Gold Pushes to 4-Week High on Safe-Haven and Technical Buying
Gold prices ended the U.S. day session with solid gains and scored a four-week high Monday. Safe-haven demand was featured amid recent stock market shakiness and lingering worries about the European Union’s economic and financial health. The near-term technical posture for the gold market has also been slowly improving recently. February Comex gold was last up $18.30 at $1,234.50 an ounce. Spot gold was last up $11.00 at $1,235.00. March Comex silver last traded up $0.191 at $16.61 an ounce.
Read moreTriland Metals: Gold Still Need To Break $1,240 To Create New Bull Trend
Gold prices are just off new session highs set late in Monday’s session; however, according to analysts from Triland Metals Limited, there is still some downside risk for the marketplace.
Read moreIvanhoe Mines, Ivanplats Challenge Globe & Mail Platreef Story
Executives from Ivanhoe Mines Ltd. (TSX:IVN) wrote an open letter directed at the Globe & Mail’s Paul Waldie, editor of the Globe & Mail’s Report on Business and Geoffrey York, Africa correspondent with the Globe & Mail, challenging a recent story published January 10.
Read moreCFTC: Money Managers Jumping Back Into Gold And Silver
(Kitco News) – Speculators continue to slowly jump back into the gold and silver markets, according to data from the Commodity Futures Trading Commission.
Read moreGold Extends Early Gains As U.S. Dollar, Stocks Indexes Back Off
(Kitco News) – Gold prices are trading near their session highs in mid-morning dealings Monday. The yellow metal is seeing buying interest surface as the U.S. dollar index has backed down from its daily high and as the U.S. stock indexes are selling off.
Read moreGold Bulls Target Test Of $1,239 Level, Greece Jitters Support
(Kitco News) – Gold bugs have started the year off with a bang.
From the close of 2014 to Monday’s intraday high, Comex February gold futures have climbed nearly 4%. Not a bad start to the year.
Read moreGold Mixed, Hits 4-Week High, as Bulls Gaining Technical Momentum
Gold prices are mixed but scored a four-week high in early U.S. trading Monday.
Read moreGold Sees Good Momentum At The Start Of Trading Week
(Kitco News) – Gold prices are once again starting the week on a strong footing, holding gains above the key area of $1,200 and above the 100-day moving average.
Read moreHow “Green” are Hydrogen Fuel Cells?
Fuel cell engines that convert hydrogen into electric energy have seen a breakthrough in 2014. The future mix of hydrogen versus lithium ion battery fuel will severely impact the price and availability of platinum and palladium in the future.
Read moreAnalysts Expect Gold Market To Hold Recent Gains Next Week
U.S. economic data next week is not expected to shed any new light on the state of the economy and as a result gold prices should at least hold on to their gains after the first full week of trading in 2015, according to some analysts.
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