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Gold Rallies on Short Covering, Bargain Hunting, U.S. Stock Market Sell Off
Gold prices are posting decent gains and have pushed back above the $1,200.00 level in late-morning dealings Monday. The gold futures market is seeing short covering, while in the cash gold market bargain hunting is featured. The sell off in the stock…
Read moreGold Firms, Bucking US Dollar Gains
(Kitco News) – Comex February gold futures are firmer in early Monday action as the yellow metal bucks the strength in the U.S. dollar. Generally strength in the U.S. dollar is a negative factor for gold.
Gold Near Steady as Bearish Outside Markets Limit Buying Interest
Gold prices mixed in early U.S. trading Monday—futures slightly higher and spot (cash) prices slightly lower. Bearish “outside market” forces are keeping gold buyers scarce to start the first full trading week of the new year.
The 6 P.M. Recap With Gary Wagner: Slouching Toward Normal Trading
The holidays are slouching toward an end and the dollar almighty is ruling the road. The euro was down about 1% against the U.S. currency and, accordingly, oil fell – but even more than that, around 1.3%.
Gold Bounces Off One-Month Low To End The Week In Neutral Territory
(Kitco News) – Gold prices have managed to bounce off one-month lows as analysts saw some short-covering and bargain hunting in the marketplace, Friday.
ISM Manufacturing Index Falls To 55.5 In December
(Kitco News) – The U.S. manufacturing sector continued to lose momentum in December, adding to November’s decline, according to the latest data from the Institute for Supply Management.
Despite High Expectations Gold Ends 2014 in Neutral Territory; Palladium Outperforms
At the start of 2014 expectations were high that the gold market could shake off and recover from 2013’s drop, where prices ended the year in negative territory for the first time in 12 years.
Weaker Euro Drags Down Gold, Boosts U.S. Dollar
Gold prices are starting the year on a soft note as the euro loses ground following dovish comments from the European Central Bank President Mario Draghi.
Read moreThe 6 P.M. Recap With Gary Wagner: Every Other Day
Today, oil took another licking and gold came along for the ride. The dollar was up strongly once more, except against the British pound. Contradicting the usual expectations, U.S. equities were down, although that might be expected as those who are r…
Read moreU.S. Interest Rates May Remain Low As 2015 FOMC Is Seen As Dovish – Deutsch Bank
(Kitco News) – U.S. monetary policy might continue to remain loose in 2015 as the Federal Open Market Committee will have a dovish tilt, according to one U.S. economist.
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