Gold Firmer on Tepid Upside Correction Following Heavy Losses Friday

(Kitco News) – Gold prices ended the U.S. day session slightly higher Monday, on a weak short-covering rebound and technical correction following Friday’s big losses that saw the market drop to a 13-week low.

Speculators Shed Long Gold Futures For Fifth Straight Week – CFTC

(Kitco News) – The latest data from the Commodities Futures Trading Commission (CFTC) showed speculative long gold positions declining for the fifth straight week as markets prices in a Federal Reserve interest rate hike by September.

Silver Needs To Break $16.10 Before Serious Short Covering – TD Securities

As investors see a “lackluster” trading day, gold’s main objective is to close the week closer to key resistance levels, while silver needs to break through $16.10/oz to holds its ground, says TD Securities.

Is The Gold Rally A Dead Cat Bounce?

(Kitco News) – Gold prices gained overnight in Europe and are climbing in early New York trading Monday boosted by fresh reports of financial troubles out of Greece. Gold is being supported by safe-haven buying flows as investors weigh the possibility of a Greek exit from the euro zone.

Gold Up On Corrective Bounce From Friday’s Big Losses

(Kitco News) – Gold prices are moderately higher in early U.S. trading Monday, on a short-covering rebound and technical correction following Friday’s large losses that saw the market drop to a 13-week low.

The 6PM Recap With Gary Wagner: Upbeat Jobs Report Hammers Gold Prices

Initial market reactions to the announcement by the U.S. Department of Labor that 295,000 new jobs had been added in February were surprisingly downbeat. The reason is clear.

Gold Blasts Through Stops, Analysts Look For Bargain Hunters Next Week

Gold prices started Friday’s North American trading session in negative territory and continued to fall deeper in the red as the day progressed.

By the afternoon prices had hit a session low of $1,162.90 an ounce and settled only marginally higher at $1,164.30, down 2.6% for the day. The gold ended the week at its lowest point since Dec. 1, shedding 4% since Monday.

Triland Metals: Severe Pressure Could Push Gold Through 2014 Lows

Gold prices are under severe pressure heading into the weekend say analysts from Triland Metals. They note that the stronger-than-expected nonfarm payrolls data propelled gold through the interim January lows at $1,167.30 and there is a chance that prices continue to move lower. “The $1130 low is back in sight now and there doesn’t seem to be the tightness (yet) in the physical market and nearby forwards that was a precursor to support in late 2014,” they say. Friday afternoon Comex April gold futures fell to a session low at $1,162.90 an ounce and are only marginally higher, trading at $1,164.50 an ounce.

Endeavour Mining Has A Strong Week

(Kitco News) – This week saw the world’s largest mining convention wrap up as the 83rd Prospectors & Developers Association of Canada (PDAC) came to a conclusion.

Gold Extends Early Losses to Trade Sharply Lower, at 9-Week Low

The sell-off in the gold market is accelerating as midday approaches Friday.
Prices are sharply lower and hit a nine-week low as heavy technical selling is featured, including sell stop orders being triggered on the way down.
Fundamentally, a robust U…