Gold To Perform Well In February Despite Current Selloff – INTL FCStone

Despite recent downside pressure in gold prices, Edward Weir of INTL FCStone says he expects the metal to do well this month. “Although struggling so far in February, we think gold will do better as well in February, since we do not think that the heightened volatility in equities is over just yet,” he says. Weir notes several factors contributed to gold’s strength in January, including the unprecedented move by the Swiss National Bank as well as uncertainty stemming from Europe, and although they have seemed to calmed down, he is positive on his outlook for gold. “[We] expect to see a $1225-$1310 trading range prevailing,” he says. “Longer-term, the most recent Reuters poll has gold averaging $1234 in 2015 and $1278 in 2016, levels that might prove too low if central banks start to second-guess themselves again,” he adds. Weir says that although silver prices can benefit from gold’s strength, he expects the yellow metal to outperform silver.

Randgold’s Loulo-Gounkoto Complex Could Still Grow – Bristow

Randgold Resources (NASDAQ:GOLD)(LSE:RRS) is looking at developing a third underground mine at its Malian-based Loulo-Gounkoto gold mining complex. “Regardless of the potential Gounkoto underground mine, subject to the gold price remaining at current levels, the complex is forecast to up its profitability from its existing mining activities through increased production and reduced unit costs on the back of higher grades, improved recoveries and the benefits of its ongoing capital projects,” says Mark Bristow, chief executive officer of Randgold. He adds that the complex has 8 million ounces of gold in reserves. He also continued to give his support to investing and developing Mali as a country. “Now, more than ever before, Mali needs investment and private sector support as it contends with the Islamist incursion in the north, the abiding threat of an Ebola recurrence and the challenge of rebuilding the economy after the period of civil unrest some years ago,” Bristow says. “If we continue to work in partnership with each other, these obstacles too can be overcome.”

Fed Could Surprise Markets With Premature Rate Hike In 2015 – Blackstone

Many ‘surprises’ are in store for 2015, some of which, according to one investment banker, could be a premature U.S. Federal Reserve rate hike, and an unsuccessful easing program in Europe.

Gold Weaker Amid Lack Of Fresh Bullish News

Gold prices are again modestly lower in early U.S. trading Tuesday.

ECB Easing Won’t Have Much Impact On Gold: BoAML

Bank of America Merrill Lynch (BoAML) says the European Central Bank’s (ECB) decision to move aggressively in government bond purchases won’t likely impact gold. During its Jan. 22 meeting, the ECB signaled to the market that it will be fighting against growing deflationary risks. “While we acknowledge that gold has featured more highly on investors’ radar screen as of late, there has been some apprehension over the impact the recent ECB easing may have on gold quotations,” BoAML says in its research note Monday. “An increase in central bank action is often seen as bullish by gold market participants. Yet, we believe the impact of a more pro-active ECB on gold is somewhat ambiguous this time around for several reasons. Most notably perhaps, there is limited risk that peripheral spreads will blow out again (rising spreads were very bullish for gold at the height of the Eurozone crisis), while USD may be pushed higher further.”

Gold Sees Modest Rally Late, After Quiet Session

Gold prices saw a late upside push to finish modestly higher on the day Monday, after trading weaker most of the session. Bullish “outside markets” on this day—a weaker U.S. dollar index and higher crude oil prices—helped to give the gold and silver buyers the late advantage. It was a calmer start to the trading week, following an active period seen last week. That also allowed for some backing and filling on the technical charts. April Comex gold was last up $1.90 at $1,281.10 an ounce. March Comex silver last traded up $0.055 at $17.27 an ounce.

UPDATED: Europe On Its Heels, Gold Headed To $1,400/oz In 2015 – Capital Economics

(Kitco News) – Although gold prices have retreated from mid-month gains, one UK-based research firm noted that the metal has managed to gain about 7% year-to-date, and it expects prices to be boosted further by uncertainty surrounding Europe.

ICE To Replace London Gold Fix

(Kitco News) – The Intercontinental Exchange (NYSE:ICE) will be administering the London Bullion Market Association (LBMA) gold fix in March 2015, when it will replace the London Gold Fix, which has been used since 1919.

Gold In A ‘Sweet Spot’ As Central Banks Pursue Aggressive Easing

Globally, central banks are aggressively pursuing inflationary monetary policies while weakening their currency to promote more economic growth, and one European fund manager sees or said he sees this as the perfect environment for gold.

Technical Trading: Gold Corrects After $1300 Ceiling Holds Firm

Feb. 2—Corrective forces have taken hold of the gold market following a strong rally move in recent weeks. Since the start of 2015, gold has climbed as much as 10% higher to the late January peak. But, now, simply put, gold bulls are tired and are due for a rest.

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