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Gold Hits New Record as ECB Cuts Rates and U.S. Retail Sales Surge - Kitco News

Jeremy Szafron, Anchor at Kitco News, broke down the latest market updates, including the European Central Bank’s decision to cut rates for the third time this year, gold futures hitting record highs, and mixed signals from U.S. jobless claims data. Szafron also covered the downturn in Chinese stocks following underwhelming economic stimulus, while highlighting Hong Kong’s move to become a global hub for gold trading. Follow Jeremy Szafron on X: @JeremySzafron (  / jeremyszafron  ) Follow Kitco News on X: @KitcoNewsNOW (  / kitconewsnow  ) 0:00 - Gold & ECB Cuts Rates 0:52 - US Jobless Claims Drop 1:40 - US Retail Sales Surge 2:35 - Philly Fed Manufacturing Data 3:20 - Chinese Stocks in Correction 4:10 - Gold Futures Steady, Silver Outperforms 5:15 - Hong Kong Aims to Be Global Gold Hub #GoldFutures #GoldPrices #ECBrateCut #USJoblessClaims #RetailSales #ChinaStocks #SilverDemand #HongKongGoldHub #MarketCorrection #UraniumPrices #Commodities #EconomicSlowdown #PreciousMetals #Inflation #KitcoNews #JeremySzafron #GlobalMarkets #InvestmentNews #FinancialNews __________________________________________________________________ Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news. SUBSCRIBE to our channel to stay up to date on the latest market and industry news. For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com Stay connected: Twitter -   / kitconewsnow   Instagram -   / kitconews   Facebook -   / kitconews   LinkedIn -   / kitconews   StockTwits - https://stocktwits.com/kitconews Live gold price and chart: https://www.kitco.com/gold-price-toda... Live silver price and chart: https://www.kitco.com/Silver-price-to... Live crypto market data: https://www.kitco.com/price/crypto/ Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.