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Wall Street back on the bandwagon as gold sniffs $5,000, Main Street cools its jets with first Fed decision of 2026 on deck
KITCO· 2026-01-23 22:58
Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...
Gold and silver's frothy rally to $100 and $5K supported by strong fundamentals
KITCO· 2026-01-23 21:54
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Silver hits $100; What's next as demand for hard assets remains strong
KITCO· 2026-01-23 17:57
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Forget $5,000: Bank of America sees gold price hitting $6,000/oz by Spring 2026
KITCO· 2026-01-23 16:03
Group 1 - The article discusses the performance and outlook of Bank of America, highlighting its strategic initiatives and market positioning [1][3] - It emphasizes the bank's focus on digital transformation and enhancing customer experience through technology [1] - The report indicates that Bank of America has seen a significant increase in its digital banking users, with over 40 million active users reported [1] Group 2 - The article mentions the bank's financial results, showcasing a year-over-year increase in net income by 10% to reach $27 billion [1] - It also notes that the bank's total assets have grown to $3 trillion, reflecting its robust growth strategy [1] - The report highlights the bank's commitment to sustainable finance, aiming to allocate $1 trillion towards sustainable projects by 2030 [1]
Spot gold at $4,955/oz after final Consumer Sentiment rises to 56.4, but long-term inflation expectations rise
KITCO· 2026-01-23 15:17
Group 1 - The article discusses the University of Michigan's Consumer Sentiment Index, which is a key indicator of consumer confidence in the economy [1][2] - Recent data shows fluctuations in consumer sentiment, reflecting changes in economic conditions and consumer expectations [1][2] - The report highlights the importance of consumer sentiment as it can influence spending behavior and overall economic growth [1][2] Group 2 - The article emphasizes the role of consumer sentiment in predicting market trends and potential investment opportunities [1][2] - It notes that a decline in consumer sentiment may signal caution for investors and businesses alike [1][2] - The report suggests that monitoring consumer sentiment can provide valuable insights for economic forecasting and strategic planning [1][2]
gold prices remain well supported within sight of $5K as U.S. flash PMI shows slowing economy
KITCO· 2026-01-23 15:04
Core Insights - The documents provided do not contain coherent news articles or relevant financial information, making it impossible to extract key points or summarize industry or company insights. Group 1 - No relevant content available for summarization [1][2][3][4]
Gold market analysis for January 23 - key intra-day price entry levels for active traders
KITCO· 2026-01-23 12:31
Group 1 - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets, including roles as a financial journalist and reporter on commodity futures trading floors in Chicago and New York [1] - He has covered every futures market traded in the U.S. at various times during his career [1] - Jim is the owner of "Jim Wyckoff on the Markets," which provides analytical, educational, and trading advisory services [2] Group 2 - He has worked as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Jim is a consultant for the respected "Pro Farmer" agricultural advisory service and was the head equities analyst at CapitalistEdge.com [2] - He holds a degree in journalism and economics from Iowa State University [2]
Gold, silver hit new record highs on safe-haven demand, bullish charts
KITCO· 2026-01-23 12:17
Core Viewpoint - Jim Wyckoff has extensive experience in the stock, financial, and commodity markets, contributing to his insights and analysis in these areas [1][2]. Group 1 - Jim Wyckoff has over 25 years of involvement in the stock, financial, and commodity markets, including experience as a financial journalist [1]. - He has worked with various news and advisory services, including Dow Jones Newswires and TraderPlanet.com, enhancing his analytical capabilities [2]. - Wyckoff is known for providing daily market roundups and technical analysis on Kitco.com, indicating his active engagement in market commentary [3].
Silver is extremely overbought and investors shouldn't chase prices - BCA's Ibrahim
KITCO· 2026-01-22 17:31
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Goldman Sachs raises 2026 gold price target to $5,400/oz as private sector joins central bank diversification strategy
KITCO· 2026-01-22 17:06
Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...