REFILE: Will Gold Trade Below $1,200? – Top Analysts Speak Out
Federal Reserve monetary policy tightening, the U.S. dollar, higher yields and strong equity markets are but a few of the factors weighing on the gold market right now.
Read moreIs Gold Headed Towards $1,133? – Citi
Gold investors are questioning whether or not the metal can fall below $1,200 as the market is faced with significant selling pressure, and one bank says it could fall another 6%.
Read moreSaxo Bank Bullish On Gold In Q3, Sees $1,325 As Year-End Range
In its Q3 outlook, Danish Saxo Bank maintained a “bullish” outlook for gold, adding that the U.S. Federal Reserve might be too optimistic on rate hikes, while the stock market could face a long-overdue correction.
Hedge Funds Bearish Bets On Silver Hit Record Levels; More Selling To Come
(Kitco News) – It has been a wild rollercoaster ride for silver as bearish bets have hit historic levels, pushing net-long positioning to its lowest level in nearly two years, a sharp contrast to the record bullish bets seen just three months ago.
Read moreGold Pushes To Daily High As Bargain Buyers Step Up
(Kitco News) – Gold prices are holding moderate gains in late-morning trading Monday.
Read moreLME Rolls Out Gold, Silver Contracts For First Time In Decades
The London Metal Exchange (LME), the world’s biggest industrial metal exchange, introduced gold and silver futures contracts on Monday, Bloomberg reported.
Standard Chartered: Gold Weakness Offers Buying Opportunity
Gold is under pressure again Monday due to the combination of U.S. dollar strength and rising prospects for tighter global monetary policy, says FXTM research analyst Lukman Otunuga
Read moreGold Sees Small Recovery After Falling To 4-Mo. Low Overnight
(Kitco News) – Gold prices have recovered modest overnight losses that saw the market drop to a nearly four-month low. Silver futures are lower and hit a 16-month low today.
Read moreKirkland Lake Reports Record 2Q Gold Production
Kirkland Lake Gold Ltd. (TSX: KL) reports second-quarter gold production was a quarterly record of 160,156 ounces, a 24% increase from the same period a year ago and 23% higher than the previous quarter.
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