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Gold prices fall following strong rise in October durable goods data
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Gold prices fall following strong rise in October durable goods data

Gold prices remain under pressure falling slightly but still holding critical support above $1,450 an ounce as momentum in the U.S. manufacturing sector rose significantly last month. Wednesday, a U.S. Commerce Department report showed U.S. durable-goods orders increased by 0.6% in October, up from September’s revised 1.4% drop. The headline […]

There is still a case to hold gold as a strategic asset – Aberdeen Standard Investments
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There is still a case to hold gold as a strategic asset – Aberdeen Standard Investments

Speculative interest in gold may have run its course, but investors shouldn’t completely disregard the precious metal even as record equity markets hog all the limelight, according to one market expert. Steve Dunn, head of exchange-traded products at Aberdeen Standard Investments, said in a telephone interview with Kitco News that […]

Chair Jerome Powell: “Fed To Expand Balance Sheet ‘Soon’”
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Chair Jerome Powell: “Fed To Expand Balance Sheet ‘Soon’”

Gold rose to daily highs Markets digested Federal Reserve Chair Jerome Powell’s comments. That the U.S. central bank will start expanding its balance sheet “soon.” December Comex gold futures were last trading at $1,510.10, up 0.38% on the day after briefly touching Tuesday’s high of $1,515 an ounce. Powell remained potentially […]