Technicals, U.S. Dollar To Drive Gold As Analysts Turn Bullish
(Kitco News) – With little economic data to be released next week, commodity analysts say that they will be watching the U.S. dollar and technical charts to see if gold can create any sustainable momentum.
Wall Street And Main Street Both See Higher Gold Prices Next Week
With the U.S. dollar looking “toppy” and gold close to ending the week above $1,200 an ounce most people in the new Kitco News Weekly Gold Survey agree that prices should move higher next week.
McEwen Mining Sees Higher Q1 Gold Production, Lower Silver Production
McEwen Mining Inc. (TSX:MUX)(NYSE:MUX) produced 24,696 ounces of gold during the first quarter of 2015, a year-on-year rise of 23%, while silver production declined 10% year-on-year to 655,339 ounces.
Read moreWhat Were The Big Movements In Mining Stocks This Week?
(Kitco News) – After a rough start to the week, gold prices recovered nicely following some dismal U.S. economic data and a pullback in the U.S. dollar.
Read moreU.S. CPI Rises 0.2% In March
(Kitco News) – U.S. consumers continued to see rising price pressures in March, adding to modest gains in February, according to the latest data from the Department of Labor.
Read moreGold Firm on Some Safe-Haven Demand and amid Weakening Greenback
Gold prices are modestly higher in early U.S. trading Friday, on some fresh safe-haven demand.
Read moreThe 6PM Recap With Gary Wagner: Mixed Data And Mixed Up Markets
U.S. equities probably executed the best strategy Thursday after a raft of U.S. data appeared yesterday and today. Do little or nothing stock traders seemed to say.The dollar weakened and that helped gold considerably, but investors and traders in the…
Read moreLarge Fed Balance Sheet: How Bad Could It Be? – Ben Bernanke
(Kitco News) – One of the consequences of the 2008 financial crisis was that it forced the Federal Reserve into expanding its balance sheet, and that is not necessarily a bad thing as the central banks prepares to normalize its monetary policy, accord…
Read moreGold Weaker on Technical Selling, But Bullish Outside Markets Limit Pressure
Gold prices ended the U.S. day session modestly lower Thursday. Chart-based selling pressure kicked in during morning dealings, which overtook the bargain hunting and short covering that was seen in overnight trading.
Read moreBernanke To Serve As Senior Adviser At Citadel
NEW YORK (AP) — Former Federal Reserve Chairman Ben Bernanke will serve as a senior adviser to Citadel, the investment firm said Thursday.
