Kitco NEWS

Kitco News: The leading global source for precious metals, crypto, mining, and market news. Expert analysis, exclusive interviews, & in-depth event coverage.

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TIME TO VOTE: Where is the #GOLD price headed next week? Cast your vote now and share your thoughts! 🗳️ #goldprice #kitconews #kitcopoll #xauusd #gold

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Full story at Kitco: https://t.co/uB8SEfyrMF

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Warsh’s first FOMC will be about dot plots, dissents, language and Fed independence - Experts

(Kitco News) – With less than 24 hours to go before new Fed chair Kevin Warsh delivers the first rate decision of his tenure, markets are fully priced in for a rate hold. But as traders digest the latest economic projections, experts will be carefully watching the new chair’s choice of words, his characterization of the U.S. economy, the job market and inflation pressures – along with any indication that the world's most powerful central bank has become less independent.

Kevin Grady, president of Phoenix Futures and Options, told Kitco News he doesn’t expect to see a major shift in tone from Powell to Warsh, and he expects the Fed will continue to let the data dictate monetary policy. ...

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Full story at Kitco: https://t.co/OjdE9AWZk2

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Gold is still stuck in a holding pattern, but the bullish long-term case remains intact, says Tanglewood's Bruce

(Kitco News) - The #gold market continues to hold on to solid gains after testing critical support near $4,000 an ounce, but one market strategist believes the precious metal remains trapped in a broad consolidation phase as investors wait for greater clarity on interest rates and #inflation.

In an interview with Kitco News, Tom Bruce, Macro Investment Strategist at Tanglewood Total Wealth Management, said that he is relatively neutral on gold in the near term, but the longer-term outlook for the precious metal remains constructive.

Bruce described the current environment as one of the most difficult periods to assess for gold investors. ...

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Could #Silver have started making its first higher low? The two most recent lows for silver look an awful lot like a double-bottom and, it's most recent low has the makings of a higher low. Let's see if Silver Bulls will be happy campers going forward...

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Why market excitement should not control retirement capital

I’ll be the first to admit that the markets hooked me early.

Not only because of the financial opportunity, but because of the energy. There is something about watching price move, seeing a setup develop, and feeling that pressure of a decision that can pull you in very quickly. In my early years, I could spend hours in front of the screen, scanning charts, looking for the next move, and feeling like something important was always about to happen.

That excitement is real.

And for many people who enjoy trading, it is part of the attraction. ...

Full opinion at Kitco: https://t.co/GogXMu3I7Z

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Gold Price vs Currencies

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Full commentary at Kitco: https://t.co/A6dxelZtn3

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Geopolitics moved gold for a day. Technicals moved it for a quarter

After yesterday’s sharp moves, not much is going on today, so I’d like to take this opportunity to step back and look at the whole arc of this war. The deal that is (probably) being signed Friday gives us a rare clean bookend, and what happened at the start of the war tells you a great deal about what is likely to happen now at its end.

Start with the single fact that frames everything. The war began on February 28 with coordinated US and Israeli strikes on Iran. It shut the Strait of Hormuz, the chokepoint for roughly a fifth of the world's oil. By any conventional reading, that is the most bullish backdrop gold could ask for: a shooting war, a closed oil artery, a dead head of state, retaliatory missiles across the Gulf. And here is what gold, silver, and the miners actually did over the three-plus months that followed. ...

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Full story at Kitco: https://t.co/2l0WTqRlAU

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Barclays sees gold hitting $4,791 in 2026, $4,900 in 2027 as Iran correction fades, structural drivers reemerge

(Kitco News) – Gold’s 26% decline during the Iran conflict came from a boost to the dollar, yields and equities which overwhelmed the yellow metal's safe-haven appeal, but persistent inflation, policy uncertainty and central bank demand remain intact, and gold prices will still reach nearly $4,800 in 2026 and $4,900 in 2027, according to Barclays.

In a research note published Monday, the UK banking giant’s cross-asset research team led by Lefteris Farmakis and Themistoklis Fiotakis said gold’s three-month selloff was driven by the stronger U.S. dollar, white-hot equity markets absorbing all the available risk capital, and the unwinding of leveraged gold positions, with Russian and Turkish central bank gold sales also contributing to the weakness. ...

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Full analysis at Kitco: https://t.co/F8IHiiVZ33

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Bitcoin bear flag risk builds after failed cloud confirmation

Bitcoin delivered the expected bullish bounce on Monday’s “peace” pump, piercing both the daily TBO Cloud and the daily TBO Fast line. That move satisfied the bounce target, but the larger confirmation is still missing because Bitcoin did not close inside the Cloud.

As long as BTC remains outside the Cloud on a closing basis, the read remains strong bearish. The immediate level to watch is the new TBO Support around $63,418. The expectation is not for an immediate dump, but rather a slow grind back toward support if the failed confirmation continues to play out. ...

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Full story at Kitco: https://t.co/MVbk8McWao

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Gold could find a safe-haven bid as U.S. housing construction drops 15.4% in May

(Kitco News) - The gold market continues to build on Monday’s gap higher, and with inflation pressures expected to ease, the precious metal could attract some safe-haven interest as the U.S. housing sector struggles, as construction remaining sluggish.

Housing starts fell more than 15% in May to a seasonally adjusted annual rate of 1.18 million units, the Commerce Department announced on Tuesday. The data was significantly worse than expected, as economists had forecast relatively stable activity of around 1.43 million units. Adding to the disappointing news, April’s numbers were revised sharply lower to 1.39 million units.

Construction activity is down 8.9% compared to May 2025. ...

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Full story at Kitco: https://t.co/seBliQkwXH

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Gold, silver firm as U.S.-Iran deal cools crude - Kitco AM Report

Kitco NewsWire) - Spot gold prices are firmer and spot silver prices are also higher in early U.S. trading Tuesday, as #oil prices extended their U.S.-Iran deal selloff, Treasury yields eased and traders positioned for the June 16-17 Federal Reserve meeting. At the time of writing, spot #gold was trading near $4,343.20 an ounce, up 0.81%, while spot #silver was trading at $70.47, up 0.86% on the session.

The macro setup is still being driven by the energy-to-rates channel. The May inflation data kept the Fed-rate debate restrictive, but the collapse in crude from last week’s Hormuz-risk highs has taken pressure off inflation expectations and supported a bid in precious metals. ...

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#Gold bounced hard off of the $4K support line. The current setup looks positive for bulls, as the Weak Hands & Bears will be doubting the validity of the bounce. Thereby injecting enough pessimism in the market for a sustained move higher. Let's see if that is how it plays out.

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Here's Who's Coming Up on Kitco News: Cory Klippsten, CEO of Swan Bitcoin @SwanBitcoin, speaks with Jeremy Szafron @JeremySzafron. Hitting the channel soon!

Watch it here: https://t.co/P9fJXKhjue