Father And Son Spelunkers Find 2,000 Year Old Coins In Northern Israel
For the second time in as many months, a collection of ancient coins has been discovered in Israel.
Read moreBust in Raw Commodity Cycle Will Turn into Boom; Better Times for Gold Ahead
(Kitco News) – The gold market is presently suffering a serious mauling from the bears—both from technical and fundamental perspectives. Prices on Tuesday notched a 3.5-month low and downtrends are firmly in place on the shorter-term and longer-term charts. The surging U.S. dollar and the likely tightening of U.S. monetary policy in the coming months are headline news events keeping gold buyers wary.
Gold Weaker, At 3.5-Mo. Low, As U.S. Dollar Continues Upside Assault
(Kitco News) – Gold prices are modestly lower and hit a 3.5-month low in early U.S. trading Tuesday. Sharp gains in the U.S. dollar index, which hit an 11.5-year high overnight, continue to be a bearish anchor for the precious metals markets
The 6PM Recap with Gary Wagner: Gold Slightly Off To Steady On Reassessment
The dollar eased a bit today before it firmed somewhat, helping gold
Read moreGold Below $1,200 May Be What’s Needed, UBS Lowers Short-Term Forecast
(Kitco News) – As gold prices struggle to gain momentum following Friday’s strong U.S. employment data, the metal is expected to consolidate further, and hanging below $1,200/oz may just be what it needs to recover, said analysts at UBS.
Gold Firmer on Tepid Upside Correction Following Heavy Losses Friday
(Kitco News) – Gold prices ended the U.S. day session slightly higher Monday, on a weak short-covering rebound and technical correction following Friday’s big losses that saw the market drop to a 13-week low.
Speculators Shed Long Gold Futures For Fifth Straight Week – CFTC
(Kitco News) – The latest data from the Commodities Futures Trading Commission (CFTC) showed speculative long gold positions declining for the fifth straight week as markets prices in a Federal Reserve interest rate hike by September.
Read moreSilver Needs To Break $16.10 Before Serious Short Covering – TD Securities
As investors see a “lackluster” trading day, gold’s main objective is to close the week closer to key resistance levels, while silver needs to break through $16.10/oz to holds its ground, says TD Securities.
Is The Gold Rally A Dead Cat Bounce?
(Kitco News) – Gold prices gained overnight in Europe and are climbing in early New York trading Monday boosted by fresh reports of financial troubles out of Greece. Gold is being supported by safe-haven buying flows as investors weigh the possibility of a Greek exit from the euro zone.
Gold Up On Corrective Bounce From Friday’s Big Losses
(Kitco News) – Gold prices are moderately higher in early U.S. trading Monday, on a short-covering rebound and technical correction following Friday’s large losses that saw the market drop to a 13-week low.
