Gold Pushes Higher as Investors Expect Fed Will Start to Ease

Gold headed for a back-to-back weekly gain on expectations that the Federal Reserve will trim interest rates before year-end, with traders looking ahead to US payrolls data for the next batch of clues on the outlook.

BNN Bloomberg16minutes ago

From Bold to Boring

After a rollicking spring rally, gold has settled into a trading range that seems typical for a summertime slowdown. One indicator is now pointing toward a big surprise soon, however.

FXStreetJul 2 13:57 ET

Expectations of interest rate cuts are putting pressure on gold and copper again, waiting for this week's PMI data to provide guidance.

Last week's released overseas macro data remained relatively weak, while Fed officials' statements were relatively hawkish, especially Federal Reserve official Bowman pointed out the possibility of interest rate hikes, which put pressure on the market, causing the US dollar to further strengthen against other currencies. This week, there will be intensive release of Euro-American PMI data, which will be a good guide for the market.

CME GroupJun 30 23:22 ET

Express News | U.S. GoldMining Commences Drilling at the Whistler Gold-Copper Project, Alaska

ReutersJun 27 11:29 ET

Delivery concerns reoccur! The near-month copper price differential is once again on the rise.

Summary: The COMEX copper price curve has shifted downwards from before, and the curve has further converged in the near term, but the monthly difference in the near term has risen again. Currently, there are only two weeks left before the delivery of the July contract, but there is still no sign of delivery, and the holding position of the July contract is still relatively high. In addition, the continuous depletion of COMEX copper inventory is currently less than 10,000 tons, so the near-term price difference has widened again, reflecting the market's concern about the upcoming delivery. The next two weeks will be critical. Key insights: 1. Last week, precious metals and copper prices fluctuated.

CME GroupJun 23 22:26 ET

Did GoldMining Inc. (GLDG)'s Strategic Land Holdings and Exploration Potential Help It Get a Buy Rating From Analysts?

Yahoo FinanceJun 21 15:38 ET