FXTM: Long-Term Outlook Still Favors Gold Bulls
The U.S. dollar’s ability to right itself has hurt gold this week, but the longer-term outlook remains constructive for the metal, says Lukman Otunuga, research analyst at FXTM.
Gran Colombia Gold: 4Q Output, Adjusted Profit Rise
Gran Colombia Gold Corp. (TSX: GCM) reports that its adjusted profit rose in the fourth quarter as gold production also climbed.
Read moreGold Prices Pounded Lower, Below $1,300, As USDX Rallies
Gold and silver prices are moderately lower in early U.S. trading Thursday. The precious metals bulls are fading late this week amid a resurgence of the U.S. dollar index.
Read moreGold Pares Loss After U.S. Jobless Claims Fall 5,000 To 211,000
Gold pared its loss after Labor Department data Thursday showed that initial weekly U.S. jobless claims fell by 5,000 to a seasonally adjusted 211,000 in the week to Saturday. Spot gold was last down $4.90 to $1,304.20 an ounce.
Read moreGold Prices Remain Down As Q4 GDP Misses Expectations With 2.2% Growth
(Kitco News) – The gold market continues to struggle to catch a bid despite disapointing economic data.
Read moreBitcoin Daily Chart Alert – Price Uptrend Still Alive – Mar. 28
Bitcoin-U.S. dollar prices are slightly higher in early trading Thursday.
Read more‘Short Palladium’: Entry Level $1,431, Target $1,230 — TD Securities
It’s time to short palladium, according to TD Securities, which is anticipating significantly lower prices in the short-term due to cracks in demand.
Read moreIs Resource Nationalism A Threat To The Mining Industry?
Resource nationalism is on the rise in at least 30 countries, with Russia and Democratic Republic of Congo (DRC) joining the list of “extreme risk” nations, which could see governments taking greater control of natural resources, according to global ri…
Read moreGold Investors Should Pay More Attention To Fed Action Than Nominee’s Words – Analysts
(Kitco News) – Gold investors should pay more attention to what the Federal Reserve is actually doing instead of listening to comments from a Federal Reserve governor nominee, according to two market professionals.
Read moreGold, Silver Prices Weaker On Profit Taking, Firmer USDX
Gold and silver prices are modestly down in early-afternoon U.S. trading Wednesday.
Read more