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Comex gold futures prices are modestly up in early U.S. trading Monday. Silver prices are near steady. The key outside markets are friendly for the precious metals to start the trading week, as the U.S. dollar index is weaker and crude oil prices are solidly higher. The technical charts remain solidly bullish for gold and silver. June gold was last up $7.30 at $2,032.00 and July silver was down $0 ...

Gold and silver prices are seeing strong selling pressure in late-morning trading Friday, following another U.S. jobs report that came in better than the consensus forecast. Featured is solid profit-taking from the shorter-term futures traders after both gold and silver scored good gains this week, including gold futures hitting a new record high.

Gold made another run toward record highs on Thursday as U.S. banking concerns accelerated a flight to the safe-haven asset and sustained its stellar rally driven by bets for a pause in U.S. rate hikes.

Joe McElroy got into his Honda sedan one morning in late 2020, turned the key, and heard a loud screech. “Gotdamn,” he said. As a mechanic, he knew instantly that his car’s catalytic converter — a football-sized device on the undercarriage between the engine and muffler that reduces environmentally harmful exhaust emissions — had been stolen, sawed off overnight while the car sat in the driveway ...

The board of Australia's Newcrest Mining has recommended the latest takeover offer of bigger sector player Newmont, which last month valued the target company at $19.5 billion. "The latest offer is one that the board would be prepared to recommend subject to successful due diligence during the period," interim Newcrest chief executive Sherry Duhe said this week, as quoted by Bloomberg.

Comex gold futures prices are up and overnight hit a new record high of $2,085.40 an ounce, on safe-haven demand amid a jittery U.S. banking system and worries about a U.S. and/or global economic recession. Silver prices are also higher. June gold was last up $13.80 at $2,050.90 and July silver was up $0.234 at $25.915.

Gold prices fell 0.5% to $1,980.78 per ounce on May 3 due to the strengthening of the US dollar ahead of an interest rate hike decision to be made later in the week by the Federal Reserve. Meanwhile, JPMorgan acquired a majority of assets and liabilities of First Republic Bank. "If we see a meaningful downturn in US economic data that expanded rate cut expectations for the back half of this year ...

South Africa’s Sibanye Stillwater has resumed output at its Stillwater West mine in Montana, United States, and production should be back to normal around the end of April, the company said on Monday, after repairs to shaft infrastructure.

The theft of $20 million in gold and other high-end items from Pearson International Airport was likely a well-planned professional job and if authorities don’t get the gold back quickly, it’s likely gone forever.

The gold market is clinging to $2,000 an ounce heading into the weekend; however, strong neutral sentiment in the marketplace suggests that the precious metal is in no hurry to go anywhere anytime soon.