Gold Prices Steady-Weak; U.S. Data Awaited

Gold prices are steady to slightly lower in early U.S. trading Tuesday. Traders are awaiting fresh market inputs to drive prices, and a heavier slate of U.S. data Tuesday could move the markets. Still, the U.S. dollar index hovering near Monday’s four-year high continues to provide a bearish anchor for the precious metals. February Comex gold was last up $0.90 at $1,197.60 an ounce. Spot gold was last down $1.30 at $1,197.50. March Comex silver last traded up $0.20 at $16.635 an ounce.

HSBC: ‘Yes’ Swiss Vote Would Support Gold; ‘No’ Vote Neutral For Prices

A “yes” vote on an upcoming Swiss referendum would support gold prices while a “no” vote would be neutral, says HSBC. This weekend, Swiss voters go to the polls for a referendum that would mandate the Swiss National Bank hold 20% of its assets in gold, among other measures. Should it pass, the central bank would have to purchase 1,500 metric tons of gold over five years and this would “give bullion a significant morale boost,” HSBC says. The amount of gold would be roughly equivalent to all of China’s gold consumption in 2013, the bank adds. “The impact of a ‘yes’ vote could quickly translate into prices and take gold as much as USD50/oz higher, we believe,” the bank says. However, a “no” vote is broadly expected, based on polls, thus this outcome would be unlikely to significantly impact gold prices, HSBC says.

The 6 P.M. Recap With Gary Wagner: Certain Uncertainty

After trying to hold the $1200 level, gold has shied back and is hovering right below that psychological mark. The continued strength in equities has helped limit gold’s upside, although silver, due to industrial factors, found a tiny bit of power – well, a spark, is more like it.

Restarting The Atomic Age? Lockheed Martin Announces Break-Through In Nuclear Fusion

In post-war USA, “Skunk Works” was Lockheed Martin’s near-autonomous research and development group that gave the country products like the “U-2” spy plane or the “SR-71 Blackbird”, pushing technology to limits no one else had dared to explore before.

Gold Ends Steady-Weak as Bull Run in Equities Continues to Limit Buying Interest

Gold prices ended the U.S. day session steady to modestly lower Monday. The yellow metal did move up from its daily lows by the close, as the U.S. dollar index moved below unchanged to its daily low. February Comex gold was last down $0.70 at $1,197.7…

Refile: Gold, Silver Jewelry To See Biggest Discounts On Black Friday – WalletHub.com

(Kitco News) – According to one retail sector survey, jewelry could be the hot-ticket item on Black Friday as this category will see the biggest discounts on average.

Nichols: Surprise ‘Yes’ Vote On Swiss Referendum Would Underpin Gold

Gold should benefit if Swiss voters surprised market participants and voted in favor of a Nov. 30 gold referendum, says Jeffrey Nichols, managing director of American Precious Metals Advisors and senior economic advisor to Rosland Capital. The main focus of the gold market is a provision that would require 20% of the country’s central bank reserves to be in gold, which Nichols says would require purchases of 1,500 metric tons likely spread out over five years. He says this is “an amount that could be fulfilled by the world gold market without any difficulty but would nevertheless provide considerable support to the price.” The central bank and Swiss Finance Ministry have opposed the referendum. Recent polls show the referendum likely will not pass, therefore the market is not expecting any change in Swiss central bank gold policies, Nichols says. “However, major bullion dealers and a number of leading analysts are of a mixed mind,” Nichols says. “A ‘no’ vote against raising Swiss gold reserves would likely have no lasting influence on the metal’s price…but a surprise ‘yes’ vote would likely prompt a short-term rally followed by a higher long-term average gold price.”

Gold Still Has Plenty Of Upside – Capital Economics

(Kitco News) – With gold hovering around $1,200 an ounce, commodity analysts at Capital Economics see plenty of long-term potential for the yellow metal as they stick with their call that prices will hit $1,400 an ounce by year-end 2016.

Johnson Matthey: Platinum, Supply Deficits Topping 1 Million Ounces In 2014

Platinum and palladium will both post annual supply deficits of more than 1 million ounces in 2014 largely due to a five-month strike in South Africa, but also improving auto-catalyst demand, Johnson Matthey reported Monday.

Higher Prices Encourage Large Speculators To Boost Gold Holdings – CFTC

Higher gold prices encouraged large speculators to add to their bullish Comex gold futures and options holdings, reversing some of their recent reductions in net-long positioning, as seen in the latest Commodity Futures Trading Commission weekly data….

« 1 … 779 780 781 782 783 … 815 »