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(Kitco News) – Analysts appear mixed as to whether or not Russia could be selling its gold reserves to prop up its faltering currency and economy.
Read more(Kitco News) – Gold prices avoided taking a tumble with crude oil prices this week, but market watchers said traders need to be on guard for erratic swings next week as it is the last full trading week of 2014 and there is a Federal Open Market Committee meeting.
Read more(Kitco News) – With gold prices holding over $1,200 an ounce, a majority of participants in the weekly Kitco News Gold Survey forecast the yellow metal to rise next week.
Read morePlatinum has edged higher lately but remains range-bound; however, there are signs of improving physical demand, Mitsubishi says. Meanwhile, year-end activity could help palladium. “There was evidence of greater physical demand in China as the SGE (Shanghai Gold Exchange) premium ticked up to over 5%, perhaps as seasonal pre-Chinese New Year buying starts to kick in,” the firm says. Palladium this week regained the 50% retracement of the three-month downtrend from September to November, but there is one worrisome technical signal in the short term. “The 200-day moving average is looking to cross above the 100-day moving average, and the momentum indicator is moving below the moving average line, bearish signals that could imply a short-term reversal,” Mitsubishi says. “However, beyond the immediate term, a daily close above $821 would likely open up a new trading range to $843 and eventually $869. While we are positive on the fundamentals for the metal, the approaching Christmas holidays could mean relatively subdued physical demand in the weeks ahead, meaning that investment flows and macroeconomic conditions will largely drive prices. Investor year-end squaring and window dressing could be positive for palladium, which has been the best-performing of the major precious metals in the year to date.”
Read more(Kitco News) – Gold prices could be under some pressure in the first half of 2015 as the market anticipates the Federal Reserve raising interest rates, but once the Fed moves, the yellow metal may be able to end the year on firmer footing.
Read moreGold prices have dropped to their session lows in mid-morning U.S. trading Friday. Some profit-taking pressure from the shorter-term futures traders is featured after the big price gains seen on Tuesday, as well as some more chart consolidation. Still…
Read more(Kitco News) – Lower oil prices in November appear to be impacting pipeline inflation pressures, according to the latest data from the U.S. Department of Labor.
Read moreGold prices are not straying too far from unchanged in early U.S. trading Friday. More backing and filling on the charts is featured following Tuesday’s big gains.
Read moreAs we pointed out yesterday the Volatility Index (VIX) has been going crazy. It is up 34% this week, meaning there is much more implied volatility in markets of all kinds.
Read more(Kitco News) – B2Gold Corp. (TSX:BTO)(NYSE MKT:BTG) poured first gold at their Otijkoto gold mine, located in Namibia.
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