Gold prices continue to struggle as US new home sales rose 0.6% in June
(Kitco News) – The gold market remains unable to attract any new safe-haven momentum even as the U.S. housing sector continues to struggle, as fewer consumers buy new homes.
Read moreSpot gold trades at $3,366/oz as U.S. flash S&P PMI shows strength in services, contraction in manufacturing
(Kitco News) – The gold market is holding above its earlier lows after the latest U.S. data showed growing momentum in the service sector but further weakening in manufacturing.S&P Global reported on Thursday that its flash Purchasing Managers Index (PMI) for the service sector rose to 55.2 in July, up from June’s reading of 52.9. Activity in the service sector was above expectations, as economists had forecasted a reading of 53.
Read moreGold prices rise off session lows after U.S. weekly jobless claims drop to 217k
(Kitco News) – Gold prices rose from session lows following the release of better-than-expected labor market data after the number of Americans filing new claims for unemployment benefits was below economists’ forecasts.
Read moreGold sees weak price action against euro as ECB leaves interest rates unchanged
(Kitco News) – The gold market continues to consolidate within the broader global currency landscape, as it has been unable to hold gains above key resistance levels against both the euro and the U.S. dollar.
Read moreGold price down on profit taking, weak long liquidation as risk appetite improves
(Kitco News) – Gold prices are solidly down in early U.S. trading Thursday, on profit-taking from the shorter-term futures traders and on weak long liquidation
Read moreBitcoin July 24 daily chart alert – Sideways summertime trading
(Kitco News) – Thursday, July 24—July bitcoin futures prices are near steady in quieter summertime trading Thursday. A price uptrend has stalled out amid the recent sideways trading.
Read moreGold market analysis for July 24 – key intra-day price entry levels for active traders
(Kitco News) – This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
Read moreMiddle East gold trading soars as DGCX hits 1 million contracts in H1
(Kitco News) – North American investment demand remains a dominant force for gold, but the precious metal continues to establish its credentials as an important global monetary asset and risk hedge.
Read moreMove over, central banks: Sovereign wealth funds are also buying tonnes of gold
(Kitco News) – Gold is once again at the center of global financial strategy—not just for central banks, but for sovereign wealth funds looking to hedge risks and preserve value.
Read moreGold sees heavy profit taking after hitting 5-week high overnight
(Kitco News) – Gold prices are sharply lower near midday Wednesday, on solid profit taking after hitting a five-week high overnight.
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