Hedge funds continue to take profits from bullish gold bets
(Kitco News) – Risk sentiment in financial markets is shifting and hedge funds are taking profits after gold’s summer rally and putting it back to work in equity markets.
There is still a case to hold gold as a strategic asset – Aberdeen Standard Investments
(Kitco News) – Speculative interest in gold may have run its course, but investors shouldn’t completely disregard the precious metal even as record equity markets hog all the limelight, according to one market expert.
Gold firms on slight risk aversion, Trump tweet
(Kitco News) – Gold and silver prices are modestly higher in midday U.S. trading Monday, on a slight downtick in trader and investor risk appetite and some short covering in the futures market.
Read moreSerbia joins gold buying spree with a 9-ton bullion purchase as it looks for safety
(Kitco News) – Serbia’s central bank acquired nine tons of gold in October, following in the footsteps of many other central banks that have been boosting its gold reserves, including Russia, Hungary, and Poland.
Read moreGold may be seeing support from Trump tweet on meeting with Fed’s Powell
(Kitco News) – Traders and investors are taking note of a meeting Monday morning between President Trump, Treasury Secretary Mnuchin and Federal Reserve Chairman Powell.
Read moreGold bulls are ‘out of favor’ in the near-term – TD Securities
(Kitco News) – Gold remains under pressure amid risk-on sentiment and the likely path forward is down, according to TD Securities. “The average trader still holds an outsized position, which suggests the pain trade remains to the downside,” write strategists at TD Securities.
Barrick Gold sells 50% stake in Aussie mine for $750 million
(Kitco News) – Barrick Gold has moved another step closer to its goal of raising $1.5 billion by selling non-core assets.
Read moreGold, silver prices down but up from overnight lows
(Kitco News) – Gold and silver prices are lower in early U.S. trading Monday, pressured by the bullish U.S. stock market that saw its indexes hit new record highs overnight, and by relatively calm geopolitical waters at present.
Read moreBitcoin daily chart alert – Prices hit three-week low Monday – Nov. 18
(Kitco News) – Bitcoin-U.S. dollar prices are near slightly weaker and hit a three-week low in early U.S. trading Monday. Prices are trending lower from the October high and the bears have the near-term technical advantage
Read moreGolden Predator plans to put a bow on its feasibility study by Q1 2020
(Kitco News) – The Yukon’s Golden Predator (CVE:GPY) said it is fast tracking its feasibility study for the past-producing Brewery Creek Mine.
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