Gold hold steady ahead of EU session
(Kitco News) -Once again overnight gold (0.29%) managed to tread water above the support level at $1848.84 per ounce. The level still looks vulnerable for a break but at the moment bulls are holding off after Monday’s heavy decline.
Read moreBrace for perfect storm: ‘Stock market will be brought down to reality’ – Peter Grandich
(Kitco News) – Brace for perfect storm: ‘Stock market will be brought down to reality’ – Peter Grandich
‘Buy gold price dips with conviction,’ says Orchid Research
(Kitco News) – Despite this week’s price drop, gold has more room to the upside and will benefit in the aftermath of the U.S. election amid the COVID-19 uncertainty, said Orchid Research.
Read moreGold rallies should be sold, price could drop to $1,500 in 2021 – DeCarley Trading
(Kitco News) – The gold market continues to hold critical support above $1,850 an ounce; however, according to one market analyst, it might be only a matter of time before this level gives out, and investors see lower gold prices.
$5,000 gold price ‘is not that far out’ – Rob McEwen
(Kitco News) – Gold’s popularity amongst retail investors is set to rise, and this is going to propel prices to $5,000 an ounce, said Rob McEwen, chairman of McEwen Mining.
Read moreGold, silver slide as U.S. dollar, stock markets rally
(Kitco News) – Gold and silver futures prices are lower in midday U.S. trading Wednesday. The metals are seeing selling pressure from upbeat trader/investor risk appetite at mid-week, evidenced by the rallies in global stock indexes.
Read moreThe U.S. election is still more important for gold than vaccine news – Wilshire Phoenix
(Kitco News) – The gold market is once again struggling to find momentum as investors continue to focus on a possible vaccine to eradicate the COVID-19 virus that has devastated lives around the world.
Read moreCOVID-19 vaccine is ‘a boon for gold bugs’ – TD Securities
(Kitco News) – Once markets get past all the noise, the COVID-19 vaccine is good news for gold, according to TD Securities.
Read moreCopper and gold struggle in the EU session
(Kitco News) – Copper has been moving lower in the EU session leading into the North American open. The US markets are closed due to a public holiday but that has not stopped the price falling 1.28%.
Read moreEquinox Gold building $103 million mine in Brazil
(Kitco News) – Equinox Gold is moving forward with a plan to build its Santa Luz Gold Mine located in Bahia State, Brazil.
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