UBS: Real Yields Pressure Gold; Bank Still Upbeat Long Term
The decline in gold is largely the result of rising real yields, says UBS, which nevertheless maintains its upbeat view on the metal for the longer term.
Read morePremier Expects 45,000 Gold Ounces From South Arturo Mine In 2017
Premier Gold Mines Ltd. (TSX: PG) reports that mining at the South Arturo mine in Nevada has been extended early into the third quarter in order to maximize production from the Phase 2 pit.
Read moreGold Remains Week, Market Struggles To Catch A Bid
(Kitco News) – Gold prices are modestly down in early U.S. trading Tuesday. The bulls desperately need some fresh supportive news to drive some trader and investor buying interest back into the safe-haven metal. August Comex gold was last down $2.10 an…
Read moreTime To Reduce Your Exposure To Gold Says This Analyst
The U.S. economic recovery is well underway, juts look at the data, suggests one analyst, who says it may be time to reduce exposure to gold.
Read moreGold, Silver Mildly Up On Bargain Hunting, Short Covering
(Kitco News) – Gold and silver prices ended a typical summertime U.S. trading session slightly higher on some perceived bargain-basement buying in the cash markets and on the covering of previously established short positions (short covering) in the f…
Read moreREFILE: Will Gold Trade Below $1,200? – Top Analysts Speak Out
Federal Reserve monetary policy tightening, the U.S. dollar, higher yields and strong equity markets are but a few of the factors weighing on the gold market right now.
Read moreIs Gold Headed Towards $1,133? – Citi
Gold investors are questioning whether or not the metal can fall below $1,200 as the market is faced with significant selling pressure, and one bank says it could fall another 6%.
Read moreSaxo Bank Bullish On Gold In Q3, Sees $1,325 As Year-End Range
In its Q3 outlook, Danish Saxo Bank maintained a “bullish” outlook for gold, adding that the U.S. Federal Reserve might be too optimistic on rate hikes, while the stock market could face a long-overdue correction.
Hedge Funds Bearish Bets On Silver Hit Record Levels; More Selling To Come
(Kitco News) – It has been a wild rollercoaster ride for silver as bearish bets have hit historic levels, pushing net-long positioning to its lowest level in nearly two years, a sharp contrast to the record bullish bets seen just three months ago.
Read moreGold Pushes To Daily High As Bargain Buyers Step Up
(Kitco News) – Gold prices are holding moderate gains in late-morning trading Monday.
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