Gold Hits 7-Week Low, Silver At 15-Mo. Low, As Outside Markets Turn Bearish
Gold prices are trading solidly down and hit a seven-week low in late-morning action Friday.
Read moreUBS Still Looking For $1,300/Oz Gold In 2017
UBS has maintained its bullish outlook for gold, citing “benign” interest rates, expectations for a softer U.S. dollar and a pickup in physical demand.
Gold Down After Upbeat U.S. Jobs Data; Silver Suffers Overnight Flash Crash
Gold prices are near steady in early U.S. trading Friday morning, and showed a surprising upside price reaction to a U.S. non-farm payrolls number that was a big miss to the upside.
Read moreGold Holding Initial Support After The U.S. Economy Created 222K Jobs
(Kitco News) – Gold prices are seeing only most selling pressure holding just below initial support at $1,220 an ounce as the U.S. economy created more jobs than markets were expecting.
Read moreCoeur Mining Revises 2017 Production Guidance
Coeur Mining, Inc. (NYSE: CDE) says it has revised 2017 output guidance to reflect higher-than-expected gold production
Read moreOPEC can’t save oil market alone—the U.S. has to step in, says Morgan Stanley
OPEC and other major oil producers have taken on an ambitious battle to rebalance the oversupplied oil market, but despite the best intentions their efforts aren’t enough, Morgan Stanley warns.
Gold Gets A Little Help From ADP Data, Outside Markets
Gold prices ended the U.S. day session with modest gains Thursday.
Read moreWill 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 moreGold Shrugging Off Rise In ISM Servivce-Sector Data
(Kitco News) – Gold prices are attempting to hold on to modest gains as the U.S. service expanded at a faster rate than expected last month, according to the latest data from the Institute of Supply Management (ISM).
Read moreOCBC Bank Sticking With $1,200 Gold Call
Despite getting a boost Thursday, analysts at OCBC Bank say they’re sticking with their bearish gold call for year end.