Gold price powers to 9-month high gold silver
Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
The recent depreciation in the U.S. dollar on the foreign exchange market is partly responsible for gold's surge. However, longtime market watchers are wondering if metals traders sense the geopolitical landscape will significantly heat up in the coming months. An interesting news headline this morning from Barron's: "A summer of sovereign debt crises could be coming.
In overnight news, the Euro zone got some upbeat economic data as its composite purchasing managers index rose to 50.2 in January from 49.3 in December and beating market expectations. U.S. economic data due for release Tuesday includes the weekly Johnson Redbook and chain store sales indexes, the U.S. flash and services purchasing managers indexes , and the Richmond Fed business survey.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold futures remain steady as investors await the PCE report and FOMC meetingExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Read more »
SAH reports technical issues affecting its telephone serviceThe hospital cannot receive calls at this moment, Sault Area Hospital said
Read more »
Tuesday’s analyst upgrades and downgradesInside the Market’s roundup of some of today’s key analyst actions
Read more »
Former Bank of Canada senior deputy governor to brief Trudeau cabinetJustin Trudeau and his ministers gathered in Hamilton, Ont. on Monday for a three-day cabinet retreat ahead of Parliament’s return next week
Read more »
Senior Ukrainian officials step down amid corruption allegationsPoland officially seeks Germany’s permission to send Leopard 2 tanks to Ukraine
Read more »
Senior Ukrainian officials depart amid corruption crackdownThe deputy head of Ukraine’s presidential office quit Tuesday, after Ukrainian President Volodymyr Zelenskyy pledged to launch a staff shake-up amid high-level corruption allegations during the war with Russia.
Read more »