Gold Could Still Benefit From ‘Grexit’ – Capital Economics
Although currency analysts from BNP Paribas are bullish on the U.S. dollar, they do not expect to see a rally following Wednesday’s Federal Open Market Committee meeting. “In the press conference Chair Yellen will likely continue to emphasize that rate hikes are likely coming at some point later this year. However, the meeting may not provide a decisive catalyst for the US currency. Our economists note that the FOMC’s projection ‘dots’ are likely to shift in a dovish direction as the more hawkish members acknowledge that tightening will not begin in mid-2015. The Committee and Chair Yellen will also need to explain its decision to leave rates unchanged now and be sure to avoid signaling lift off at the July meeting,” they say.
Vote Now In The Kitco Weekly Gold Survey
(Kitco News) – Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Read moreToday Is Fed Day
(Kitco News) – Gold and silver futures are under modest selling pressure again Wednesday morning, as technicals continue to favor the bears.
As long as the technicals remain near-term bearish, the path of least Resistance for gold and silver prices will remain sideways to lower.
Gold Weaker; FOMC, Yellen Press Conference in Focus
(Kitco News) – Gold prices are again modestly lower in early U.S. trading
Wednesday. The presently bearish near-term technical postures for gold and
silver are keeping buyers on the sidelines.
The 6PM Recap With Gary Wagner: Fed Puts Most Markets In Holding Patterns
Fed Puts Most Markets In Holding Patterns As Gold Stays Range Bound and U.S. Equities Find New Life
Read moreIs Now The Time To Buy Platinum?
Although platinum prices are trading at a six-year low and
the platinum:gold ratio is at its lowest point in two years, some precious
metals analysts think a bottom is close at hand and prices could soon turn
upward.
Gold Weaker; Bears in Technical Control; FOMC Results Awaited
Gold prices ended the U.S. day session modestly lower Tuesday. While some safe-haven demand has limited selling pressure in gold early this week,
Read moreGold Market To Remain Range-Bound Following Conclusion Of FOMC Meeting – Analysts
The gold market is once again testing the lower end of its trading range as the Federal Open Market Committee (FOMC) meeting kicks of day one of its two-day monetary policy meeting.
Read moreJunior Miners, Prospectors Get Thrown A Life Line
The junior mining industry has been cash starved for years, and with capital outflow into the sector lower this year than in previous years, a Quebec-based royalty company introduced an innovative way to help the beleaguered sector.
Read moreBank of China, First Chinese Bank to Join LBMA Gold Price Auction
Next week the Bank of China will be participating in gold’s benchmark electronic auction process, the London Bullion Market Association (LBMA) announced Tuesday.
