Wall St. Bearish, Main St. Bullish On Gold Prices
Wall Street and Main Street are slightly split on where gold is headed next week, according to the weekly Kitco News gold survey.
Read moreGold Off Its Lows As ISM Manufacturing Data Disappoints
(Kitco News) – Gold prices remain down but are off their session lows as sentiment within the U.S. manufacturing sector fell more than expected, according to the latest data from the Institute for Supply Management (ISM).
Read moreFXTM: Gold Bulls Lose Battle, But War Still Rages On
Gold is on the defensive but the fight isn’t over, says Lukman Otunuga, research analyst at FXTM. Spot metal was trading down $8.35 to $1,304.70 as of 8:49 a.m. EST and hit a two-week low of $1,304.55.
Gold Prices Holding Near Two-Week Low As Inflation Rises In Line With Expectations
(Kitco News) – Gold prices are trading near a two-week low, testing support just above $1,300 an ounce as U.S. consumer inflation pressure rise in line with expectations.
Read moreLBMA: Gold Ounces Transferred Daily Falls In Jan.; Silver Volume Up
The amount of gold transferred between accounts of London Bullion Market Association members fell during January, while silver volume rose, the organization reported Friday.
Read moreJaguar Mining Reports 81% Jump In Proven, Probable Reserves
Jaguar Mining Inc. (TSX: JAG) reports that consolidated proven and probable reserves at the Pilar and Turmalina mines increased 81% year-over-year (net of 2018 depletion).
Read moreGold, Silver Bulls Fade As Traders Favoring Paper Assets
Gold and prices are lower in early U.S. trading Friday. Gold notched a two-week low, while silver hit a five-week bottom.
Read moreBitcoin Daily Chart Alert – Collapse in Volatility Says Bigger Move Coming – Mar. 1
Bitcoin-U.S. dollar prices are near steady in early trading Friday. Prices are pausing in quiet trading this week.
Read moreGold’s Technicals Are Looking Strong, Pointing To $1,480 In 2020 — Westpac
The technical set-up for gold is quite strong at the moment and even though prices won’t break above $1,350 in the short-term, next year traders could see multi-year highs of $1,480, according to Westpac global head of market strategy Robert Rennie.
What’s Not To Like About Gold Right Now?
Things are looking up for gold after the Federal Reserve “capitulated” amid stock market volatility, said Adrian Day Asset Management CEO Adrian Day.