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

Joined April 2010
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Wall Street retreats to the sidelines ahead of the Fed, Main Street breaks bearish after gold tests $4,000/oz (Kitco News) – Gold prices saw another turbulent week, as early safe-haven support faded into a sharp midweek selloff after hotter U.S. inflation data, renewed Middle East fighting, and rising Fed rate-hike expectations pushed prices to the $4,000 support level before the yellow metal reclaimed $4,200 on a late-week bounce. Spot gold kicked off the week trading at $4,327.46 per ounce on Sunday evening, and prices pushed higher into Tuesday as traders continued to monitor the U.S.-Iran conflict and the risk of further disruption in the Strait of Hormuz. ...
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Bitcoin barely moved on Friday, closing down just 0.07%, but the level still matters: BTC wicked up to 64,394 and needs to keep closing above the TBO support area around 63,913 to make this move look bullish. The bearish pennant is probably finished after two closes above it, but volume is still weak, the candle was tiny, and TBO/on-balance volume remain strongly bearish, so I would not be shocked to see a weekend trickle lower or a Sunday pump-or-dump. Ethereum is still sitting below overhead resistance and opened below support, even with bullish RSI resets showing up. My shorts remain open, and if BTC or ETH spike into their baselines/fast lines, that is where I would be looking to add, not here. Total crypto is still below the 1.9T TBO support/resistance area, stablecoin dominance is only hinting at a bearish divergence until the candle confirms, Bitcoin dominance is doing what I am waiting for BTC to do, and OTHERS market cap remains very strong bearish despite tagging the fast line. In TradFi, DXY is pushing into historical TBO resistance around 103.28, USDJPY still is not enough to go Home Alone style, S&P/SPX/NASDAQ have closed recent TBO close longs, and the VIX reaction is still weird. Oil keeps dropping toward the 81 area, gold and silver are technically strong bearish, and today’s picks are full of examples of why entries and profit-taking matter: BEAT pulled back after a massive run, XMR and TRUMP show why I do not trust pumps, COAI gave a clean fast-line entry, VELVET showed an 80% wipeout, and viewer picks included HOOD, CRCL, ALAB, AMAT, NKE, and SOL. CHAPTER MARKERS 00:00 BTC Flat Close, 64k TBO Support, and Fast Line Target 02:29 Ethereum Resistance, Open Shorts, and Weekend Risk 03:37 TOTALES, Stablecoin Dominance, BTC Dominance, and OTHERS 05:07 TradFi Watch: DXY, EURUSD, USDJPY, S&P Futures, and VIX 07:15 Oil, Gold, Silver, and Better Traders Resources 10:05 My Picks: BEAT, XMR, TRUMP, and COAI 12:43 DEXE Bearish Divergence and HYPE Setup 14:20 NEAR, ONDO, VVV, INJ, H, FF, and VELVET 16:40 Viewer Picks: HOOD, CRCL, ALAB, and AMAT 19:07 NKE Gap Fill Risk and SOL Outlook 21:47 SUI Preview, HYPE Deep Dive, and Club Early Access
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Gold Tests $4,000: The ‘60% To 70% Probability’ Of A Bottom | Gary Wagner Gold futures tested the key $4,000 psychological level this week under intense selling pressure before catching a late Friday bid. Gary Wagner joins Jeremy Szafron, Senior Anchor of Kitco News, to break down the technical damage and explain why he sees a "60% to 70% probability" that gold has established a firm technical floor. Wagner outlines the critical resistance levels gold must break to save its broader bullish trend, noting that a return to record highs will be a "hard climb back up." The analysis also covers silver's resilience as it reclaims its 200-day moving average, outperforming gold during the recent drawdown. Plus, Wagner weighs in on how macro liquidity shifts - including the $75 billion SpaceX IPO and reports of a possible interim U.S.-Iran agreement around the Strait of Hormuz - are impacting the charts, and what the CME's upcoming move to 24/7 trading for retail gold contracts means for technical weekend gaps. Recorded June 12 2026 Follow Jeremy Szafron on X: @JeremySzafron (x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (x.com/KitcoNewsNOW) Follow Gary Wagner on X: @goldforecast (x.com/goldforecast) CHAPTERS 00:00 - Gold Tests $4,000 & Market Macro Shifts 01:45 - The $4,000 Technical Floor & Support Levels 06:40 - $6,000 Elliott Wave Target & Resistance at $4,370 09:50 - Inflation Data & Fed Rate Hike Probabilities 11:50 - Silver Outperforms & Reclaims 200-Day Moving Average 21:20 - CME 24/7 Gold Futures Trading Impact 25:00 - Gary Wagner's Technical Roadmap for Next Week
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Gold's inflation problem could become its next bullish trigger (Kitco News) - It has been another frustrating week for gold investors, with prices now falling into bear market territory. But beneath the surface, the macro backdrop may be shifting in a way that could eventually turn a near-term headwind into a longer-term tailwind. At the center of the uncertainty is inflation. ...
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CME to offer 24/7 gold and oil trading (Kitco News) - Geopolitical uncertainty doesn’t take the weekend off, and neither will #gold and #oil futures as the @CMEGroup prepares to launch 24/7 trading. The world’s largest derivatives exchange announced Thursday evening that it would launch a smaller oil futures contract that will trade through the weekend, along with its relatively new one-ounce gold contract. ...
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The first wave of speakers for #BitcoinAsia 2026 has arrived. From Balaji Srinivasan and Simon Gerovich to policymakers, builders, and global finance leaders, Hong Kong is set to host the conversations shaping Bitcoin's next chapter. 🇭🇰 Aug. 27–28 | Hong Kong Convention & Exhibition Centre asia.b.tc/ use kitco10 for a 10% discount @Bitcoinconfasia
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Here's Who's Coming Up on Kitco News: David Woo, founder of David Woo Unbound @Davidwoounbound, speaks with Jeremy Szafron @JeremySzafron. Hitting the channel soon! Watch it here: youtube.com/@kitco
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$BTC finally bounced hard, but the bigger structure still has not changed. Thursday’s 3.44% move pushed price back through the short-term pennant and into overhead resistance, but without a clean daily close back above TBO resistance, this still looks like a bearish rally inside a larger downtrend. $ETH had its own bounce and another weak bullish RSI reset, but it is still trapped inside the same messy range with bearish TBO, volume, and OBV pressure. Stablecoin dominance pulled back as $BTC dominance and OTHERS dominance bounced, but the overall message is still patience: rallies can happen, but the macro trend is still doing the heavy lifting. TradFi reacted to another headline-driven relief move, with DXY pulling back, USDJPY nearly retracing the move, and S&P futures, SPX, Nasdaq and $NVDA all bouncing into open TBO close-long setups. That does not make the risk-off pressure disappear. $VIX cooled off, oil dropped hard, and metals bounced, but gold, silver, platinum and copper are still flashing reversal or breakdown warnings. Uranium was one of the cleaner short-term bounce setups after the oversold dip and bullish RSI reset, with the fast line as the first target. The alt watchlist is still split between insane runners and bear-market discipline. $VELVET, $XMR, $ATOM, $CRV, $COAI, $BEAT, $DEXE, $KAS and $LAB all had different versions of explosive bounce or runner behavior, but most of them are stretched, overbought, at resistance, or better suited for spot-only setups than leverage. The big lesson today: the macro trend wins in the end. You can cheer other people on, take partial profits, and still be completely fine sitting out when charts are moving too far too fast. CHAPTER MARKERS 00:00 BTC bounce into resistance 01:04 ETH, TOTALES and stablecoin dominance 03:06 TradFi volatility, DXY and USDJPY 06:45 S&P futures, SPX, Nasdaq, NVDA and VIX 08:24 Oil, Nikkei, Shanghai and metals 09:37 Gold, silver, platinum and copper 12:10 Uranium bounce setup 12:59 TBO, journal, club and trading mindset 17:40 My picks: VELVET, XMR, ATOM, CRV and COAI 22:46 BEAT, DEXE, KAS and LAB runner discipline 26:32 Bearish updates: TRX, ZEC, CAKE, HYPE and more 30:51 Watchlist risk notes and market discipline 44:22 SUI deep dive preview and wrap-up
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Don't fear a drop below $4,000, gold's bull market isn't broken - Thorsten Polleit (Kitco News) - Despite significant selling pressure, the #gold market has managed to hold critical long-term support above $4,000 an ounce. However, even if this support level fails, one market analyst said that current prices represent a good buying opportunity to build a long-term position. In an interview with Kitco News, Thorsten Polliet @ThorstenPolleit, Honorary Professor of Economics at the University of Bayreuth and publisher of the BOOM & BUST REPORT, said that even if gold prices continue to drop, the long-term bull trend remains unbroken. ...
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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
39% Higher
49% Lower
13% Sideways
70 votes • Final results
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Here's Who's Coming Up on Kitco News: Ronald-Peter Stöferle @RonStoeferle , Managing Partner, Incrementum AG , speaks with Jeremy Szafron @JeremySzafron. Hitting the channel soon! Watch it here: youtube.com/@kitco
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Here's Who's Coming Up on Kitco News: Michael Oliver, speaks with Jeremy Szafron @JeremySzafron. Hitting the channel soon! Watch it here: youtube.com/@kitco
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The market is convinced the AI boom is deflationary. They are completely missing the physical cost of the build-out. @TaviCosta explains why the AI infrastructure scramble is actually a massive inflation trap. Watch the full breakdown on @KitcoNewsNOW
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Gold steadies, silver slips as oil rises on Iran uncertainty - Kitco PM Report Spot #gold prices are near steady and spot silver prices are lower after the close Tuesday, as a stronger U.S. dollar and firmer crude #oil offset support from lower Treasury yields. At the time of writing, spot gold was trading near $4,488.30 an ounce, up 0.07%, while spot #silver was trading near $75.195, up 0.44% on the session. April job openings rose to 7.6 million from 6.9 million in March, the highest reading since May 2024 and above the 6.8 million consensus. Layoffs fell, quits declined and gross hiring also dropped, leaving a mixed labor-market signal before Friday’s May jobs report. The print supports the view that labor demand has not cracked, but softer quits and hiring point to a cautious employer and worker backdrop. ...
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