Gold’s Luck Has Run Out, Prices To Fall To $1,100 By Year-End – Capital Economics
(Kitco News) – One firm sees gold falling 11% by the end of the year as further aggressive Federal Reserve interest rate hikes weigh on the market.
Read moreGold Trading Just Above Initial Support; Analysts See More Downside To $1,230
(Kitco News) – Hawkish Federal Reserve comments are helping to boost the U.S. dollar and weighing on gold prices.
Read moreMetals Focus: Growth In Gold-Mine Supply To End In 2017
Growth in global gold production is likely to come to an end in 2017 after eight years of uninterrupted gains, said the consultancy Metals Focus in a report Tuesday.
Read moreGold Turns Down As Crude Oil Solidly Lower, U.S. Dollar Stabilizes
Gold and much of the rest of the raw commodity sector are seeing selling pressure Tuesday morning
Read moreMandalay: Flooding Impact On Cerro Bayo Output To Be ‘Small’
Mandalay Resources Corp. (TSX: MND) says the impact on output from flooding at the Cerro Bayo operation on June 9 is small, but a search continues for two missing workers.
Read moreGold Slightly Up On Short Covering, Chart Consolidation
Gold prices are slightly higher early U.S. trading Tuesday, on mild short-covering in the futures market and a little bargain hunting in the cash market, after hitting a four-week low overnight.
Read moreRBC’s Gero: Further Selling In Gold May Attract Bargain Hunting
Gold slipped to its lowest price in nearly a month but the market does have some supportive influences that could mean bargain hunting, thereby limiting further falls, says George Gero, managing director with RBC Wealth Management.
Read moreGold To Drift To $1,200 By Year-End On Optimism And Fed Tightening – OCBC
Gold prices will return to $1,200 in the second half of 2017, as markets embrace a more hawkish Fed amid an improved economic outlook, OCBC Bank said in a report. The bank also cautioned not to rule out geopolitical risks.
Read moreHedge Funds Ditch Gold Ahead Of Fed Decision, More Selling To Come – Analysts
(Kitco News) – After three weeks of growing bullish interest, culminating in a seven-month high, hedge funds were quick to take profits last week and liquidate those positions on the eve of the Federal Reserve interest rate hike, according to the lates…
Read moreGold Adding To Daily Losses Heading Into U.S. Close
Gold prices are moderately down, near their session lows and at a four-week low in late U.S. trading Monday.
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