Everyone Shuns The Dollar; What Does It Mean For Gold?
Traders haven’t been this bearish on the U.S. dollar in more than three years, as highlighted by one Melbourne-based bank and the latest data by the U.S. Commodity Futures Trading Commission.
Will Higher Volatility Help Gold? Maybe Not Says This Analyst
It seems to be common knowledge that when market volatility rises, so does the gold price.
Read moreGold, Silver Bears Continue To Feel The Pinch
(Kitco News) – As expected, hedge funds bearish on gold and silver felt the pinch once again last week, as they were squeezed out while the market remained resilient in the face of continued strength in the labor market, according to analysts.
Read moreGold To Be Sensitive To Fleeting Safe-Haven Demand This Week
(Kitco News) – The lack of any new rhetoric between the U.S. and North Korea is helping to ease geopolitical tensions and taking some of the safe-haven appeal away from gold as analysts warn investors that there could be further selling as market sent…
Read morePrecious Metals Will Remain Supported As Fed Officials Become More Cautious: FXTM
Following Friday’s weaker-than-expected inflation reading for July, analysts at Commerzbank say that economic data is starting to take its toll on interest rate expectations.
Profit-Taking In Gold As U.S.-N. Korea Tensions Ease
Gold prices are moderately lower in early U.S. trading Monday, on some normal profit-taking pressure after prices last Friday hit a nine-week high.
Read moreWheaton Precious Metals Gives Back To Shareholders As Big Deals Remain Elusive – Smallwood
(Kitco News) – With few major headline grabbing deals in the marketplace, Wheaton Precious Metals (NYSE: WPM, TSX: WPM) is using its cash flow in another way to attract investors to the much beat up mining sector.
Read moreGold Bulls Are ‘Locked and Loaded’
We are back from our short summer hiatus…and what a week to come back home to. Gold this week hit its highest level in two months and is trying desperately to hit and ultimately break that key psychological level of $1,300.
Gold Will Be A Slave To North Korea-U.S. Conflict Next Week – Analysts
As geopolitical tensions around North Korea continue to dominate the gold market, analysts debate over how much profit taking the yellow metal might see next week after nearing the key $1,300 level on Friday.
Read moreHow Does North Korea Fare For Gold Compared To Other Geopolitical Events?
Gold’s safe-haven status made a comeback this week as tensions between North Korea and the U.S. rose, with the metal, for the third time this year, rising within striking distance of $1,300.