U.S. dollar’s rise is not a trend change but a positioning adjustment: BBH
(Kitco News) – The recent rise in the U.S. dollar is not a trend change but a simple positioning adjustment, writes BBH Global Currency Strategy.
Read morePullback in gold price ‘is unlikely to turn into a rout’: TD Securities
(Kitco News) – Gold’s bull rally is being challenged by strong U.S. dollar gains but this current pullback ‘is unlikely to turn into a rout,’ according to TD Securities.
Read moreGold price ticks up from daily lows as U.S. new home sales beat expectations in August
(Kitco News) – Gold edged up from daily lows after the U.S. new home sales beat expectations in August, rising 4.8% versus the expected decline of 0.1%. July numbers were also upwardly revised to an advance of 14.7%.
Read moreGold price under pressure even as U.S. labor market remains weak
(Kitco News) – Gold prices are remain under pressure even as the U.S. labor market sees little improvement.
Gold, silver see follow-through price pressure as USDX rallies
(Kitco News) – Gold and silver prices are lower in the early U.S. trading Thursday. Both metals hit two-month lows overnight.
Read moreBitcoin daily chart alert – Bulls work to stabilize prices – Sep. 24
(Kitco News) – Bitcoin-U.S. dollar prices are firmer early Thursday, as traders have stabilized prices late this week, after Monday’s big downside price move. Bitcoin bulls need to show more power soon to restart a price uptrend.
Where is gold headed next week? Vote now!
(Kitco News) – Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term
Read moreGold price is not out of line with fair value, lots of upside potential – Charlie Morris
(Kitco News) – Gold price is not out of line with fair value, lots of upside potential – Charlie Morris
$1 billion penalty to be levied against JPMorgan for spoofing – Bloomberg
(Kitco News) – JPMorgan Chase & Co is facing a $1 billion penalty after U.S. authorities found that the bank unfairly manipulated the metals market, Bloomberg News reported today.
Use this gold price weakness as ‘aggressive buying opportunity’, says Goehring & Rozencwajg
(Kitco News) – Even though the first leg of the gold bull market is over, investors should use these temporary lower prices as an “aggressive buying opportunity” before the second leg of the rally kicks in and takes the precious metal above $10,000 later this decade, said Goehring & Rozencwajg Associates managing partner Leigh Goehring.