AAAU / Gold price drops to daily lows as U.S. new home sales surge in May

Amidst a softer dollar and tempered U.S. Treasury yields, spot gold's surge signals investor caution in anticipation of Fed's rate hike decisions. more_horizontal

(Kitco News) - Chaos in the Middle East appears to be contained within Gaza as Israel continues to wage its war against Hamas; however, the static geo more_horizontal

While Americans have been buying up gold bars at Costco with enthusiasm, global demand for gold fell in the third quarter compared to last year, a rep more_horizontal

(Kitco News) - Gold traded in an elevated and narrow range this week, frequently testing the $2,000 psychological price barrier without ever managing more_horizontal

Amid strong upward movement, gold targets a breakout above the trend high, setting the stage for a possible new record monthly close in November. more_horizontal

Gold markets have gotten rather noisy during the course of the week, and at this point in time it looks like we are hanging around the $2000 level. more_horizontal

Gold markets rallied on Friday, as we continue to bounce around the $2000 level. At this point, it looks like we are just simply trying to consolidate more_horizontal

(Kitco News) - Gold and silver prices are higher in early U.S. trading Friday, boosted by a downbeat U.S. economic report that should assuage Federal more_horizontal