HSBC: Physical Demand, Less Supply To Support Silver In 2015; Dollar, Weak Commodities To Cap Upside
HSBC is retaining its average price forecast of $17.65 an ounce for silver in 2015 – meaning a rise from current prices – although the bank looks for rallies to be limited by a stronger U.S. dollar and weaker commodities generally.
Natixis Sees 2015 Average Gold Price of $1,140/Oz; Silver At $15.20
(Kitco News) – An improving U.S. economy will be the main influence in the price of gold in 2015, as the dollar strengthens and U.S. interest rates may rise, said Natixis on Thursday.
U.S. Advance Retail Sales 0.7% In November
(Kitco News) – U.S. consumers made more purchases last month, as the holiday shopping season kicked off, according to data from the U.S. Census Bureau.
Read moreGold Weaker on Corrective Pullback, Chart Consolidation
Gold prices are moderately lower in early U.S. trading Thursday, on a downside technical correction and chart consolidation after Tuesday’s big gains. Still, the near-term technical postures for both gold and silver have markedly improved this week. February Comex gold was last down $6.50 at $1,223.00 an ounce. Spot gold was last down $2.40 at $1,224.25. March Comex silver last traded down $0.112 at $17.08 an ounce.
Push and Pull
The yanking this way and that by fundamental forces now growing wilder and woollier by the day, left gold almost becalmed in a sea of madness.
Read moreKitco’s 2015 Outlook Theme Unveiled
(Kitco News) – Every December, Kitco News launches its coveted outlook series giving you the opportunity to compare your forecasts with those of expert analysts and gain a better understanding of how the markets could react as we ring in the new year….
Read moreGold Sees Mild Corrective Pullback Following Tuesday’s Big Gains
Gold ended the U.S. day session modestly lower Wednesday, on a mild downside correction following sharp gains Tuesday that pushed prices to a six-week high. Today’s price action is still impressive from the bulls’ perspective. February Comex gold was last down $0.90 at $1,231.40 an ounce. Spot gold was last down $0.50 at $1,232.50. March Comex silver last traded up $0.056 at $17.19 an ounce.
U.S. Mint Sets New Record, Selling 43 Million Silver Coins In 2014
(Kitco News) – The U.S. Mint has set a new sales record for the year for its American Eagle silver bullion coins.
Read moreGold Firmer, Holding Tuesday’s Big Gains, as Bulls Build Technical Strength
Gold prices are modestly higher in early U.S. trading Wednesday, which is impressive from the bulls’ perspective because Tuesday’s sharp gains are being held. February Comex gold was last up $2.40 at $1,234.00 an ounce. Spot gold was last up $2.70 at $1,235.50. March Comex silver last traded up $0.161 at $17.295 an ounce.
UBS: Gold Market Awaits Further Clarification On India’s Import Rules
Traders will be watching to see if India further clarifies future plans for regulations on gold imports, says UBS.
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