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Gold price drops nearly $50 as the U.S. service sector grows in January, the market still digesting employment surprise

Published: Friday, 03 February 2023 03:07 | Print | Email
(Kitco News) - The gold market is trading at fresh daily lows as the service sector beat expectations in January and grew after contracting in December, according to the latest data from the Institute of Supply Management (ISM).

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Silvergate under criminal investigation for FTX and Alameda money laundering

Published: Friday, 03 February 2023 02:54 | Print | Email
(Kitco News) - The United States Justice Department (DoJ) is investigating Silvergate Capital's relationship with bankrupt crypto exchange FTX and sister hedge fund Alameda Research, according to a Bloomberg report published late Thursday.

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Gold price sharply down following strong U.S. jobs data

Published: Friday, 03 February 2023 01:49 | Print | Email
(Kitco News) - Gold and silver prices are solidly lower in early U.S. trading Friday, following a surprisingly strong U.S. jobs report. Gold notched a three-week low.

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Gold prices taking a hit after U.S. economy added 517K jobs in January

Published: Friday, 03 February 2023 01:34 | Print | Email
(Kitco News) - The gold market is seeing further selling pressure following exceptionally stronger-than-expected labor market data

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Bitcoin Feb. 3 daily chart alert - Price uptrend alive and well

Published: Friday, 03 February 2023 01:22 | Print | Email
(Kitco News) - Bitcoin futures prices are weaker in early U.S. trading Friday, on a normal corrective pullback after hitting a six-month high Thursday.

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  1. Central Banks Round Off 2022 With More Net Purchases in December
  2. Russians Bought Record Number of Gold Bars in 2022
  3. Axel Merk: Seeing Significant New Interest in the Precious Metals Sector
  4. Gold Slides Over 2% As Robust Jobs Report Stokes Hawkish Fed Fears

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