(Kitco News) – The Federal Reserve is in no hurry to shift its current higher-for-longer monetary policy stance, which has significantly weakened bullish momentum in the gold market, and according to some analysts, it will take a big miss in inflation to push the precious metal one way or another out of its current trading
(Kitco News) – Gold prices chopped around in a narrow $10 range between $2,016 and $2,025 this week, with only minor reactions to even the most significant data releases and corporate earnings reports. The latest Kitco News Weekly Gold Survey showed institutional experts and retail traders maintaining their cautious stance, with no clear consensus about
FRANKFURT, Jan 8 (Reuters) – Wealth inequality declined in the euro zone over the past five years, confounding some expectations, as a large middle class with widespread property ownership benefited from a house price boom, the European Central Bank said on Monday. The new data comes after the ECB faced years of criticism that a
(Kitco News) – Gold prices spent the first week of 2024 solidly above $2000 per ounce, but they were yanked up and down as markets attempted to calibrate their expectations of how soon the Federal Reserve will cut rates based on economic data releases. After trading sideways on Monday and Tuesday, gold sold off sharply
The global value of cryptocurrencies surged by more than $800bn (£631bn) in 2023 as investors continued to pile into the speculative assets despite a series of scandals, bankruptcies and tougher regulation. After losing more than half their value in the 12 months to December 2022, digital coins rebounded over the last year – with the