Gold Pushes Off Lows As ECB Holds Rates Steady, All Eyes On Draghi
European Central Bank (ECB) decided to leave interest rates unchanged, with all attention shifting to Mario Draghi’s press conference, which will shortly follow the bank’s announcement.
LME Looking Into Changing Strategy After Market Share Drop
The London Metal Exchange (LME), the world’s biggest industrial metal exchange, will be voting on various new measures in August, including items such lower fees and new live implied prices for monthly contracts not traded electronically, Bloomberg cited sources as saying.
Gold Traders: Keep One Eye On The ECB – Murenbeeld
(Kitco News) – Gold investors will want to pay close attention to the European Central Bank’s interest rate decision Thursday and the corresponding press conference, as that could have a major impact on global bond yields, according to one international economist.
Gold Steady As Market Pauses After Recent Gains
Gold prices were ending the U.S. day session near unchanged Wednesday, as the market steadied and saw some chart consolidation after posting recent good gains that put prices at a three-week high Tuesday.
Read moreGold’s $1,300 Level Might Not Happen Until 2018 – NAB
In what the National Australia Bank (NAB) described as a “mildly optimistic” forecast, gold is seen reaching the key psychological level of $1,300 only by the end of 2018.
Silver At A Turning Point; ETF Securities See Prices Up 17% By Year End
(Kitco News) – With silver retaking a key price level earlier this week, one fund management firm sees the market at a key turning point with untapped upside potential.
Read moreGold Sees Modest Selling Following 8.3% Rise In U.S. Housing Starts
(Kitco News) – Gold prices are seeing only modest selling pressure the day following stronger than expected U.S. housing data.
Read moreUBS: Gold Likely To Be Well Supported
UBS looks for gold to continue drawing support, commenting that the metal’s ability to hang onto recent price levels is encouraging.
Gold Pauses After Hitting Three-Week High
Gold prices are near steady in early U.S. trading Wednesday, as the market takes a breather after posting gains that put prices at a three-week high Tuesday.
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