April Is ‘As Good As It Gets’ For Gold in Q2; But Don’t Worry – ICBC’s Kendall
Despite gold catching a bid late in the week, one analyst says investors should not get too excited as April might be ‘as good as it gets’ for the metal, at least for this quarter.
Oh Those Crazy Brits, They Find Gold In The Strangest Places…
(Kitco News) – First, two British tank restorers find five solid gold bars in the gas tank of a Russian T54/69 tank. Now, in the same week, it was announced that a piano tuner has found what is believed to be the largest hoard of gold sovereigns in an…
Read moreGold To Be Sensitive To French Elections; Uptrend Still In place – Analysts
(Kitco News) – While gold is expected to maintain is bullish uptrend, the market could see some short-term profit taking next week as some major risk events de-escalate, reducing investor demand for safe-haven assets, according to some analysts.
Read moreVoters Remain Upbeat About Gold Although Ardor Cools Some
Voters in the weekly Kitco News gold survey remain upbeat on the metal’s fortunes for the week ahead, although their enthusiasm has waned some since last week when roughly three-quarters of Wall Street and Main Street alike called for prices to rise.
Gold Prices See Little Reaction Following 10-Year High In Existing Home Sales
(Kitco News) – Gold prices continue to shake off U.S. economic data as U.S. consumers bought more homes in March, according to the latest report from the National Association of Realtors (NAR).
Read moreGold Ignores Soft Flash Manufacturing And Service Sector Data
(Kitco News) – Gold prices remain relatively unchanged on the day following a weaker-than-expected reading in preliminary U.S. manufacturing and service data.
Read moreLaSalle’s Nedoss: Gold Technical Picture ‘Constructive’
Comex gold still has a “constructive” technical posture, especially as long as the June futures remain above their 10-day moving average around $1,279.60 an ounce, says Charlie Nedoss
Gold Slightly Up Ahead Of Uncertain Weekend
Gold prices are slightly higher in early U.S. trading Friday, as traders are edgy ahead of a weekend French presidential vote and still-heightened geopolitical tensions.
Read moreUPDATE: Honeywell tops profit and sales estimates, shares jump 1.6%
Honeywell International Inc. HON, +0.84% said Friday it had net income of $1.332 billion, or $1.71 a share, in the first quarter, up from $1.216 billion, or $1.56 a share, in the year-earlier quarter. Excluding divestitures, per-share earnings came to $1.66, ahead of the FactSet consensus of $1.62. Sales edged down to $9.492 billion from $9.522 billion, but were also ahead of the FactSet consensus of $9.328 billion. Chief Executive Darius Adamczyk said all businesses contributed to higher earnings. “The commercial aftermarket within aerospace and the global distribution business within home and building technologies remained strong,” he said. Performance materials and technologies were boosted by demand for Solstice low-global warming products, he said. The company is now raising the low end of its full-year outlook by 5 cents and expects EPS of $6.90 to $7.10. Shares rose 1.6% premarket, and are up 7% in 2017, while the S&P 500 SPX, +0.76% gained 5%.
Trump Must Stop China’s Dangerous Behavior With North Korea – Gordon Chang
As North Korean state media threatens to launch a “super-mighty preemptive strike,” that would reduce South Korea and the United States “to ashes,” Gordon Chang, author of the 2006 bestseller ‘Nuclear Showdown: North Korea Takes on the World,’ says there are “bad signs” going forward.