The Fed Needs to Stop Intervening Now – Mohamed El-Erian

With all eyes on the Federal Reserve, as markets await the latest release of the Federal Open Market Committee minutes, one Wall Street veteran says it’s time for the central bank to back off.

Now Is The Time To Diversify Into Broad Commodities – USCF Pres.

(Kitco News) – While inflation has struggled to show consistent growth in the U.S., investors should look at diversifying into the broad commodity marketplace now before it is too late, said the president of one asset management firm.

Don’t Dismiss Renewed Strength In USD – BNP Paribas

(Kitco News) – While gold has benefited from U.S. dollar weakness, with the currency unable to move off its six-month lows, one French bank expects momentum to shift as markets prepare for further interest rate increases.

UBS: Positioning Favorable For Gold; Market Needs Catalyst

Gold has a number of factors in its favor, including low bullish speculative positioning, but investors appear to be waiting for a fresh catalyst before buying some more, says Swiss bank UBS.

$1,260: The Invisible Wall Holding Back Gold

Gold Futures Remains Under Pressure Following 2.3% Drop In Existing Home Sales

(Kitco News) – Gold prices remain under pressure, seeing little movement after the National Association of Realtors’ (NAR) latest report showed slowing momentum in the U.S. housing sector.

First Majestic Reports Mine Disruption At La Encantada Silver Mine

Kinross Gold Corp. (TSX: K; NYSE: KGC) announces an agreement to acquire an approximately 19.9% interest in White Gold Corp.

BMO: Gold Investors Taking Longer To Factor In Higher U.S. Rates

Investors are showing a tendency to take longer to factor higher U.S. interest rates into gold prices than was the case in the past, says BMO Capital Markets. Market participants are “increasingly looking to the potential for gold-price weakness” heading into a mid-June meeting of the Federal Open Market Committee

Gold Weaker Ahead Of FOMC Minutes

(Kitco News) – Gold prices are again modestly lower in early U.S. trading Wednesday. There has recently been a lack of new, bullish fundamental inputs for the safe-haven metal. This has allowed the sellers to gain a bit of momentum this week. June Com…

Fed Minutes May Cause Some Volatility