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Gold, Silver Higher On Short Covering, Bullish Outside Markets

Gold and silver prices were ending the U.S. day session firmer Monday.

Standard: Palladium Not Likely To Trade Above Platinum On Sustained Basis

Gold has strengthened after weaker-than-expected U.S. economic data on exposed the U.S. dollar to losses and due to ongoing geopolitical tensions involving North Korea, says FXTM research analyst Lukman Otunuga.

Gold Spikes Higher After New York Manufacturing Sector Contracts In May

(Kitco News) – The manufacturing sector within the New York region lost momentum in May, contracting for the first time since October 2916, The New York Federal Reserve said Monday.

Gold, Silver Up Amid Bullish Outside Markets

(Kitco News) – Gold prices are moderately higher and silver prices are sharply up in early U.S. trading Monday.

Eldorado Agrees To Acquire Integra Gold In C$590 Million Deal

(Kitco News) – Eldorado Gold Corp. (TSX: ELD; NYSE: EGO) will buy all remaining shares of Integra Gold Corp. (TSXV: ICG) that it does not already own, under a deal valued at C$590 million and announced Monday.

Metals May Have New Lease On Life

Gold should have solid support in the $1,225 area, with a break above $1,237 setting up further gains. Silver’s first resistance is around $16.78, with support at $16.48

Gold, Silver: Are They Safe?

Gold Picks Up After North Korea Missile Test

Gold prices edged up during the opening hours of the Asian session on Monday, as safe-haven demand saw a boost following North Korea’s ballistic missile test a day earlier.

Ignore Gold; Analysts Watching To See If Silver Can Bounce Higher Next Week

(Kitco News) – With U.S. economic data not expected to sway the markets’ high expectations for a June rate hike, anlaysts say that gold could be sensitive to further selling presure as the U.S. dollar and equity markets remain elevated.

Dead Cat Bounce or Sustainable Bottom?

The precious metal miner consolidation process continues to frustrate participants as we head into the all too familiar “summer doldrums” period, which is now being anticipated by most sector pundits.