Bitcoin’s Weak Longs Puke Thursday; Line is Drawn
(Kitco News) – The weak-handed longs in the Bitcoin futures and cash markets got their head handed to them Thursday, as prices plummeted nearly $3,000, or over 25% from this week’s high of $13,915, basis June futures.
Read moreNormal Downside Correction Continues For Gold
(Kitco News) – Gold prices are again weaker in midday U.S. trading Thursday, on continued profit taking from the shorter-term futures traders, and on normal and even healthy chart consolidation after hitting a six-year high of $1,442.90 in August futur…
Read moreFactors Driving Gold Higher Remain In Place – World Gold Council
(Kitco News) -The gold market is seeing its second day of selling after hitting a six-year high, but there are still fundamental reasons to support the current gold price, according to the World Gold Council (WGC).
Read moreBMO: Macro Backdrop To Keep Gold In Higher Range; $1,380 Forecast For 3Q
(Kitco News) – BMO Capital Markets says the current macroeconomic backdrop is favorable for gold, although market participants have largely already factored in the most favorable development – likely interest-rate cuts in the U.S.
Gold Prices Unchanged Following In-Line Rise In Pending Home Sales
(Kitco News) -Gold prices continue to struggle to regain its momentum, but positive economic data from the housing sector having little impact on the precious metal as more consumers start the home-buying process, according to the latest data from the National Association of Realtors (NAR).
FXTM: ‘Gold Is Shielded From Downside Shocks’
(Kitco News) – Gold has given up some of its recent strength but the downside remains supported by rate-cut expectations and trade worries, said Lukman Otunuga, research analyst at FXTM.
Read moreGold Remains Softer After U.S. Jobless Claims Rise 10,000 To 227,000
(Kitco News) – Gold remained modestly softer after Labor Department data Thursday showed that initial weekly U.S. jobless claims rose by 10,000 to a seasonally adjusted 227,000 in the week to Saturday. Spot gold was last down $3.40 to $1,405.20 an ounce.
Read moreGold Market Ignores In-Line Rise In U.S. Q1 GDP
(Kitco News) – The gold market is holding on to $1,400 but is down on the day, after U.S. economy continued to showe resilient strength during the first three month of the year.
Read moreWhere Is Gold Headed Next Week? VOTE NOW!
(Kitco News) – It is now time to have your say in where you think gold prices are heading in the short-term.
Read moreGold Prices Down On More Chart Consolidation
(Kitco News) – Gold prices are lower in early U.S. trading Thursday on some more normal profit taking from the shorter-term futures traders, and on chart consolidation after hitting a six-year high of $1,442.90 in August futures on Tuesday.
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