Central banks go for gold, investors still see value in silver, platinum may consolidate after rapid price rise – Heraeus
(Kitco News) – While gold hasn’t been making strong gains since its April highs, sovereign demand is providing plenty of support at these price levels, and while EFT flows show investors see further gains for silver, platinum may have topped out in the near term, according to precious metals analysts at Heraeus.
Read moreGold market analysis for July 7 – 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 moreBitcoin July 7 daily chart alert—bulls have edge in choppy trading
(Kitco News) – Monday, July 7—July bitcoin futures prices are weaker early Monday. Trading has been choppy and sideways recently.
Read morePrice pressure on gold, silver amid better risk appetit
(Kitco News) – Gold and silver prices are lower in early U.S. trading Monday. The safe-haven metals are seeing selling pressure to start the week due to improved trader/investor risk appetite in the general marketplace that pushed the major U.S. stock …
Read moreWall Street on the fence about gold’s direction, Main Street strengthens its bullish bias as debt worries mount
The latest Kitco News Weekly Gold Survey showed industry experts on the fence about gold’s near-term prospects, while retail traders strengthened their bullish bias.
Read moreAffluent investors more than double their gold holdings, 50% look to own gold in the next 12 months – HSBC
(Kitco News) – While central banks have attracted significant attention for their continued appetite for gold, they are not the only buyers in the marketplace. Affluent investors—those with at least $100,000 in assets—are also showing increased interest in the precious metal, according to a study from HSBC.
Read moreSolid employment data dampens gold, but deficit concerns continue to support prices
(Kitco News) – After holding critical support near $3,250 an ounce, the gold market is poised to end a shortened trading week with solid gains. However, according to some analysts, the precious metal still lacks a strong bullish catalyst to break out o…
Read moreSpot gold at $3,333/oz after ISM Services PMI rises to 50.8 in June
(Kitco News) – The U.S. service sector improved on balance last month, with business activity and prices improving while employment worsened, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Thursday morning that its Services Purchasing Managers Index rose to 50.8 in June, up from May’s reading of 49.9. The data was better than expected, as economists were looking for a reading of 50.5.
Read moreGold trading at session lows after U.S. economy created 147K jobs in June
(Kitco News) – The gold market is struggling to find its footing as the U.S. labor market remains robust with the U.S. economy creating more jobs than expected last month.
Read moreGold prices slide to session lows after U.S. weekly jobless claims fall to 233k
(Kitco News) – Gold prices fell to fresh 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.Initial claims for state unemployment benefits came in at seasonally adjusted 233,000 for the week ending June 28, the Labor Department announced on Thursday. The number was better than expectations, as consensus estimates forecasted a reading of 240,000 claims. The previous week’s figure was revised up to 237,000.
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