Gold Hits 10-Mth High; These Are 3 Key Drivers – Analysts
Gold continued its rally Monday, breaching above the key $1,300 level and hitting a 10-month high.
Read moreHere’s How You Can Help People Hurt By Hurricane Harvey
Hurricane Harvey has crippled America’s fourth-largest city.
Gold Hits 10-Mo. High On Weak Greenback, Bullish Charts
Gold prices were ending the U.S. day session solidly up, well above the key $1,300.00 level, and hit a 10-month high Monday.
Read moreHigher Royalties Threaten Australia’s Gold Output
Even though gold production continues to expand in Australia, the biggest threat facing the industry comes from potential royalty hikes, which would slash investments, according to Melbourne-based gold consultants.
Read moreGold Powers to 10-Month High On Slumping U.S. Dollar, Technical Buying
Gold prices are solidly higher and have hit a 10-month high in midday dealings Monday.
Read moreFor A 6th Straight Week, Money Managers Bet On Gold
Money managers kept adding to their net bullish positioning in gold as minutes of the most recent Federal Open Market Committee meeting suggested that U.S. monetary policymakers have a dovish mood, analysts said.
Read moreGold Above $1,300.00, More Upside Likely
Gold prices are moderately higher and have pushed back above the key $1,300.00 level in early U.S. trading Monday.
Read moreCommerzbank: Gold Boosted By Weak Tone In U.S. Dollar
Spot gold has been underpinned by a softer U.S. dollar, says Commerzbank. As of 7:47 a.m. EDT, spot gold was $7.55 higher to $1,298.80 an ounce.
Read moreGold To Tackle ‘Great Wall’ Of Resistance Next Week – Analysts
Gold will be on the offensive next week, once again trying to break through the $1,300 level where it faces a “great wall” of resistance, analysts told Kitco News.
Much Ado About Nothing
Well, Fed Chair Janet Yellen spoke this Friday at the much-hyped annual retreat of central bankers in Jackson Hole, Wyoming.
Read more