Gold Market See Little Reaction To Positive Tone From Fed’s Powell
(Kitco News) – Gold prices remain under pressure and are seeing little reaction to modestly positive comments from Federal Reserve Chairman Jerome Powell.
Read moreGold Trims Loss After U.S. Dec. Housing Starts Fall To 1.078 Million Units
Kitco News reports on U.S. housing starts for December
Read moreGold Prices Weaker; Bulls Hoping For Dovish Powell
Gold prices are modestly down in early U.S. trading Tuesday. The bulls need a new fundamental news spark, amid the recent upbeat trader and investor attitudes that have pulled buyers away from the safe-haven metals.
Read moreFXTM: ‘Gold Is Insulated From Extreme Downside Shocks’
While gold is softer so far Tuesday, the outlook for the metal remains favorable, says Lukman Otunuga, research analyst at FXTM. Shortly before 8 a.m. EST, spot gold was $3.90 lower to $1,323.20 an ounce.
Read moreBitcoin Daily Chart Alert – Bulls Need To Show Fresh Power Soon – Feb. 26
Bitcoin-U.S. dollar prices are weaker again in early trading Tuesday, following solid selling pressure on Sunday. Bulls are still working on a price uptrend on the daily chart but have faded a bit and now need to show power soon to keep the uptrend al…
Read moreIs Barrick Trying To Lower Newmont’s Stock Price With Its Hostile Takeover Tactic?
Barrick’s move “makes no sense” and could be a distraction to lower Newmont’s stock price, according to Franco-Nevada chairman Pierre Lassonde.
Fed’s Last Rate Hike Is An Inflection Point For Gold — Franco-Nevada’s President
Gold is already on a bull run and the last Federal Reserve rate hike will be an important inflection point for the precious metal prices, Franco-Nevada president and COO Paul Brink told Kitco News.
Read moreNewmont CEO Calls Barrick’s Approach “Nonsensical”
The chief executive officer of Newmont Mining, labeled a potential takeover attempt by rival gold miner Barrick Gold Corp., as “nonsensical.”
It’s A Good Time To Be A Palladium Miner
(Kitco News) – While some investors and analysts are worried that palladium’s new momentum is unsustainable, one mining executive said that the fundamental picture supports a long-term uptrend.
Standard Chartered: Gold ‘Risks Remain Skewed To The Upside’
The fundamental backdrop for gold remains favorable, says Standard Chartered in a research note issued just ahead of the weekend. The metal has eased since its multi-month highs in the middle of last week.
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