Speculators Slash Bullish Gold Position; Price May Be Due For Bounce
Money managers slashed their bullish positioning in gold futures by 61% and flipped back to a net bearish position in silver during the most recent reporting week for data compiled by the Commodity Futures Trading Commission.
Read moreGold, Silver Feel Pressure From Strong U.S. Dollar
Gold and silver prices are weaker in early U.S. trading Monday.
Read moreBitcoin Daily Chart Alert – More Chart Consolidation Seen – May 7
Read more‘Gold On Path To $1,450’ Despite Higher U.S. Dollar – BAML
A commodity bull market is forming and gold has a big part to play, according to one Bank of America Merrill Lynch (BAML) strategist.
Read moreDon’t Throw In The Towel Just Yet Even If USD Moves Higher – Analysts
(Kitco News) – U.S. dollar strength remains the most significant headwind for gold prices next week, but many analysts and investors are not ready to turn bearish on the yellow metal as there is still a lot of uncertainty within financial markets.
Read moreWall, Main St. See Price Recovery
Wall Street and Main Street both look for gold to continue its recovery next week, based on the Kitco News weekly gold survey.
Read moreGold Slips Below Unchanged As U.S. Dollar Index Rallies
Read moreGold Gets Mild Lift From Slightly Downbeat U.S. Jobs Report
Gold prices are slightly up in early U.S. trading Friday, getting a modest boost from a U.S. employment report non-farm jobs number that was weaker than market expectations.
Read moreGold Prices Pop Higher Following Weaker-Than-Expected April Employment Gains
(Kitco News) – Gold prices turn positive Friday as the U.S. economy created few jobs than expected last month, according to the latest data from the Labor Department.
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