Latest News

Gold Sees Short-Covering, Bargain Hunting Rebound Monday

Gold prices ended a quieter U.S. day session with modest gains Monday, on some short covering in the futures market and some bargain hunting in the cash, after prices dropped to a 2.5-month low last Friday.

Ireland, South Britain Had A Prehistoric Gold Trade Research Shows

(Kitco News) – Researchers from Southampton University of and the University of Bristol have discovered evidence that gold was shipped from south-west Britain to Ireland for trade in prehistoric times.

Speculators Increase Gold Short Bets, Exit Silver Long – CFTC

(Kitco News) – Hedge funds and traders increased their short bets in the gold market for the second consecutive week, overwhelming the gold buyers, according to the latest data from the CFTC.

Gold Might Have To Fall Below $1,150 Before EM Demand Picks Up – HSBC

As markets digest Friday’s stronger than expected U.S. employment data, Barclays’ analysts say they expect more downside pressure for gold.

Gold Develops Minor Short Term Bottom

Gold is consolidating at modestly firmer levels on Monday. A minor bottom has formed on the intraday charts, which could act as a short-term floor. The larger trend on a multi-month basis remains neutral within a very large range.

Quieter Markets On A Summertime Monday

Gold and silver prices are firmer on some short covering following Last week’s selling pressure that drove prices to multi-week lows.

Gold Market Monitoring Greece, Dollar, But Remains Vulnerable —Analysts

Gold prices tumbled to a lower close Friday, marking the third daily session in a row of losses.

Main Street Strongly Bearish On Gold Next Week, Wall Street Mildly

Gold’s inability to hold earlier gains above $1,200 an ounce and a stronger than expected employment report is creating some strong pessimism in the marketplace as a strong majority of regular investors see lower prices next week.

Metals Heading Lower This Month, As Early As Next Week – INTL FCStone

Gold Weaker, Hits 2.5-Mo. Low, Following Upbeat U.S. Jobs Report

A stronger-than-expected U.S. jobs report for May put modest downside price pressure on the gold market Friday morning, and the metal fell to a fresh 2.5-month low.