New York Fed Sees Sharp Rise In Manufacturing Sentiment
(Kitco News) – The Empire State manufacturing survey shows business sentiment surged higher in New York in August, the New York Federal Reserve said Tuesday.
Gold Down on Less Risk Aversion, Stronger U.S. Retail Sales
Gold prices are lower in early U.S. trading Tuesday, on follow-through selling pressure from Monday’s declines and on some more normal profit-taking pressure from recent good gains.
Investors Prepare: ‘Gold Is About To Break Out’ – Gartman
Gold bulls were pleasantly surprised on Monday as profit taking turned out to be fairly tamed, after the yellow metal hit a nine-week on Friday. Now, some analysts are saying big things are in store for the precious metal.
Read moreBulls Call For $1,400 Gold As Metal Gains Strength
Gold’s pullback on Monday isn’t fazing one Russian-based investment banker, who is calling for a $1,400 price tag by year end.
Despite Some Weakness, Not A Bad Day For Gold
The gold market had several bearish elements working against it Monday, yet prices finished just modestly down and up from the daily lows.
Read moreEveryone Shuns The Dollar; What Does It Mean For Gold?
Traders haven’t been this bearish on the U.S. dollar in more than three years, as highlighted by one Melbourne-based bank and the latest data by the U.S. Commodity Futures Trading Commission.
Will Higher Volatility Help Gold? Maybe Not Says This Analyst
It seems to be common knowledge that when market volatility rises, so does the gold price.
Read moreGold, Silver Bears Continue To Feel The Pinch
(Kitco News) – As expected, hedge funds bearish on gold and silver felt the pinch once again last week, as they were squeezed out while the market remained resilient in the face of continued strength in the labor market, according to analysts.
Read moreGold To Be Sensitive To Fleeting Safe-Haven Demand This Week
(Kitco News) – The lack of any new rhetoric between the U.S. and North Korea is helping to ease geopolitical tensions and taking some of the safe-haven appeal away from gold as analysts warn investors that there could be further selling as market sent…
Read morePrecious Metals Will Remain Supported As Fed Officials Become More Cautious: FXTM
Following Friday’s weaker-than-expected inflation reading for July, analysts at Commerzbank say that economic data is starting to take its toll on interest rate expectations.