3 gold stocks to watch ahead of inflation data

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 37 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 119%
  • Publisher: 78%

Kitco News Nouvelles

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

The Personal Consumption Expenditures Price Index -- also known as the Federal Reserve's preferred inflation gauge -- for June is due out later this week. Investors will be eyeing the data for insight into the central bank's timeline of interest rate decisions, with many still hoping for at least one rate cut this year. Some officials are hesitant, however, as inflation remains high.

GOLD is up 0.6% to trade at $16.70 at last check, after bouncing off long-term support at the $16 level. The security isn't too far off from its April 12, 52-week high of $18.94, despite recent pressure at the $17 region. In the past nine months, the stock added 14.2%. NEM is down 1.2% to trade at $41.40 at last check. The security has been trading above the 20-day moving average -- which is ready to contain today's losses -- since late March, after gapping to a Feb. 28, roughly six-year low of $29.43. NEM is flat for the year and in the last 12 months.Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 13. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Bitcoin below $60k as Fed concerns, ETF outflows drag the market lowerThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »

Nasdaq futures rise as Nvidia stabilizes after AI stocks routThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »