Gold Lower On Better Risk Appetite; Upbeat U.S. Data
Gold prices were ending the U.S. day session lower but up from the daily lows in early afternoon trading Tuesday.
Read moreGold Investors Sending ‘Mixed Signals’ But Prices Heading Higher – RBC Capital Markets
As gold prices fall under pressure after a rally late last week, analysts from a major Canadian bank highlight the ‘mixed signals’ investors are giving right now.
The Gold Market Is Cracked, But Not Broken – Analyst
(Kitco News) – While unexpected strength in July retail sales has pushed gold below key, near-term support levels, one analyst still sees some resiliency in the marketplace.
Read moreGLD Sees Inflows For First Time In More Than A Month
While gold investors are taking profits in future markets, they are buying once again exchange-traded funds
Read moreGold Falls As U.S. July Retail Sales Surprise On The Upside
U.S. consumers bought more items than expected last month, according to the latest data from the U.S. Commerce Department.
Read moreNew York Fed Sees Sharp Rise In Manufacturing Sentiment
(Kitco News) – The Empire State manufacturing survey shows business sentiment surged higher in New York in August, the New York Federal Reserve said Tuesday.
Gold Down on Less Risk Aversion, Stronger U.S. Retail Sales
Gold prices are lower in early U.S. trading Tuesday, on follow-through selling pressure from Monday’s declines and on some more normal profit-taking pressure from recent good gains.
Investors Prepare: ‘Gold Is About To Break Out’ – Gartman
Gold bulls were pleasantly surprised on Monday as profit taking turned out to be fairly tamed, after the yellow metal hit a nine-week on Friday. Now, some analysts are saying big things are in store for the precious metal.
Read moreBulls Call For $1,400 Gold As Metal Gains Strength
Gold’s pullback on Monday isn’t fazing one Russian-based investment banker, who is calling for a $1,400 price tag by year end.
Despite Some Weakness, Not A Bad Day For Gold
The gold market had several bearish elements working against it Monday, yet prices finished just modestly down and up from the daily lows.
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