Money Managers Trim Bullish Gold Positioning For 2nd Straight Week
Money managers scaled back their net bullish positioning in Comex gold futures for the second straight week, this time by 16%, during the latest reporting period for data collected by the Commodity Futures Trading Commission.
Read moreGold Prices Drop After ISM Manufacturing Index Surprises On The Upside
Gold neared seven-week lows on Monday after the Institute for Supply Management said that its headline manufacturing index rose by to 60.8% in September.
Read moreINTL FCStone: Dollar, Receding North Korea Worries Likely To Pressure Gold
Gold could come under more pressure this month as the U.S. dollar remains stronger and market worries about North Korea’s military program recede, says INTL FCStone.
Gold Prices Hit 6-Week Low As U.S. Dollar Rallies
Gold prices are down and have slumped to a six-week low in early U.S. trading Monday.
Read moreSoaring Equities Not Going Away Anytime Soon – Blackstone’s Wien
With U.S. equity markets trading near all-time highs and trading in the green for several years now, some investors are concerned a downturn may be coming.
Read morePlatinum Near Bottom; Palladium On ‘Edge Of A Cliff’
Platinum prices may already be “near rock bottom” while palladium could be teetering “on the edge of a cliff,” said the consultancy CPM Group in a market commentary Friday.
LBMA: Gold, Silver Ounces Transferred Daily In August Declines
The amount of gold and silver transferred between accounts of London Bullion Market Association members fell month-on-month during August, the organization reported Friday.
Read moreNext Week’s Top 5 Market Movers That You Need To Know About
The first half of the historically stock-market-turbulent months of September and October has passed with little fanfare.
Read moreWall St. Bullish, Main St. Bearish On Gold Prices For Next Week
Wall Street is retaining a bullish tilt on gold prices for the short term, while Main Street is bearish, according to the weekly Kitco News gold survey.
Read moreS&P 500 Vs. Gold: Bloomberg Intelligence Weighs In On The Battle
Gold and the S&P 500 are currently in a tight race.