The 6PM Recap With Gary Wagner: Dollar Giving Gold Back Its Luster
After the hubbub over the possibility of an announcement of an interest-rate increase in the previous two weeks, since the March FOMC meeting ended, gold has been the beneficiary of a diving dollar. Couple the sinking dollar – really a dollar returning to sensible levels – with fresh worries about Greece and its status in the European Union, and we have some real momentum in upward gold pricing.
Gold Net Longs Fall To 2013 Levels; Analysts Expect More Short Covering
(Kitco News) – Gold speculators cut their long positions, and increased their short positions, in gold futures for the seventh straight week ending March 17, according to the latest data from the Commodity Futures Trading Commission (CFTC).
Read moreFour Reasons Why USD Should Move Higher – Capital Economics
Although there are those who think the U.S. dollar is poised for a reversal, economists at Capital Economics say some of their arguments may be flawed.
Read moreGold Ends Firmer, at 2-Week High; Weakening U.S. Dollar Bullish for Metals
Gold prices ended the U.S. day session modestly higher and hit a two-week high Monday.
Read moreBullish Outside Week Supports Gold Outlook
(Kitco News) – Nearby Comex gold futures carved out a bullish outside week at last week’s settlement, which is a positive weekly formation and suggests gold bulls are trying to stake out a near term low for the yellow metal.
Blood, Gold and Energy
What will future energy production look like: beautiful gold jewelry that harvests energy from our blood and bodies?
Read moreGold Near Steady to Start Trading Week, But Bulls Have Some Technical Momentum
Gold prices are slightly higher in the cash market and slightly lower in the futures market, amid a quieter start to the trading week Monday.
Read morePerfect Storm For Commodity Prices Is Brewing – Silver Wheaton CEO
(Kitco News) – There’s a storm coming, and it’s not the kind that’s been battering the East Coast all winter.
The 6PM Recap With Gary Wagner: Dollar Fizzle Props Up Gold
Gold is about $6 off its high for the day now in late afternoon trading. Any gain the yellow precious metal has seen for the day is due to a weaker dollar. In fact, without dollar weakness, gold would have been off by about a third of a point, instead…
Read moreWhat Is The Fed’s True Mandate? – Former Fed Board Member
(Kitco News) – With the Federal Open Market Committee (FOMC) policy meeting in the rearview mirror, one former Fed member says the central bank may not be following the mandate it was given by Congress.
Read more