Commerzbank: Platinum Above 200-Day Avg., Gains Ground On Gold
Platinum has been making headway lately, both moving above a key long-term moving average gaining some ground against gold and sister metal palladium
Read more‘Purest’ Russian 51-Carat Diamond To Be Sold In Online Auction
A 51.38-carat diamond of unprecedented quality to ever come out of Russia will be sold off in an online auction scheduled for November, according to the Russian miner Alrosa.
Read more‘Purest’ Russian 51-Carat Diamond To Be Sold In Online Auction
A 51.38-carat diamond of unprecedented quality to ever come out of Russia will be sold off in an online auction scheduled for November, according to the Russian miner Alrosa.
Read moreSurge In U.S. Dollar Could Drag Gold Lower Next Week – Analysts
(Kitco News) – The gold market could struggle to find upside momentum next week as U.S. bond yields and a U.S. dollar surge higher in continued reaction to what economists have called a “solid” July employment report.
Axel Merk Sees Potential For Gold As Markets Ignore Fed Balance Sheet Risks
(Kitco News) – So far markets are taking the idea of the Fed shrinking its balance sheet in stride as valuations remain at record highs; however, one analyst warns that the new venture will not be without its risks, which investors need to prepare for.
Read more255k Ounces Worth of Gold Up For Grabs At Mega Millions Lottery
Another lottery is making headlines, this time the Mega Millions $323 million jackpot, which will be drawn Friday at 11p.m. EDT.
Read moreGold Loses Some Shine But Survey Voters Still Lean Higher
A strong U.S. jobs report for July blunted some of the short-term enthusiasm for gold, but wasn’t enough to make respondents in the weekly Kitco News gold survey bearish.
Gold Prices Are ‘A Little Too Rich’ For This Analyst
This week’s gold gains have been a bit too much for this analyst’s comfort, who says a reversal is in order as the Fed is bound to raise rates one more time this year in what already is a risk-on environment.
Price Group’s Flynn: Gold To Bounce After Jobs-Related Price Fall
Phil Flynn, senior market analyst with Price Futures Group, looks for the current gold weakness – in the wake of a larger-than-forecast rise in U.S. July nonfarm payrolls – to be temporary.
Gold Drops Moderately After Upbeat U.S. Jobs Number
Gold prices are moderately lower in early U.S. trading Friday, pressured by an upbeat U.S. employment report that falls into the camp of the U.S. monetary policy hawks.
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