Jim Rickards Says There is Much More Behind Mnuchin’s Fort Knox Visit and Germany’s Gold Saga
Between Germany getting its gold back and Treasury Secretary Steve Mnuchin’s visit to Fort Knox, lots of “weirdness” is going on in the gold space, this according to best-selling author Jim Rickards.
The Face Of India’s $45 Billion Gold Industry Is About To Change Forever
As India’s government continues to push for more transparency, the country’s gold industry is looking at irreversible changes, with the biggest threat facing small businesses, Bloomberg reported.
Is Gold Losing Its Safe-Haven Luster? Mohamed El-Erian Thinks So
Gold’s recent surge above $1,300 was a subdued reaction to geopolitical tensions, this according to one famed economic pundit, who says the metal’s safe–haven status may be in question.
Gold Pressured On Some Profit Taking, Upbeat U.S. Data
Gold prices were ending the U.S. day session moderately lower Wednesday, on profit taking from the shorter-term traders, which was not unexpected.
Read moreINTL FCStone: Gold May Draw Chart-Based Buying On Price Dips
Gold is softer around mid-morning Wednesday, but after recent strength, price pullbacks could be seen as buying opportunities, says Edward Meir, commodities consultant with INTL FCStone.
Read moreGold Retreats As U.S. Q2 GDP Growth Revised Up To 3%
Gold prices fell following the release of better-than-expected second quarter GDP data.
Read moreGold Sees Normal Profit Taking; ADP, GDP Reports Also Bearish
Gold prices are moderately lower in early U.S. trading Wednesday, on some profit taking from the shorter-term traders, which is not unexpected.
Read moreGold Falls After ADP Report Says U.S. Aug. Private-Sector Jobs Up By 237,000
Kitco News reports on ADP private-sector payrolls for August
Read moreHere’s Why Louise Yamada Says Gold’s Going To Break Out
“You do have enough here to argue that gold can go higher.”
These were the words of veteran technical analyst Louise Yamada as she appeared on CNBC’s Futures Now Tuesday, when the metal rallied to levels last seen right after the U.S. presidential election last year.