Stocks, Oil, Dollar Will Give Gold Direction Next Week

Gold prices eked out a higher close for the week for the first time since the last week of August as the U.S. dollar retreated following a sharp rally in the past few months.

Reaching A Milestone In Precious Metals Coverage

(Kitco News) – After 1,000 videos, 50 conferences, 173,185 miles traveled, 12,000 articles, and over 1 million viewers, Kitco News is celebrating a milestone – our 5-year anniversary.

Survey Participants Have Split Views On Gold Price Direction Next Week

Views on where gold prices will go next week are split in the weekly Kitco News Gold Survey, with only a nominal number of survey participants seeing higher prices.

Nomura Currency Analysts Think Swiss Gold Vote Unlikely To Pass

(Kitco News) – Although more attention is being focused on Switerland’s gold referendum on Nov. 30, currency analysts at Nomura said a “yes” vote could be difficult to achieve, according to the country’s voting statistics.

Weaker Global Equities Still Not Enough To Scare Gold Shorts – Analysts

(Kitco News) – Despite a “risk-off” day in global financial markets, gold is in a wait-and-see mode Friday morning, watching to see if equity prices can stabilize after Thursday’s sharp drop, according to some analysts.

Friday’s Forex Analytical Charts

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

Lake Shore Gold Knocking Cost Off Ounces – CIBC

CIBC expects Lake Shore Gold Corp.’s (TSX:LSG)(NYSE MKT:LSG) all-in sustaining costs to come in lower than previously expected.

Gold Near Steady; Safe-Haven Demand Offsetting Bearish “Outside Markets”

Gold prices are near steady in early U.S. trading Friday. Safe-haven demand for the yellow metal is being met with bearish “outside markets”–a firmer U.S. dollar index and lower crude oil prices–to keep gold prices from straying too far from unchanged. December Comex gold was last down $1.00 at $1,224.30 an ounce. Spot gold was last quoted up $0.80 at $1,224.75. December Comex silver last traded down $0.088 at $17.33 an ounce.

Chinese Demand Picks Up After Holiday – MKS

Chinese traders were back in the market following their Golden Week holiday, with strengthening demand for kilobars prevalent in the last two days, says MKS (Switzerland).