Gold Has Potential, Just Not Enough Potential – Technical Analyst
(Kitco News)Â – Itâ??s official, the gold market is in the summer doldrums with prices stuck smack in the middle of neutral territory, according to one technical analyst.
Gold Needs Stronger Wage Inflation To Break Current Channel – Ira Epstein
(Kitco News) – While gold has bounced off its recent four-week low, the market is still struggling to find momentum and one market strategist says this will continue as long as inflation remains muted.
Gold Pushes Higher As U.S. Dollar Sells Off Sharply
Gold prices are moderately higher and near the daily highs in late-morning action Thursday.
Read moreGold Moves Up From Daily Lows After Dovish Draghi And On Weakening Greenback
Gold prices are modestly lower and have moved well off the overnight lows, in morning New York trading Thursday.
Read moreDovish Draghi Comments Drive Gold Prices
European Central Bank President Mario Draghi confirmed asset purchases will continue at least through December, adding that a very substantial amount of stimulus is still needed.
Read moreStandard Chartered: Gold ETP Holdings Down 37 Tonnes In July
The amount of gold held to back global exchange-traded products for the metal is down 37 tonnes so far in July, says Standard Chartered.
Read moreCenterra Gains Some Relief In Arbitration Over Kumtor Project
Centerra Gold Inc. (TSX: CG) announces that an arbitrator has issued an order providing certain interim relief to the company in its ongoing arbitration against the Kyrgyz Republic and Kyrgyzaltyn JSC over the Kumtor project.
Read moreU.S. Weekly Jobless Claims Fall By 15,000 to 233K
(Kitco News) – U.S. initial weekly jobless claims fell by 15,000 to a seasonally adjusted 233,000 in the week to Saturday, the Labor Department said. The total was slightly higher than forecast.
Philadelphia Fed Manufacturing Index Falls To 19.5 In July
Kitco News reports on Philadelphia Federal Reserve business index for July
Read moreGold Sees Mild Profit Taking As U.S. Dollar Bounces
Gold prices are moderately lower in early U.S. trading Thursday, as the shorter-term futures traders are ringing the cash register and taking some profits after recent price gains.
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