Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...

Gold investors moved to take profits Tuesday, prompting a quick decline in the precious metal’s value. Gold (GC=F) futures opened at $4,137 per ounce on Wednesday, up 1.2% from Tuesday’s close of $4,087.70. Gold’s value declined 5.7% in trading on Oct. 21. The government shutdown, new tariff announcements, and ongoing trade tensions between the U.S. and China contributed to gold’s steeper trajectory since the middle of August. However, the government shutdown paused the weekly Commitments of Traders repo ...

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