Kitco News

Gold prices are modestly higher in early U.S. trading Friday, and have rallied a bit after pulling back just slightly following a much-stronger than expected headline number coming from the just-released U.S. employment report.

(Kitco News) – The gold market is seeing some selling pressure Friday after the U.S. labor market showed strong growth in January, according to the latest government employment data.

The amount of gold and silver transferred between accounts of London Bullion Market Association members rose sharply from November to December, the organization reported Friday.

The recent silver rally will continue with “a wave of fresh buying,” pushing prices higher in the first half of the year, according to one analyst.

Can this be a turnaround year for silver?

(Kitco News) -Central banks’ renewed appetite for gold is here to stay as official purchases are expected to provide a solid long-term base for the gold market, according to one executive at the World Gold Council (WGC).

(Kitco News) – A “patient” Federal Reserve has unleashed new momentum within the gold market and one analyst says focus on the government debt will be another catalyst to drive gold prices higher.

Gold and silver prices are holding most of Wednesday afternoon’s and this morning’s solid gains, but have backed down a bit at midday Thursday as the U.S. dollar index has pushed higher and to its daily high.

Gold prices are moderately up and have hit a new session high and nearly eight-month high in late-morning trading Thursday.