strong U.S. retail sales

(Kitco News) - Gold prices are sharply lower in early U.S. trading Friday and extended early losses following a very upbeat U.S. retail sales report that falls squarely into the camp of the U.S. monetary policy hawks, who want to see U.S. monetary policy tightened sooner rather than later. December gold futures were last down $23.20 at $1,774.70. December Comex silver was last down $0.272 at $23.21 an ounce.
RETAIL
kitco.com

Another failure at $1,800, what happened?

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!. So what happened?. Gold started to rally when the International Monetary Fund trimmed its global growth forecast, citing...
BUSINESS
kitco.com

Gold hits the $1800/oz resistance

(Kitco News) - In the European session gold has met some selling pressure at the $1800/oz resistance zone. In recent sessions, the precious metal has enjoyed a good run especially post FOMC. The risk environment has been pretty good today and gold and stocks have been moving in the same direction but maybe some risk capital has moved away from the safe haven to riskier assets.
MARKETS
kitco.com

Russian gold and FX reserves hit a record level

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!. (Kitco News) - Russia's FX and gold reserves have been increasing in the last few years but it...
CURRENCIES
kitco.com

Gold and silver are flat leading into the European open

(Kitco News) - Gold and silver are flat leading into the European open at the start of the week. The yellow metal is trading at $1765/oz while silver is holding at around $23.27/oz. Copper has had another good session rising 1.57% while spot WTI moved nearly 1% into the black.
MARKETS
kitco.com

New York Fed Empire State Survey disappoints as it comes in at 19.8

(Kitco News) The gold market is trading near daily lows as the New York manufacturing sector sees a slower-than-expected recovery, according to the latest data from the New York Federal Reserve. The regional central bank said its Empire State manufacturing survey's general business conditions index fell 15 basis points to...
ECONOMY
kitco.com

Gold price falls to daily lows as U.S. retail sales surge past expectations in September

(Kitco News) Gold prices dropped to fresh daily lows following better-than-expected retail sales data from September. U.S. retail sales rose 0.7% last month following an upwardly revised increase of 0.9% in August, according to the latest data from the U.S. Commerce Department. Economists were expecting to see a decrease of 0.2% in last month’s headline number.
RETAIL
kitco.com

This will be the 'best performing asset' in next 2 years - Mart Wolbert

(Kitco News) - The uranium market has arguably the best fundamentals in the commodity space right now, or any asset class, said Mart Wolbert, founder and writer of the Contrarian Codex newsletter. "I would argue that uranium has the best fundamentals underpinnings of any investment asset class in the current...
MARKETS
kitco.com

Potential Chinese invasion of Taiwan: U.S. response and economic consequences

(Kitco News) - Taiwanese independence is geopolitically unsustainable, and it's not a matter of if China will take action towards unification, but when, according to a panel of experts on the Asia-Pacific region. Harold Kempfer, former U.S. Marine Corps intelligence officer and CEO of Global Risk & Intelligence Planning Inc....
FOREIGN POLICY
kitco.com

U.S. producer price growth rises to 8.6%, gold price near daily highs

(Kitco News) Gold was largely unchanged and trading near daily highs after the U.S. Producer Price Index (PPI) rose to 8.6% on an annual basis in September versus the expected 8.7%. This marked the largest year-over-year advance since November 2010. The PPI slowed to 0.5% on a monthly basis in...
BUSINESS
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