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.
The gold market is not seeing any major reaction to the latest economic data. However, prices are testing initial support levels. Spot gold last traded at $2,199.76 an ounce, up 0.63% on the day. “A steepening rise in costs, combined with strengthened pricing power amid the recent upturn in demand, meant inflationary pressures gathered pace again in March. Costs have increased on the back of further wage growth and rising fuel prices, pushing overall selling price inflation for goods and services up to its highest for nearly a year. The steep jump in prices from the recent low seen in January hints at unwelcome upward pressure on consumer prices in the coming months,” he said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kitco NEWS Reports on Mining Companies Snowline Gold and NexGen EnergyKitco NEWS provides accurate and objective reporting on mining companies Snowline Gold and NexGen Energy. Snowline Gold has seen significant growth due to outstanding drill results and backing from B2Gold. NexGen Energy has experienced a surge in stock value with the rise in uranium prices.
Read more »
Alamos Gold targets about 800,000 ounces of gold productionThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Gold Traders Await CPI Report Impact on Gold PricesGold traders and investors are closely watching the upcoming CPI report as it will have a significant impact on various financial sectors, including gold prices. The recent trading activity in gold futures has formed a doji candlestick pattern, indicating potential trend reversal or indecision about future prices.
Read more »
Gold continues to rise, but technical studies suggest gold is overboughtThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
GOLD SWOT: Gold Fields approved a $195 million renewable energy project at its St. Ives mineThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Gold stocks strongly outperform after gold breakoutsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »