Kitco News

Kitco News is a financial news website that covers gold prices and other precious metals markets. The site provides real-time news updates, analysis, and commentary on the latest developments in the global financial markets. It also offers tools for investors to track prices and make informed decisions. While there are some contradictions and deceptive practices present in the articles, they are not major issues. The site has a slight bias towards reporting financial news with minimal personal opinions.

82%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

85%

Examples:

  • The site has a slight bias towards reporting financial news with minimal personal opinions.

Conflicts of Interest

98%

Examples:

  • The site frequently covers news related to financial markets and investments, which could potentially create conflicts of interest. However, there is no evidence of any actual conflicts being present.

Contradictions

60%

Examples:

  • There are some contradictions in the reports regarding economic data and market predictions, but they are not major inconsistencies.

Deceptions

60%

Examples:

  • There are some instances where the site provides inaccurate or misleading information, but they are not major deceptions.

Recent Articles

  • Gold Prices Soar: Federal Reserve Rate Cuts, Central Bank Demand, and Geopolitical Tensions Drive Record-Breaking Gold Prices

    Gold Prices Soar: Federal Reserve Rate Cuts, Central Bank Demand, and Geopolitical Tensions Drive Record-Breaking Gold Prices

    Broke On: Wednesday, 17 July 2024 Gold prices hit record highs due to Federal Reserve rate cut expectations, increased central bank demand, strong consumer appetite in China, and heightened geopolitical tensions. The precious metal surged nearly 20% this year with further increases predicted as traders anticipate two or more interest rate reductions from the Federal Reserve.
  • Tech Giants Nvidia, Alphabet, and Apple See Remarkable Growth Amidst Economic Concerns and Market Volatility

    Tech Giants Nvidia, Alphabet, and Apple See Remarkable Growth Amidst Economic Concerns and Market Volatility

    Broke On: Wednesday, 12 June 2024 Recent stock market gains in companies like Nvidia, Alphabet Inc., and Apple may not be sustainable due to factors such as overbought stock status and broader economic concerns including increased unemployment and market volatility. Investors are advised to approach these stocks cautiously and consider diversifying their portfolios.
  • Existing Home Sales Decline 1.9% in April Amidst Rising Mortgage Rates and Limited Inventory: Prices Reach Record High of $407,600

    Existing Home Sales Decline 1.9% in April Amidst Rising Mortgage Rates and Limited Inventory: Prices Reach Record High of $407,600

    Broke On: Wednesday, 22 May 2024 Existing home sales dropped 1.9% in April to a seasonally adjusted annual rate of 4.14 million units, despite a 9% increase in inventory and record-high median home prices of $407,600. First-time buyers made up 33% of sales, while all-cash transactions remained high at 28%. The Northeast, Midwest, South, and West regions all experienced decreases in sales but rising prices. The market is stabilizing with more inventory available but remains competitive for potential homebuyers.
  • Gold Prices: Central Banks Boost Demand Amid Volatility and Economic Uncertainty

    Gold Prices: Central Banks Boost Demand Amid Volatility and Economic Uncertainty

    Broke On: Friday, 03 May 2024 Central banks' gold purchases and the Federal Reserve's interest rate hold boosted gold prices above $2,300, but profit-taking and easing tensions led to a correction. Key drivers of demand include central banks and Asian household spending. Goldman Sachas expects prices to reach $2,700 by year-end despite volatility from economic data and geopolitical events.
  • BHP Offers $39 Billion for Anglo American: A Game-Changing Deal in the Mining Industry

    BHP Offers $39 Billion for Anglo American: A Game-Changing Deal in the Mining Industry

    Broke On: Monday, 29 April 2024 BHP Group makes unsolicited $39 billion offer for Anglo American, aiming to gain access to its coveted copper assets amidst rising inflation concerns and potential industry disruption. The deal could result in BHP producing 730-790 kt of copper annually from Chile and Peru.
  • Gold Prices Drop 2.5% as Middle East Tensions Ease and Haven Demand Wanes

    Gold Prices Drop 2.5% as Middle East Tensions Ease and Haven Demand Wanes

    Broke On: Monday, 22 April 2024 Gold prices dropped by up to 2.5% on April 22, 2024, as geopolitical tensions in the Middle East eased and demand for the precious metal waned. Despite a five-week rally and an about 13% year-to-date increase, gold was last down $57.50 at $2,356.20 an ounce due to US economic data focus and easing war risks.
  • Unchanged Consumer Sentiment in the US for Four Months, Inflation Expectations Rise

    Unchanged Consumer Sentiment in the US for Four Months, Inflation Expectations Rise

    Broke On: Friday, 12 April 2024 The University of Michigan's Surveys of Consumers showed that consumer sentiment in the US has remained stable for four months, despite a slight increase in inflation expectations. The survey also revealed higher retail price expectations and rising gold prices as a safe-haven bid. However, some analysts argue that inflation expectations are not alarming and reflect recent volatility in economic data.
  • Gold Prices on Rollercoaster Ride with Material Short Squeeze Possibility, According to Top Markets Solutions Ltd.

    Gold Prices on Rollercoaster Ride with Material Short Squeeze Possibility, According to Top Markets Solutions Ltd.

    Broke On: Tuesday, 13 February 2024 Gold prices have experienced a significant short squeeze, according to Top Markets Solutions Ltd. This private limited company registered in Cyprus is licensed by the CySEC and provides information for investment purposes only.

  • Polish Central Bank Increases Gold Reserves in Line with Covert EU Plan

    Broke On: Monday, 04 December 2023 Poland's central bank has been buying gold to align its gold to GDP ratio with the average in the eurozone. Poland currently holds 334 tonnes of gold, which is nearly 3% of its GDP, but it would need to reach 4% to be on par with its eurozone partners. Analyst Jan Nieuwenhuijs at Gainesville Coins reveals that there are secret agreements between nations in the eurozone to align gold reserves relative to GDP.