Gold: $1,244.801.80 Silver: $16.350.05

Gold Steady As Market Pauses After Recent Gains

Gold prices were ending the U.S. day session near unchanged Wednesday, as the market steadied and saw some chart consolidation after posting recent good gains that put prices at a three-week high Tuesday. August Comex gold was last down $0.40 an ounce at $1,241.50. September Comex silver was last up $0.022 at $16.29 an ounce. The gold bulls are […]

RICKARDS: “NO HIKES IN FORESEEABLE FUTURE” – GOLDEN DRIVER?

The Fed Has Hit the ‘Pause’ Button Last week the Fed raised the white flag on further rate hikes. There won’t be any for the foreseeable future. No rate hikes are coming at the July, September or November Fed FOMC meetings. The earliest rate hike might be at the December 13, 2017 FOMC meeting, but […]

Gold at 2-wk high as cloudy U.S. rate hike outlook drags on dollar

Spot gold faces resistance at $1,239/oz-technical Silver hits highest in two weeks Platinum off one-month high touched in previous session BENGALURU, July 18 (Reuters) – Gold prices rose to a two-week high on Tuesday as the dollar dipped to multi-month lows amid fading prospects of further rate hikes by the U.S. Federal Reserve this year […]

Paper Shorts Capitulating As Gold Holds Near Two-Week High

Gold prices ended the U.S. day session moderately higher and hit a two-week high Monday. Gold and silver have recently seen the futures traders who were sold short those markets getting very nervous and exiting those short positions (short covering). The precious metals market bulls are also seeing renewed buying support from a weakening U.S. […]

Gold Looking “Impressive” Says Market Watcher Dennis Gartman

Gold is getting a reprieve from a weaker U.S. dollar, which hit a 10-month low overnight, following Friday’s lackluster economic data, said market watcher Dennis Gartman. “It is reasonably impressive that gold is trading better even as the grains are weak, but perhaps the real strength is because the dollar is generally…weaker and that shall […]

Fed Is Living In A Dream World; Look To Buy Gold On Dips – Tocqueville

Investors should have used gold’s month-long pullback, culminating in a four-month low as a buying opportunity, according to one major precious metals portfolio manager. John Hathaway, senior portfolio manager at Tocqueville Asset Management, was fairly critical of positive sentiment surrounding further U.S. economic growth, which has led to complacency in financial markets, resulting overvalued equity […]

Gold Climbs After Yellen Testimony Hints At Limited Further Rate Hikes

Gold futures climbed after Federal Reserve Chair Janet Yellen suggested early Wednesday the U.S. economy remains strong enough for more rate hikes but also said they may not have to rise much more, traders said. The Fed chief’s remarks were in prepared testimony delivered ahead of an appearance before the House Financial Services Committee, scheduled […]

This chart shows that gold is now at a ‘treacherous’ level

  Gold sinks to 4-month low    Friday, 7 Jul 2017 | 2:45 PM ET | 02:07 Gold futures have tumbled their way down to a key level, according to Miller Tabak equity strategist Matt Maley. Gold was trading at $1,207.60 on Monday. Three days earlier, gold fell as low as $1,206.60 per troy ounce, its […]

Saxo Bank Bullish On Gold In Q3, Sees $1,325 As Year-End Range

In its Q3 outlook, Danish Saxo Bank maintained a “bullish” outlook for gold, adding that the U.S. Federal Reserve might be too optimistic on rate hikes, while the stock market could face a long-overdue correction. “We maintain a bullish outlook for gold in the belief that the risk to the US economy is currently skewed […]

This is What Gold Needs To Move Higher – Bloomberg Intelligence

Gold prices continue to fall under pressure, hitting a seven-week low Friday following the release of upbeat U.S. employment data, and one analyst says the metal is just waiting on volatility to pick up. “Bound to $1,200-$1,300 an ounce since February, a key factor that should facilitate higher gold prices is some mean reversion in […]

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