Wind Spilling From Gold’s Sails As Economy Improves
Fundamentals: Gold has been pressured by a stable Dollar and the 10-year Note yield attempting to reject 2%. Friday’s strong job growth, particularly in the manufacturing sector, is mounting speculation that the U.S economy could be turning a corner, and this has taken the near-term wind out of Gold’s sails.
Wind Spilling From Gold’s Sails As Economy Improves
Fundamentals: Gold has been pressured by a stable Dollar and the 10-year Note yield attempting to reject 2%. Friday’s strong job growth, particularly in the manufacturing sector, is mounting speculation that the U.S economy could be turning a corner, and this has taken the near-term wind out of Gold’s sails.
Pretium Progressing On Mill Upgrades At Brucejack Mine
(Kitco News) – Mill modifications and upgrades required to sustain processing at the increased production rate of 3,800 tonnes per day at Pretium Resources Inc.’s (TSX, NYSE: PVG) Brucejack Mine in British Columbia are progressing on schedule, the company said Tuesday.
Pretium Progressing On Mill Upgrades At Brucejack Mine
(Kitco News) – Mill modifications and upgrades required to sustain processing at the increased production rate of 3,800 tonnes per day at Pretium Resources Inc.’s (TSX, NYSE: PVG) Brucejack Mine in British Columbia are progressing on schedule, the company said Tuesday.
Commerzbank: Gold Prices Decline; ‘We Blame Profit-Taking’
(Kitco News) – Gold prices have fallen back below $1,400 an ounce. “We blame profit-taking for the latest price weakness in the wake of Friday’s U.S. labor-market data,” said Commerzbank.
Global Gold ETF Holdings Skyrocket By 127 Tonnes In June
(Kitco News) – Gold holdings by global exchange-traded funds soared in June, rising by 127 tonnes to 2,548 tonnes, the World Gold Council reported on Tuesday.
Read moreGold Prices Pull Back Amid Resurgent Greenback
(Kitco News) – Gold prices are moderately lower in early U.S. trading Tuesday. The precious metal is feeling the pressure of a solid rebound in the U.S. dollar index, which hit a three-week high today.
Read moreIs Rally Over In Gold?
Everyone wants to know if the rally over in gold and what to expect next.
Read moreBitcoin Daily Chart Alert – Bulls Keeping Uptrend Alive – July 9
(Kitco News) – Bitcoin-U.S. dollar futures prices are firmer Tuesday. Bulls keeping alive a price uptrend on the daily bar chart and have momentum on their side.
Read moreGold’s Next Massive Rally Will See The Metal Head Towards $1,500, Says TD Securities
(Kitco News) – Gold’s rally is temporarily exhausted, and prices are likely to remain range-bound until a new wave of bullish sentiment takes the metal towards the $1,500 level, according to TD Securities.
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