Gold Lower as Stock Markets Rebound, U.S. Dollar Firmer
Gold prices are moderately lower in early U.S. trading Monday, pressured by the bounce in world stock markets to start the trading week. The higher U.S. dollar index on this day is also a bearish outside market force working against the precious metal…
Read morePRECIOUS-Gold slips 1 percent as dollar firms before Fed meeting
LONDON, Dec 15 (Reuters) – Gold fell 1 percent on Monday, after posting its biggest weekly gain in two months, as the dollar firmed before a Federal Reserve meeting that could provide clues on the timing of a possible interest rate rise by the U.S. cen…
Read moreGold, Silver Start Week Under Modest Pressure
(Kitco News) – The gold and silver market is under some modest pressure at the start of the week but still holding above the key psychological area of $1,200 an ounce.
Read moreThe 6 P.M. Recap With Gary Wagner: The Next Sound You Hear
Traders and investors are running toward the exits. There is a combination of reasons for this not least among them the imminent approach of the big fat holiday season and the end of the year book balancing dance.
Read morePeter Schiff’s New Year’s Resolution And His 2015 Investment Strategy
This feature was a fan favorite last year so we brought it back as a 2015 outlook centerpiece. Kitco News will be running a Friday feature that will showcase investment gurus’ top investment picks for the coming year. A new expert will be unveiled eve…
Read moreIs Russia Selling Its Gold Reserves?
(Kitco News) – Analysts appear mixed as to whether or not Russia could be selling its gold reserves to prop up its faltering currency and economy.
Read moreFOMC, Falling Crude Oil Prices Will Influence Gold Prices Next Week
(Kitco News) – Gold prices avoided taking a tumble with crude oil prices this week, but market watchers said traders need to be on guard for erratic swings next week as it is the last full trading week of 2014 and there is a Federal Open Market Committee meeting.
Higher Prices Forecast For Gold Market Next Week
(Kitco News) – With gold prices holding over $1,200 an ounce, a majority of participants in the weekly Kitco News Gold Survey forecast the yellow metal to rise next week.
Mitsubishi: Uptick In Shanghai Premium Constructive For Platinum
Platinum has edged higher lately but remains range-bound; however, there are signs of improving physical demand, Mitsubishi says. Meanwhile, year-end activity could help palladium. “There was evidence of greater physical demand in China as the SGE (Shanghai Gold Exchange) premium ticked up to over 5%, perhaps as seasonal pre-Chinese New Year buying starts to kick in,” the firm says. Palladium this week regained the 50% retracement of the three-month downtrend from September to November, but there is one worrisome technical signal in the short term. “The 200-day moving average is looking to cross above the 100-day moving average, and the momentum indicator is moving below the moving average line, bearish signals that could imply a short-term reversal,” Mitsubishi says. “However, beyond the immediate term, a daily close above $821 would likely open up a new trading range to $843 and eventually $869. While we are positive on the fundamentals for the metal, the approaching Christmas holidays could mean relatively subdued physical demand in the weeks ahead, meaning that investment flows and macroeconomic conditions will largely drive prices. Investor year-end squaring and window dressing could be positive for palladium, which has been the best-performing of the major precious metals in the year to date.”
Gold Prices Likely To Start 2015 Weak, But Rise Into Year End
(Kitco News) – Gold prices could be under some pressure in the first half of 2015 as the market anticipates the Federal Reserve raising interest rates, but once the Fed moves, the yellow metal may be able to end the year on firmer footing.
