Gold Prices Expected To Rise Next Week – Survey Participants

A majority of survey participants in the weekly Kitco News Gold Survey see higher prices next week.
In the Kitco News Gold Survey, out of 36 participants, 23 responded this week. Of those, 14 see prices up, while six see prices down and three see pric…

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ECB Starts Buying Asset-Backed Securities

The European Central Bank announced Friday that it has started buying asset-backed securities as it attempts to revive its stagnating economy and encourage lending among banks.

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Is The Federal Reserve To Blame For Physical Commodity Manipulation? – U.S. Senate

(Kitco News) – Thanks to easy access to capital provided by the Federal Reserve, Wall Street banks were able to bully their way into commodity markets and manipulate prices to their advantage, said Senator Carl Levin Friday.

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Major Gold, Silver Bear Says Market On The Verge Of An Uptrend

(Kitco News) – The gold and silver market could be on the verge of an uptrend but more confirmation is needed before one major market bear is ready to buy.

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Gold Rallies On Bullish Overnight News From China, Europe

(Kitco News) – Gold futures prices are moderately higher in early U.S. trading Friday, boosted on a surprise interest rate cut in China and by more dovish comments from the European Central Bank

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Ukraine’s Oct Gold Sale Likely Intensified Price Drop

Ukraine cut its gold holdings by 14 metric tons in October, according to the International Monetary Fund, MKS (Switzerland) says.

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The 6 PM Recap With Gary Wagner: Turbo Steroid Moves And Other Factors

Right around noontime in Asia, in the Hong Kong market, everyone breaks for meals practically at the same time. This slows the already meager Asian gold trade stream to a trickle. Someone has gotten hip to this herd activity and begun intensive algori…

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Gold Ends Mixed; Bullish Fundamental News Scarce

(Kitco News) – Gold futures prices ended the U.S. day session slightly lower Thursday, while the cash, or spot, gold market saw moderate gains on a corrective bounce from late selling pressure Wednesday.

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TDS Looks For Gold/Silver Ratio To First Rise, Then Reverse In 2015

TD Securities looks for gold to hold up better than silver in the early part of 2015 when both metals come under pressure, but then for silver to outperform in the latter part of next year when both bounce again. “The precious metals market is likely to strengthen materially in the latter part of 2015, but there will be considerable weakness into the next quarter or so,” TDS says. “Typically, a weak precious metals market implies silver underperformance due to its significantly higher volatility and its strong links to industrial activity. Conversely, recovering precious metals markets suggest that gold will recover less robustly relative to silver.” For now, expectations for Federal Reserve rate hikes next year are likely to pressure the metals, TDS says. Further, the U.S. dollar may rise further as the European Central Bank undertakes asset purchases. However, TDS doubts the Fed will be “too restrictive,” implying real rates should not increase much. “If inflation moves higher along with a reduction in the U.S. output gap in H1 2015, the cost of carry for gold and silver may not rise as much as many real money traders and specs think,” TDS says. “This should bring investors into gold and silver again, with silver outperforming due to volatility and the expected increase in industrial restocking and demand.” TDS sees gold averaging $1,200 in the first quarter of 2015 but rising to $1,275 in the fourth. Silver is seen averaging $17 in the first quarter but rising to $19.50 in the fourth.

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Traders: Gold May Struggle To Top $1,200 Ahead Of Options Expiration

Traders suspect that gold might have a hard time reclaiming $1,200 an ounce ahead of an options expiration Monday, while silver may remain around $16 or slightly below.

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