Gold, Silver At Extreme Bearish Positioning; Analysts See Short-Covering Potential

(Kitco News) – For the fifth week in a row, hedge funds reduced their bullish exposure to gold and have turned outright bearish on silver, according to the latest trade data from the Commodity Futures Trading Commission.

Gold Looking “Impressive” Says Market Watcher Dennis Gartman

Gold is getting a reprieve from a weaker U.S. dollar, which hit a 10-month low overnight, following Friday’s lackluster economic data, said market watcher Dennis Gartman.

SEMAFO: Boungou Mine On Track For 2H 2018 Commissioning

SEMAFO Inc. (TSX, OMX: SMF) reports that construction of the open-pit Boungou Mine in Burkina Faso is progressing according to plan for commissioning in the second half of 2018.

Gold Holding Overnight Gains Following Drop In Empire State Manufacturing

(Kitco News) – Gold prices are relatively unchanged, holding on to their overnight gains following a surprising drop in sentiment in the New York manufacturing sector.

Gold At 2-Week High Signals A Near-Term Bottom’s In Place

Gold prices are moderately higher and hit a two-week high in early U.S. trading Monday, on decent follow-through buying from Friday’s good gains.

Standard Chartered: Gold’s Strongest Correlation Now With U.S. Dollar

The inverse correlation between gold prices and the U.S. dollar has strengthened, with recent greenback weakness underpinning the yellow metal, says Standard Chartered.

Gold’s Next Move Is ‘Sideways To Higher,’ Not Lower – ICBC’s Kendall

With gold prices making a comeback Friday, after hitting four-month lows earlier in the week, one analyst now says he is more bullish on the yellow metal.

Can Fed’s Tightening Keep Silver Down? Capital Economics Weighs In

Despite silver’s growing demand and falling mine supply, price projections for this year are faltering, Capital Markets said in its latest report, which focuses on explaining this paradox.

Gold Bounces As Investors Doubt The Fed; What’s Next For The Price?

(Kitco News) – Gold is expected to find renewed momentum next week as the market has made a key short-term reversal due to shifting interest rate expectations, according to some analyst

Wall St. Flip-Flops On Gold, Now Bullish Along With Main St.

Wall Street made a big U-turn and is now heavily positive on the short-term outlook for gold, while Main Street continues to lean bullish.

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