Gold Sees More Selling Pressure, But Holding Above $1,200
(Kitco News) – Gold prices are moderately lower and hovering not far above this week’s nine-month low in early U.S. trading Thursday.
ECB Leaves Rates Unchanged, Markets Wait For QE Details
(Kitco News) – The European Central bank, as expected, left interest unchanged Thursday.
Read moreGold Ends Near Steady; U.S. Jobs Report On Deck
Gold Ends Near Steady; U.S. Jobs Report On Deck
Read moreGold Sees Tepid Short-Covering Bounce; Bears Still in Control
Gold prices ended the U.S. day session modestly higher on short covering and an upside technical correction after hitting a nine-month low Wednesday. However, the strong U.S. dollar and the overall bearish raw commodity sector at present are still giv…
Read moreTriland: Resiliency Shows ‘Deep-Rooted Interest In Gold’
Gold might be under pressure with the broad commodity complex lately, but buying just ahead of $1,200 an ounce suggests a “deep-rooted interest” in the yellow metal, says Triland Metals. Commodity markets have been pressured lately, much of it due to a stronger U.S. dollar, the firm points out. “With the mood damp and sentiment weak, shorts are continually frustrated with buying that is supporting (gold) just ahead of the $1,200 number,” Triland says. “Even if this is the last few gasps of a bid before a move of despair below $1,180, the action over the last few weeks suggests a deep-rooted interest in gold over other commodities and there is a very simple reason why gold is tenaciously holding its ground – ever-expanding fiat currency balance sheets.”
Resilience Of US Stock Market Is Surprising – Aberdeen Asset Management
The Standard & Poor’s 500 stock index is up about 7% so far this year, and its resilience is surprising, said two fund managers for a Scottish investment firm.
RCM Unveils A Coin That Is Out Of This World
(Kitco News) – The Royal Canadian Mint is honoring Canadians who have boldly gone where no one has gone before.
Read moreGold Rallies Modestly on Short Covering, Bargain Hunting
Gold futures are seeing an upside corrective bounce in midday trading Wednesday. Short covering in the futures market and bargain hunting in the spot market are featured, to lift prices up from nine-month lows scored this week. The sell-off in the U.S…
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