Gold & Silver News

The global market meltdown touched off on Aug. 2 by a dismal U.S. jobs report continued to pound the market through most of last week. Recession fears sent The Dow Jones Industrial Average into a nosedive last Monday with a loss of more than 1,000 points and chomped 3% out of the S&P 500 for…

Bullion investors found plenty of reasons last week to believe that gold and silver have room – maybe quite a bit of it – to run in the short term. Federal Reserve Chairman Jerome Powell, whose dovish scenario of a potential interest rate cut being “on the table” in September if market conditions held, set…

Bullion traders navigated a heady week packed with sell-offs and profit-taking, Capitol Hill curveballs, and a barrage of sometimes conflicting financial data on housing, inventories, second-quarter GDP, and inflation that left more than a few Wall Street observers wondering which way the U.S. economy was heading. Throw in a generous dash of market uncertainty –…

Gold grabbed most of the headlines last week as the yellow metal set a new all-time high on Tuesday, shattered that record a day later, and then shed those gains to close out the series of whirlwind trading sessions. It was a different story for silver, which struggled after China – a top consumer of…

Gold hit its all-time high and appeared to head even higher Tuesday morning as an emboldened marketplace estimated the likelihood of a September interest rate cut at 100%. The yellow metal was trading at $2,458 per ounce late Tuesday morning, up $35.59 and gaining nearly 1.5% on the day so far. The figure shattered gold’s…

Last week’s surge in both gold and silver was bookended by cautious optimism from bullion traders, hoping to collect enough evidence to prove that an interest rate cut in September was all but a formality. They cherry-picked some encouraging remarks from the two-day Capitol Hill testimony of Federal Reserve Chairman Jerome Powell, who told federal lawmakers the…