The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.market has been unstoppable, marking new intraday record highs nearly every day.
The CME FedWatch Tool shows that markets see only a 56% chance of a rate cut in June, down sharply from 80% priced in last month. However, these shifting expectations have yet to curb the new enthusiasm for Nguyen noted that there is still an ongoing tug-of-war in the gold market between safe-haven demand and interest rate expectations. She added while prices can go higher, caution is warranted., is difficult if not impossible to measure. Therefore, a ‘fundamentally justified’ gold price is certainly not clearly definable,” she said. “Nevertheless, it is difficult to imagine that the divergence between the gold price and the typical fundamental drivers can continue indefinitely.
Some analysts note that Asian demand continues to dominate the price action, pointing out that gold’s session highs have been made in the overnight session.At the same time, the premium between gold prices on the SGE and prices set by the London Bullion Market Association hit a new record high of around $40.
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