Gold Sees Safe-Haven Demand from Greece, Bond Markets
Gold prices are higher in early U.S. trading Wednesday, on some fresh safe-haven demand from traders and investors.
Read moreThe 6PM Recap With Gary Wagner:Ancient Cultures And The Status Of Gold
Purportedly, Diogenes, a 4th century Greek philosopher of the Cynic school, went about Athens in the daytime with a lighted lamp looking for an honest man. What better place today to start than modern Greece, which apparently cannot find its “honest man” in debt negotiations with the rest of Europe, the IMF and other creditor entities?
Central Banks Will Remain Gold Buyers For The Next Two Years – Capital Economics
(Kitco News) – Central banks have slowed the pace of their gold purchases so far this year, but one commodity researcher at Capital Economics does not expect this trend will last, forecasting that purchases will strengthen within the next two years
Read moreGold Up on Short Covering, Bargain Hunting, and Even Some Safe-Haven Buying
Gold prices ended the U.S. day session moderately higher Tuesday, on some more short covering in the futures market and bargain hunting in the cash.
Read moreGold Didn’t Have A Universal Value In Prehistoric Ages – Researcher
(Kitco News) – The discovery of a prehistoric gold trade route in the British Isles has created some new insights into the yellow metal – one being that it wasn’t always seen as a store of wealth or had intrinsic value.
South African Gold Mining Strike Could Impact Prices and Supply – Commerzbank
What is expected to be difficult negotiations has started among South
African gold producers, the National Union of Mineworkers (NUM), which
represents 57% of South African miners, and the more radical group, the
Association of Mineworkers and Construc…
Gold Up on Short Covering, Bargain Buying
Gold prices are moderately higher in early U.S. trading Tuesday, on some
more short covering and bargain hunting following recent selling pressure that
drove prices to a 2.5-month low last Friday.
Downside Risks Persist But Gold Looks Mildly Bullish – Triland Metals
Although demand has been lackluster for gold, HSBC analysts say they expect it to strengthen if the metal’s price continues to fall.
Downbeat Economic Data From China And The EU
Gold and silver Prices are moderately higher this morning, on some short covering In the futures market and bargain hunting in the cash
Read moreThe 6PM Recap With Gary Wagner: The Best Reason For Buying Gold Right Now Is? None.
A weaker dollar and reluctant buyers in the gold market faced off against one another today. The result is a narrowly higher price in gold.
Read more