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Gold Near Steady on Chart Consolidation; Fresh Inputs Awaited
Gold prices are trading not far from unchanged levels in early U.S. trading Wednesday, on some backing and filling on the charts after recent gains that saw prices hit a three-week high Tuesday. Traders are awaiting fresh, significant fundamental news…
Read moreSilver Demand To Drop 6.7% In 2014- GFMS
(Kitco News) – Total physical silver demand is seen down 6.7% in 2014 because of a weak first half of the year in most sectors, said Thomson Reuters GFMS late Tuesday.
The 6 P.M. Recap With Gary Wagner: Dollar Weakens, Ukraine Freaking
The euro turned bullish today and that drove the U.S. dollar down, thus pushing gold prices up.
Read moreBest Environment For Gold Right Now – Peter Schiff
(Kitco News) – With gold prices reaching a three-week high on Tuesday, one famed economist and CEO may not be so far off in saying that the metal is in the best fundamental environment right now.
Gold Higher On Short Covering, Bargain Hunting, Weaker U.S. Dollar
(Kitco News) – Gold prices ended the U.S. day session higher and notched a three-week high Tuesday. Prices pushed above $1,200.00 in overnight dealings.
Updated: ECB Unlikely To Buy Gold Despite Recent Comments – Analysts
(Kitco News) – The gold market is finding some support in part after news reports revealed that the European Central Bank could buy gold as part of its asset-backed securities purchase program, but some analysts think that step is an unlikely scenario.
Read moreShort-Term Technical Picture Improving As Gold Continues Recent Rebound
Gold’s action in the past two weeks bodes well for the metal in the short term, at least, analysts said.
Subdued, Cautious Tone Prevails At LBMA Conference
A subdued, cautious tone prevailed at last week’s London Bullion Market Conference, several attendees said, with the forecast for precious metals prices in October 2015 to be near current levels to slightly higher.
Remaining Investment In Gold ETFs Thought To Be ‘Stickier’ Than Years Past
Withdrawals from global exchange-traded funds have been blamed for accelerating the slide in gold prices during the past couple of years, but there is a notion in the marketplace that the investment now remaining in the ETFs is probably “stickier” and investors have more of a long-term view.
Indian Government May Restrict Gold Imports – Commerzbank
India’s Ministry of Finance may announce measures to restrict gold imports, possibly as early as Tuesday, says Commerzbank. Citing industry sources, the bank says the Reserve Bank of India is strongly supportive of new import restrictions following news that the value of gold imports in October soared by 280% year-on-year to $4.2 billion. “That said, this is partly due to a base effect. Any further limitation of gold imports would probably also lead to increased smuggling, which cannot be the Indian government’s intention. In addition, Indian jewelry retailers could increasingly resort to silver,” Commerzbank says.