Standard: Gold Positioning Light Given Rising Political Risk
With the first quarter nearly in the rear-view mirror, one analyst suggests the gold rally may not yet be over, especially since prices will be linked to what the Trump administration does during the second quarter.
Read moreGold To Average $1,259 In 2017 With Prognosis For Long-term Higher Prices – GFMS
(Kitco News) – Geopolitical uncertainty across the globe was the main driver behind Last year’s 524 tonne build in exchange-traded funds (ETF), which marked the largest jump since 2009, GFMS analysts at Thomson Reuters said in the latest Gold Survey on Friday.
Gold Sees More Selling Pressure Amid Firmer Greenback
Gold and silver prices are weaker in early U.S. trading Friday. More profit-taking from the shorter-term futures traders is featured to end the week.
Read moreBarrick Reports Cyanide Restrictions At Veladero Facility
Barrick Gold Corp. (NYSE, TSX: ABX) reports that the provincial government of San Juan in Argentina has temporarily restricted the addition of cyanide to the Veladero mine’s heap leach facility
U.S. Mint Records Weakest March Sales In 3 Years
U.S. Mint had the weakest March since 2014, selling only 21,000 ounces of gold in various denominations of America Eagle gold coins.
Read moreIt Took 25 Minutes For Thieves To Steal 100kg Coin – German Investigators
(Kitco News) – According to updated reports, German investigators believe that it took only about 25 minutes for thieves to make off with a 100 kilogram pure gold coin earlier in the week.
Read moreGold Down On More Profit Taking, Solid Rebound In U.S. Dollar
Gold prices ended lower and near the daily low Thursday.
Read moreTrading Activity In Gold, Silver Drop For Second Straight Month As Prices Rise
For the second consecutive month, trading activity in gold and silver was subdued in last month as prices continued to rise, according to the latest trade data from the London Bullion Market Association.
Read moreA Tale Of Two Outlooks: An Isolated U.S. Would Be Best For Gold – Natixis
(Kitco News) – While the gold market is highly sensitive to U.S. bond yields, one French bank sees potential for gold to hit new multi-year highs in 2018 if the U.S. government pushes protectionist policies.
Read moreRBC’s Q2 Gold Forecast Still In Tact, But Potential For Upside Risk
Despite gold catching a bid amid political turmoil and growing uncertainty, analysts at RBC Capital Markets are maintaining their conservative Q2 price forecast for the metal.
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