Modest Bounce for Gold as Greenback Backs Off
Gold is firmer in early U.S. trading Tuesday, on a short-covering and bargain-hunting rebound from recent selling pressure.
Read moreThe 6PM Recap With Gary Wagner: The Phantom Of Interest-Rate Ideology Challenges Gold
We live in a world of Goldilocks data reports. Not too hot, not too cold, not quite “just right.” From our point of view, the economy is still lagging. (The key reason is lack of wage growth, which is breeding fear and resentment among American breadwinners.) This is a week during which we will be seeing many, many reports released that will give us a fairly firm idea of how the U.S. second quarter will shape up.
Gold Ends Near Steady; Morning Gains Can’t Be Held
Gold prices ended the U.S. day session near steady Monday, and gave back morning gains that saw prices poke above $1,200.00.
Read moreSilver Helps Precious Metals Outperform Other Commodity Sectors – Capital Economics
Read moreCFTC Data Shows Money Managers Take Profits In Gold After Short-Term Rally
Money managers appeared to square their gold investments, exiting their long positions and increasing their short bets on the yellow metal, according to the latest data from the Commodity Futures Trading Commission (CFTC).
Read moreGold Forms Bullish Outside Day, Watch Dow Theory Divergence
Gold prices surged higher in mid morning action Monday, fueled by unconfirmed rumors that Greece and its IMF/EU creditors have reached a debt restructuring deal.
Read moreISM Manufacturing Index Rises to 52.8% In May
(Kitco News) – U.S. manufacturing once again managed to remain in expansion territory in May, beating expectations, according to the latest data from the Institute for Supply Management (ISM).
Read moreGold Rallies as U.S. Dollar Index Backs Down, Rumors Circulate
Gold prices are posting decent gains and poked back above the key $1.200.00 level in morning trading Monday, after trading below unchanged in earlier dealings
Read moreBig Week for Economic Data
Kitco News – Good morning this is the open with Jim Wyckoff. Gold and silver prices are weaker early this morning, once again Pressured by a stronger U.S. dollar index. Reports overnight said weekend meetings between Greece and its European Union/International Monetary Fund creditors produced no agreement on a Greek debt-restructuring package, but progress was made.
