Gold Is Breaking Out

Gold is breaking out this morning knocking down the invisible wall at $1,260 that was holding it back.

Gold Up, At 4-Week High, On Weak Greenback, Some Risk Aversion

Gold prices are posting decent gains and have hit a four-week high in early U.S. trading Friday.

U.S. Orders Of Durable Goods Fall By 0.7% During April

Orders for durable goods in the U.S. fell by 0.7% to $231.2 billion during April, according to a Commerce Department report Friday. This was slightly stronger than forecast.

Gold Holding Overnight Gains, Shrugging Off Stronger-Than-Expected Q1 GDP

(Kitco News) – Gold prices are holding on to most of their overnight gains as the latest data from the Commerce Department showed stronger-than-expected economic growth in the first three months of the year.

Gold and Silver Wake Up

RBC’s Gero: Buy Stops Accelerate Gains In Comex Gold

Commerzbank says physical gold demand from key consuming nations such as India and China has been strong lately, although Indian demand may wane.

Sweden Is Moving Entire Mining Town To New Location

A Swedish mining company is beginning a daunting task – moving its northernmost town of 18,000 people to a new location to save the buildings from collapsing into a giant sinkhole.

Arizona Recognizes Gold, Silver Bullion As Legal Tender But More Work Needs To Be Done

(Kitco News) – Citizens of Arizona who believe in the value of hard currencies won a strategic victory earlier this week as Governor Doug Ducey signed a law that eliminated capital gains taxes on gold and silver bullion.

Gold Ekes Out Gains Today Despite Bearish Outside Markets

(Kitco News) – Gold prices were ending the U.S. day session modestly higher Thursday, on a mild technical rebound from the recent selling. Prices have been trading choppy and sideways for the past week, amid a lack of new, bullish fundamental developments. June Comex gold was last up $2.90 an ounce at $1,256.00. July Comex silver was last up $0.073 at $17.19 an ounce.

Don’t Forget About Gold Just Yet; ‘Expect The Unexpected’ – RBC Capital Markets

With so many unknowns still lingering in the marketplace, investors shouldn’t forget about gold just yet, at least that’s what some RBC Capital Markets analysts suggest.