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Gold Gains, But Bulls Face Key Resistance Hurdles

(Kitco News) – Gold futures are climbing higher in early Monday action, boosted by a renewed bout of fears regarding Greece’s future within the eurozone.

The short-term, intraday technical pattern is weak for gold and unless gold bulls can surmount resistance in the $1,195-$1,197 zone the hourly trend pattern will remains a bearish weight on the yellow metal. See Figure 1 below.

Gold Rebounds on Short Covering, Bargain Hunting, Some Safe-Haven Demand

Explaining The Irrationality In Today’s Gold Prices

Gold Outlook Remains Uncertain Ahead of Fed Meeting And Weak Q1 GDP – Analysts

Unable to recover from strong selling mid-week, gold prices are ending Friday at its lowest point since mid-March; with the Federal Reserve expected to be tight-lipped next week, analysts are uncertain if prices will be able to bounce higher in the ne…

Main Street Bearish On Gold Next Week, Wall Street Undecided

After gold prices hit a five-week low Friday, a clear majority of Kitco readers expect to see more weakness next week, while market experts are split down the middle.

Newmont Posts Higher Q1 Profit; Project Pipeline Poised For Growth

(Kitco News) – Newmont Mining Co. (NYSE:NEM) put together another solid quarter as the company boosted year-on-year profit and set measured production growth from their production pipeline.

Rough Week For Mining Stocks; Lots Of Losses

(Kitco News) – A slow news week and selective data points, which the gold market decided to react to, was matched with a pretty dismal week for mining stocks.

U.S. Durable Goods Orders Rise 4.0%, Core Goods Falls 0.2% In March

(Kitco News) – Despite a surging U.S. dollar, the nation’s manufacturing sector found some momentum in the transportation sector in March, according to positive durable goods orders data from the Department of Commerce Friday.

Gold Under Pressure from the Technical Sellers

Gold prices are moderately lower in early U.S. trading Friday.

The 6PM Recap With Gary Wagner: Gold Bounces On Near 1% Drop In Dollar

The U.S. dollar fell against a basket of world currencies as news from Europe prompted some analysts to guess that the Greek debt crisis will be resolved within the framework of the union. The dollar also dipped close to 1% on a bump in weekly unempl…