Strategists: Rising Open Interest Along With Higher Prices Bodes Well For Gold

The number of open positions in gold futures has risen with the price in recent sessions, which reflects fresh buying entering the market and hints at a more optimistic view among traders, strategists say.

Wednesday’s Forex Analytical Charts

Wednesday’s Analytical Charts for Gold, Silver and Platinum and Palladium

Consumers Need 20% More Gold But 25% More U.S. Dollars To Buy A Home Compared To 2009

(Kitco News) – The gold market’s 2013 correction, which saw the biggest drop in prices in more than 30 years, damaged the yellow metal’s purchasing power from the last five years, but has not completely erased it.

Gold-Mining Stocks Looked Much Better 5 Years Ago

(Kitco News) – For investors who bought gold-mining stocks in 2009, and are still holding those positions today are reading this, we’re not trying to rub it in.

Soft U.S. Data Sends Gold To 5-Week High As Stocks, Dollar, Treasury Yields Fall

(Kitco News) – Three major U.S. economic reports Wednesday morning were all softer than forecast, sending gold to a nearly five-week high as equities, the U.S. dollar and Treasury yields sagged, traders said.

U.S. Producer Price Index Falls 0.1% in September

Producer prices for finished goods fell by a seasonally adjusted 0.1% in the U.S. during September, the Labor Department said Wednesday.

U.S. Retail Sales Fall 0.3% In September

Empire State Manufacturing Index Falls 21 Points To 6.2 In October

(Kitco News) -The Empire State manufacturing survey shows that business conditions in New York weakened significantly in October, giving back all of the gains seen last month, the New York Federal Reserve said Monday. 

Gold Firmer, Hits 4-Week High, Amid Increasing Fear in Market Place

Gold futures prices are moderately lower in early U.S. trading Wednesday, on a downside correction from recent gains and on some profit taking by the shorter-term futures traders.