Gold Sees More Profit Taking Ahead of Important Events
Gold prices are moderately lower on some more profit taking and technical chart consolidation after hitting a seven-week high earlier this week.
Read moreECB Interest Rates Unchanged; No More Cuts Expected
The European Central Bank Thursday left interest rates unchanged, as was widely expected.
Read moreGold Traders Need To Look Past ECB, U.K. Election And Focus On Fed
Thursday is a huge day for the market, with the ECB meeting, general elections in the U.K., and former FBI director James Comey’s testimony. But, one analyst said he is looking through these events and focusing on the Fed meeting instead.
New Gold Rush: Vaults In High Demand As Investors’ Storage Needs Surge
European companies that specialize in storing precious metals are seeing a boom in demand, this according to a report by Bloomberg.
Read moreGold Extends Losses After Former FBI Director’s Prepared Testimony Remarks
The gold market saw additional selling pressure in late-afternoon trading Wednesday, following the release of prepared remarks from former FBI director James Comey, for his testimony to the U.S. Congress on Thursday.
Read moreGold Sees Some Profit Taking Ahead Of Big Day Thursday
Gold prices ended the U.S. day session modestly lower on a normal downside technical correction and some profit taking from the shorter-term traders, after hitting a seven-week high Tuesday.
Read moreCan Gold Keep Climbing Next Week? VOTE NOW!
Bulls or Bears? Wall Street vs. Main Street puts together leading analysts and regular metals investors to find out where they think gold is headed next week.
Read moreStandard Chartered: U.S. Treasury Yields To Be Key Driver For Gold
Yields on U.S. Treasury notes (USTs) are likely to be the biggest influence on gold going forward, say analyst with Standard Chartered.
Read moreGold Bulls Now Targeting $1,377.00, And Above
It’s always prudent for traders of any market and any trading timeframe-even the short-term intra-day traders-to examine longer-term price charts, such as weekly and monthly charts.
Read moreNervous Investors ‘Go For The Gold’ – OptionsXpress
Gold futures are among the “few bright spots for commodity bulls,” with prices poised to test their 2017 high, says Mike Zarembski, senior commodities analyst with optionsXpress.