Gold Slightly Up On Short Covering, Chart Consolidation
Gold prices are slightly higher early U.S. trading Tuesday, on mild short-covering in the futures market and a little bargain hunting in the cash market, after hitting a four-week low overnight.
Read moreRBC’s Gero: Further Selling In Gold May Attract Bargain Hunting
Gold slipped to its lowest price in nearly a month but the market does have some supportive influences that could mean bargain hunting, thereby limiting further falls, says George Gero, managing director with RBC Wealth Management.
Read moreGold To Drift To $1,200 By Year-End On Optimism And Fed Tightening – OCBC
Gold prices will return to $1,200 in the second half of 2017, as markets embrace a more hawkish Fed amid an improved economic outlook, OCBC Bank said in a report. The bank also cautioned not to rule out geopolitical risks.
Read moreHedge Funds Ditch Gold Ahead Of Fed Decision, More Selling To Come – Analysts
(Kitco News) – After three weeks of growing bullish interest, culminating in a seven-month high, hedge funds were quick to take profits last week and liquidate those positions on the eve of the Federal Reserve interest rate hike, according to the lates…
Read moreGold Adding To Daily Losses Heading Into U.S. Close
Gold prices are moderately down, near their session lows and at a four-week low in late U.S. trading Monday.
Read moreOptimistic Outlook By Fed’s Dudley Weighs On Gold
(Kitco News) – Gold is not getting much love from the Federal Reserve’s second in command who provided an upbeat outlook on the U.S. economy that continues to support interest-rate hikes.
Only Extreme Breakdown In Brexit Negotiations Will Boost Gold Prices – Analysts
(Kitco News) – Brexit negotiations officially kick off Monday and there would have to be an extreme breakdown in talks to push gold prices higher, according to some analysts.
Read moreTahoe: Escobal Silver Guidance Unaffected By Road Blockade
Tahoe Resources Inc. (TSX: THO, NYSE: TAHO) says that a road blockage by protestors near its Escobal silver mine in Guatemala has not affected output guidance for the year.
Read moreGold At 4-Week Low On Bearish Charts, Stable U.S. Dollar
Gold prices are modestly down and hit a four-week low in early U.S. trading Monday.
Read moreWalsh’s Lusk: Comex Gold Around Long-Term Moving Averages
Comex August gold is trading right around a couple of key long-term moving averages, which are important chart support for the metal, says Sean Lusk, director of commercial hedging with Walsh Trading.
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