Gold Prices Holding Gains Ahead Of FOMC Week
(Kitco News) – Gold prices are once again starting the week holding on to near-term strength, hovering just below the $1,300 area.
Read moreGoldman Sachs See Short-Term Strength In Gold, Remains Long-Term Bearish
(Kitco News) – Gold’s strong performance since the start of the year has caused Goldman Sachs to revise its short-term forecast but the bank still remains bearish on the yellow metal in the long-term, according to their latest commodities report.
Analysts Look For Gold To Consolidate Next Week Ahead Of FOMC Meeting
(Kitco News) – Gold prices have ended another week with gains, but according to some analysts, a rally next week could be limited as more attention is focused on the Federal Reserve and the U.S. economy.
World Bank: Gold Prices To Head Lower In 2015, Find Support In ECB’s QE
Despite gold’s strength so far this year, the World Bank said it expects prices to see moderate declines in 2015.
How Best To Tackle Inequality & Create More Jobs – Davos Conference
According to the latest World Economic Forum press release, the International Monetary Fund said now is the time to redirect trillions of dollars worth of energy subsidies worldwide, especially given lower oil prices, towards job creation and education.
Read moreINTL FCStone: Greek Vote May Hurt Euro & Boost Gold
As markets await the Greek vote on Sunday, INTL FCStone says they are not making any changes to their short-term bullish stance on gold. “In terms of our outlook, the next ‘shoe to drop’ as far as the markets are concerned are the Greek elections taking place this weekend. At this point, the polls show the opposition Syriza party widening its lead to about 6% over the governing conservatives,” they say in a report on Friday. “Assuming they get in, we suspect that the Euro will likely open weaker again on Monday, helping gold in the process.” They add that they see the potential of more economic uncertainty and positive chart patterns, which provides a “constructive backdrop for further gains in gold.” The report notes that $1,320 and $1,350 an ounce price tag on gold are both “achievable upside targets” for the metal.
Alamos FY 2014 Gold Production, 2015 Guidance Disappoints – CIBC
Alamos Gold Inc.’s (TSX:AGI)(NYSE:AGI) 2014 production totals of 140,500 ounces of gold, which were below company guidance of 150,000 to 170,000 ounces of gold, and their 2015 production guidance of 150,000 to 170,000 ounces, at all-in sustaining costs of $1,100 per ounce, are both underwhelming, according to analysts at CIBC.
Analysts Mixed On Impact Greek Vote Will Have On Gold
(Kitco News) – According to analysts, all eyes will be on Europe this weekend as Greek citizens elect a new government on Sunday, which is creating some doubt regarding the European Union’s future.
ECB Did The Right Thing: Gartman
(Kitco News) – The decision by the European Central Bank (ECB) to launch a €60 billion per month quantitative easing package in Europe is a ‘landmark decision’ and ‘proper’, according to Dennis Gartman, famed economist and editor of the Gartman letter.
Gold Extends Losses as Profit Taking, Technical Correction Featured Heading Into Weekend
Gold prices have added to early losses to trade solidly lower in late-morning dealings Friday. Some more profit taking in the futures market and a corrective technical pullback from recent gains are evident in gold.
The strong rally in the U.S. dollar…
