Gold prices losing some ground as U.S. economy created 199K jobs in November, unemployment rate drops to 3.7%
Published: Friday, 08 December 2023 01:35 | 
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(Kitco News) - The gold market is seeing some solid selling pressure as the U.S. economy continues to add more jobs than expected, which is also pushing down the unemployment rate.
Gold market analysis for December 8 - key intra-day price entry levels for active traders
Published: Friday, 08 December 2023 01:21 | |
| (Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Bitcoin December 8 daily chart alert - Recent price pause is not bearish
Published: Friday, 08 December 2023 01:18 | |
| (Kitco News) - Friday, December 8--December bitcoin futures prices are a bit firmer in early U.S. trading Friday, after hitting a contract and 20-month high Wednesday. The pause in prices late this week is not bearish.
Gold's Price Near All-Time Highs, Predicted to Rise Further Over Next 10 Years
Published: Friday, 08 December 2023 12:26 | |
| Gold is defying usual market trends by rising amidst increasing U.S. Treasury yields and Federal Reserve rate hikes, signaling potential economic disconnects. Geopolitical tensions and a gradual global shift away from the U.S. dollar further bolster gold's value. Central banks are set to buy record amounts of gold in 2023, reinforcing its strength in the market.
Gold Is Back Thanks to Debt, Dollars and Interest Rate
Published: Friday, 08 December 2023 12:22 | |
| Gold's surge, despite cooling inflation, is attributed to the anticipation of US interest rate cuts in 2024, which lowers gold's opportunity costs and may weaken the dollar. A crucial factor is the increasing US federal debt, with a $1.7 trillion annual fiscal deficit and a rising interest bill, potentially leading to more debt ceiling raises and money printing.