Investors Preparing For The End Of The Equity Bull Run And Turning To Gold – Will Rhind
(Kitco News) – Investor conviction in equity markets is starting to dissolve with the S&P declining 6.6% last month, its worst May performance in seven years and its second-worst going back to the 1960s.
Funds Increase Bullish Gold Positioning, Pessimistic Toward Silver
(Kitco News) – Large speculators moved back into gold during the last reporting week for positioning data compiled by the Commodity Futures Trading Commission, although these accounts remained pessimistic toward most of the metals with more industrial …
Read moreGold At New Session Highs As U.S. Stocks Hit Daily Lows
(Kitco News) – Gold prices continue to get a good safe-haven bid in late-morning trading Monday. Prices just hit a new daily high and are at a nine-week high.
Read moreGold Prices Holding Near 2-Month Highs After U.S. ISM Manufacturing Survey Falls In May
(Kitco News) – Gold prices are holding near a two-month high as the sentiment in the U.S. manufacturing sector fell closer to contraction territory last month, according to the latest data from the Institute for Supply management (ISM).
Read moreLBMA: Gold Ounces Transferred Daily Rises In April; Silver Volume Falls
(Kitco News) – The amount of gold transferred between accounts of London Bullion Market Association members rose during April, while silver volume fell, the organization reported Friday.
Read moreRBC’s Gero: Gold Breaks Higher Out Of Trading Range
(Kitco News) – Gold has broken higher out of its prior trading range, said George Gero, managing director with RBC Wealth Management. Comex August gold has traded as high as $1,317.80 an ounce early Monday, its most muscular level since late March.
Read moreGold Prices Power To 9-Week High Amid Risk Aversion
(Kitco News) – Gold prices are posting double-digit gains and hit a nine-week high in early-morning U.S. trading Monday. Safe-haven demand remains in play to start the trading week and the month, as global stock markets are selling off.
Read moreBitcoin Daily Chart Alert – Bulls Still Have Firm Technical Advantage – Jun. 3
(Kitco News) – Bitcoin-U.S. dollar prices are firmer early Monday. Bulls remain in overall near-term technical control amid a price uptrend still in place on the daily chart.
Read moreMalaysian PM Wants Gold-Backed Pan-Asian Currency: ‘Gold Is Much More Stable’
(Kitco News) – The idea for gold-backed currency got a nod of approval from the Malaysian Prime Minister Mahathir Mohamad, who proposed a common trading currency pegged to gold for all of East Asia.
Read more‘Boring’ Gold To ‘Fire Up’ With Scotiabank’s ‘No Trade Deal’ Scenario
(Kitco News) – A bigger move in gold is coming when the market “internalizes” a “no trade deal” scenario, said Scotiabank, pointing to escalating tensions between the U.S. and China impacting global growth and inflation outlooks.
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