Pick Your Morning Headline, Everything’s Gold Bullish

June 5 – Gold prices advanced in early trading Monday. Waking up to the morning news every day in recent months delivers fresh political, economic and geopolitical events that are gold bullish.

UBS: India’s Gold GST Of 3% ‘Relatively Subdued Outcome’

UBS analysts are calling weekend developments in India, including announcement of a 3% goods and services tax on gold, as “a relatively subdued outcome” and “encouraging.”

First Majestic Plans Phased Restart Of La Encantada Operations

Operations at First Majestic Silver Corp.’s (NYSE: AG; TSX: FR) La Encantada Silver Mine in Mexico will be restarted on a phased-in basis during the coming weeks, the company said.

Crypto Currency Bubble Ready To Pop

Gold At 6-Week High On Some Safe-Haven Demand, Bullish Charts

Gold prices are moderately up and have hit a six-week high in early U.S. trading Monday.

Osisko Gold Royalties Acquires 74 Assets For C$1.125 Billion

Osisko Gold Royalties Ltd (TSX, NYSE: OR) has agreed to acquire a precious-metals portfolio, consisting of 74 royalties, streams and precious metal offtakes, from Orion Mine Finance Group for C$1.125 billion, the company reported Monday.

India To Hit Gold Market With 3% Tax On July 1

India will be rolling out a new 3% nationwide sales tax on gold and gold jewelry as soon as July 1, this according to the country’s GST Council, which met during the weekend to finalize the numbers.

Weak Jobs Data Isn’t Driving Gold Higher, This Is – Analyst

Gold prices rallied Friday and while analysts are quick to correlate the move with the weak U.S. jobs report, one analyst says they are wrong.

Investors Watching $1,300 For Gold Next Week

(Kitco News) – Gold’s renewed momentum, following a disappointing May jobs report, is expected to continue into next week with some analysts saying that $1,300 could be a viable target.

Gold Hits 5-wk High, Technicals Suggest More Upside

Gold prices are trading higher, have hit a five-week high and are heading for a technically bullish weekly high close on a Friday, in midday U.S. trading action.