ProShares Ultra Gold

UGL provides 2x the daily performance of gold, as measured by the price of COMEX gold futures contracts.

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(Kitco News) - Despite gold's dramatic drop through critical support levels, one bank sees potential for prices to push back to $1,900 an ounce by the end of the year. However, the precious metal will have to contend with higher inflation and interest rates in the next few years.

Gold price can still reach $1,900 by year-end but will struggle as inflation, interest rates rise - Credit Suisse

Global X Silver Miners ETF

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(Kitco News) - Gold and silver prices are moderately up in midday U.S. trading Wednesday as the metals are seeing corrective rebounds from recent strong selling pressure.

Gold, silver see routine corrective bounces at mid-week

(Kitco News) - The gold market has managed to find some support and appears to be making a run back towards $1,800 an ounce. However, one market analyst warns that the Federal Reserve has done a lot of damage to the precious metal, and new all-time highs by the end of the year are off the table.

All-time highs are off the table for gold price this year and it's the Fed's fault - DailyFX

(Kitco News) - Once a major pillar of support for the U.S. economy, the housing sector continues to lose momentum as fewer new homes were sold in May.

Gold prices holding gains following 5.9% drop in U.S. new home sales

(Kitco News) - Gold prices are holding on in positive territory pushing close to $1,800 an ounce following mixed sentiment in the manufacturing and service sectors.

Gold prices pushing close to $1,800 but see little reaction to mixed flash PMI data

Gold futures edge higher Wednesday morning, partially supported by subdued yields for government debt and a U.S. dollar that has receded from roughly 2-month highs.

Metals Stocks: Gold futures tilt higher Wednesday

(Kitco News) - Gold and silver prices are moderately up in early U.S. trading Wednesday as the metals are seeing corrective rebounds from recent strong selling pressure.

Gold, silver see corrective price bounces at mid-week

(Kitco News) - Federal Reserve Chair Jerome Powell said that transitory inflation has been higher and more persistent than expected, but it will "wane."

Gold price ignores Powell's inflation stance: It's higher than expected, but it'll 'wane'

(Kitco News) - Hedge funds and money managers positioned themselves for hawkish comments from the Federal Reserve as they liquidated their bullish gold bets and increased their short exposure, according to the latest trade data from the Commodity Futures Trading Commission.

Hedge funds dropped bullish gold bets to prepare for hawkish Fed

Gold futures ended lower on Tuesday to log a third loss in four sessions ahead of Federal Reserve Chairman Jerome Powell's testimony to the House select subcommittee on the coronavirus pandemic. In prepared text released late Monday to be presented at the hearing, Powell said the "Fed will do everything we can to support the economy for as long as it takes to complete the recovery.

Gold prices end lower, marking their third loss in 4 sessions

(Kitco News) - Gold and silver prices are modestly down in midday U.S. trading Tuesday, as the markets are on hold ahead of highly anticipated comments from the U.S. central bank chief this afternoon.

Gold, silver a bit weaker just ahead of Fed Chair Powell's testimony

(Kitco News) - Gold was relatively unchanged and trading down on the day as the U.S. existing home sales dropped for the fourth month in a row in May but were still slightly better than expected.

Gold price still under pressure as U.S. existing home sales drop for a fourth straight month in May

(Kitco News) - Gold and silver prices are slightly down in early U.S. trading Tuesday, as the markets are on hold ahead of highly anticipated comments from the U.S. central bank chief.

Gold, silver see price pauses as Fed Chair Powell on deck

Gold market-timers are bearish and that's a contrarian sign.

Mark Hulbert: Gold is ready to rally and the Fed and interest rates have nothing to do with it

Gold futures settled higher on Monday, posting a partial rebound after a steep decline in prices last week. A falling U.S. dollar index will prevent gold prices from crashing and for now, gold prices are likely in a "neutral zone," said Chintan Karnani, director of research at Insignia Consultants.

Gold prices rebound after last week's steep decline

(Kitco News) - Gold prices are solidly up in midday U.S. trading Monday on a corrective and short-covering rebound after dropping sharply last week and hitting a five-week low on Friday

Gold posts decent rebound after last week's pounding

Gold futures on Monday head modestly higher, with the precious metal attempting to claw back from its steepest weekly decline since March 2020.

Metals Stocks: Gold edges higher, attempts to recover from sharpest weekly skid in over a year

(Kitco News) - Gold prices are moderately up in early U.S. trading Monday on a corrective rebound after dropping sharply last week.

Gold sees corrective price bounce after recent selling pressure

(Kitco News) - Gold is having a mini-revival at the start of the week but it looks like it's too early to be popping champagne bottles. There are lots of important resistance levels in the way of a recovery on the 4-hour gold futures chart below.

The gold price has recovered but there is some traffic ahead

US dollar is up sharply as 7 Federal Reserve officials expect rates to increase in 2022, 13 Fed officials see rate increase in 2023. I see some intraday impulsive reactions but keep in mind that if you zoom out your price chart you will still see a sideways move since January.

Federal Reserve Causes Gold Sell-off; USDCHF Currency Headed Higher (Elliott Wave Analysis)

(Kitco News) - The gold space felt the ground shift under its feet this week as the precious metal shed $100 on the Federal Reserve's surprisingly hawkish stance.

What's gold's fair value? Markets reassess prices as inflation expectations shift

Gold futures declined on Friday to mark their lowest settlement in seven weeks, with most-active contract prices marking their largest weekly percentage loss since March of last year. Prices spent part of the day trading higher, but St. Louis Federal Reserve President James Bullard said Friday he expects the central bank to raise its benchmark interest rate in 2022, sending gold prices back toward session lows, said Edward Moya, senior market analyst at Oanda.

Gold prices settle at 7-week low, with biggest weekly loss since March 2020

(Kitco News) - The Federal Reserve unleashed considerable panic in the precious metals market. While there is still some bullish sentiment in the marketplace, some market analysts say that it could take some time for gold to work through all the selling pressure.

Panic selling in gold could last a little longer as Wall Street turns bearish on gold, but many look to buy the dip

(Kitco News) - Jim Wyckoff, senior analyst of Kitco News, called this week's drop in gold a "knee jerk reaction."

Why did gold price plunge $100 this week, and what's the next target? Jim Wyckoff

Gold futures edge higher Friday, but remain on track for the biggest weekly drop since March 2020 as the U.S. dollar jumps following a more hawkish tone from the Federal Reserve.

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