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Wall St., Main St.: Post-Fed Gold Rally To Continue
Wall Street and Main Street both look for gold to continue its post-Federal Reserve bounce next week.
Read moreGold, Silver Firmer And Holding This Week’s Solid Gains
Gold and silver prices are modestly higher in early U.S. trading Friday.
Read moreNichols: Gold Rally Could Become ‘Self-Fulfilling Prophecy’
Analyst Jeffrey Nichols sees potential for upward momentum in gold – in essence a “self-fulfilling prophecy” that means still-higher prices.
European Markets Mixed, Auto Stocks Slide, U.S. Dollar Slumps
European markets were mixed in early Friday trading amid a pause in the global equity market rally and a slumping U.S. dollar that helped shares in Asia to their best weekly gain in more than six months.
Read more‘I was Right’: Fed Not Bad For Gold – Milling-Stanley
(Kitco News) – Gold prices could have room to move higher in the next few months, as markets adjust to the idea that the Federal Reserve will maintain a “gradual” pace of interest rate hikes this year, according to one gold analyst.
Gold, Silver End Sharply Up, Suggesting Near-Term Lows In Place
(Kitco News) – Gold and silver prices ended the U.S. day session sharply higher Thursday. The precious metals bulls are revived after a two-week meltdown in prices.
Read moreNTR Metals Manager Implicated In South American Gold Smuggling Plot – Report
A manager at an American metals-refining company was allegedly charged with aiding a gold smuggling network that involved illegal mines run by criminals in South America, Bloomberg reported, citing a criminal complaint.
Read moreGold Remains Underpinned After Fed Rate Hike
Gold has moved back above some key technical-chart points in the rally since the Federal Reserve was not seen as overly hawkish in commentary Wednesday despite upping U.S. interest rates.
Read moreGold Ignores Mixed U.S. Housing Data
(Kitco News) – Mixed U.S. housing market data had little impact on gold prices as the market continues to focus on the “gradual rise” the Federal Reserve sees for interest rates.