Gold Futures End Four-Week Losing Streak, Analysts See $1,200 Holding Next Week
An early morning rally following a drop in fourth-quarter GDP growth, and disappointing manufacturing data from the Chicago region, helped gold prices end the week in positive territory, capping a four-week losing streak, according to some analysts.
Read moreWorld’s Largest Mining Conference On Deck; What Are You Doing?
Oh hi, didn’t see you there.
Nonsense. I lied.
Gold Pushes Moderately Higher on Short Covering, Bargain Hunting, Bullish Outside Markets
Gold prices rallied to their daily highs in late-morning trading Friday. The metal was lifted to moderate gains on some short covering and bargain hunting, much of which was likely prompted by the key “outside markets”
being in a bullish posture for t…
BAML: Gold Market Is Stabilizing
Despite downside risks to the gold market, analysts at Bank of America Merrill Lynch remain optimistic that prices will continue to stabilize this year.
Read moreAgnico Eagle Has A Strong Week
(Kitco News) – The precious metals earnings blitz has calmed, and it was a bit of a mixed bag. Analysts, and journalists alike, openly wondered whether having all results bunched together is a cruel joke. I’m convinced it is.
U.S. Pending Home Sales Rise 1.7% In January
(Kitco News) – The number of consumers who started the process of buying a home increased in January, reversing some of the weakness in December, according to the latest data from the National Association of Realtors (NAR).
Read moreCorrection: Chicago PMI Fall To 45.6 In February
(Kitco News) – The headline index for the Chicago Business Barometer, widely known as the Chicago Purchasing Managers Index, fell by 13.6 points in February to a reading of 45.8, according to a report released Friday.
Read moreGold Hovers Near Steady; U.S. GDP Data a Non-Event
Gold prices are not straying far from unchanged levels in early U.S. trading Friday.
Read morePreliminary U.S. GDP Rises 2.2% In The Fourth Quarter
(Kitco News) -In line with expectations, the U.S. economy lost more momentum in the final three months of 2014, according to the Department of Commerce’s preliminary gross domestic product data.
