Barclays: Gold To Come ‘Under Significant Pressure’ In 2015
(Kitco News) – Despite continued physical demand in Asia, gold prices are expected to drop in 2015, according to an analyst from Barclays.
Read moreGold Up on Short Covering, Bargain Hunting and Safe-Haven Buying
Gold prices ended the U.S. day session with solid gains Monday, boosted by short covering in the futures market and bargain hunting in the cash market—following a drop to a four-week low last Friday. Some safe-haven for demand for gold also surfaced Monday as U.S. and European stock markets sold off. February Comex gold was last up $15.90 at $1,202.10 an ounce. Spot gold was last up $12.70 at $1,203.00. March Comex silver last traded up $0.442 at $16.21 an ounce.
Silver Wheaton Amends Pascua-Lama Agreement, Cancels Campo Morado Stream
Silver Wheaton Corp. (TSX:SLW)(NYSE:SLW) kicked off the year by amending its Pascua-Lama streaming agreement with Barrick Gold Corp. (TSX:ABX)NYSE:ABX), extending its streams of Barrick’s Lagunas Norte, Pierina and Veladero mines (Other Mines) from the end of 2016 to March 31, 2018.
BNP Paribas: Expect More Weakness In EUR/USD
BNP Paribas: Expect More Weakness In EUR/USD
The seven-year low in the euro against the U.S. dollar is just the beginning for the single currency, says currency analysts at BNP Paribas. In a research note published Monday, BNP note that they have been bearish on EUR/USD since Oct. 31, when the pair was trading at $1.2520. They add that they expect the euro to hit 1.18 as inflation data is expected to fall into negative territory. “Concern over the upcoming Greek election on January 25 is a contributing factor but the real driver is falling inflation and hints from ECB members that direct policy action – namely sovereign QE – is imminent,” they say.
Cost-Cutting Will Remain Top Priority For Miners In 2015
(Kitco News) – The rhetoric remains the same as gold prices continue to apply pressure on producers, which in turn will force continued cost cuts in 2015, analysts said.
Read moreGold Rallies on Short Covering, Bargain Hunting, U.S. Stock Market Sell Off
Gold prices are posting decent gains and have pushed back above the $1,200.00 level in late-morning dealings Monday. The gold futures market is seeing short covering, while in the cash gold market bargain hunting is featured. The sell off in the stock…
Read moreGold Firms, Bucking US Dollar Gains
(Kitco News) – Comex February gold futures are firmer in early Monday action as the yellow metal bucks the strength in the U.S. dollar. Generally strength in the U.S. dollar is a negative factor for gold.
Gold Near Steady as Bearish Outside Markets Limit Buying Interest
Gold prices mixed in early U.S. trading Monday—futures slightly higher and spot (cash) prices slightly lower. Bearish “outside market” forces are keeping gold buyers scarce to start the first full trading week of the new year.
The 6 P.M. Recap With Gary Wagner: Slouching Toward Normal Trading
The holidays are slouching toward an end and the dollar almighty is ruling the road. The euro was down about 1% against the U.S. currency and, accordingly, oil fell – but even more than that, around 1.3%.
Gold Bounces Off One-Month Low To End The Week In Neutral Territory
(Kitco News) – Gold prices have managed to bounce off one-month lows as analysts saw some short-covering and bargain hunting in the marketplace, Friday.
