Gold Erases Early Losses, Ends Near Steady
Tuesday’s trading was a victory for the gold market bulls.
Gold Is Undervalued Say Record Number of Fund Managers – BAML Survey
(Kitco News) – The gold market, holding near three-month highs, could have more potential as a recent survey shows a record number of fund managers see the yellow metal as undervalued.
Read moreGold Pares Losses As Traders Step In And Buy The Dip
Gold prices are trading modestly lower in late-morning action Tuesday, and have pared daily losses by about half from what they were at the start of the U.S. Comex session.
Read moreGold Prices Off Session Lows Following Weak Flash Manufacturing Data
(Kitco News) – Preliminary data pointing to modestly slower growth in the U.S. manufacturing sector is helping gold prices push off its session lows.
Read moreCiti Ups 2017 Gold Forecast To $1,180/Oz
Citi Research has upped its 2017 gold-price forecast slightly, listing a full-year average below current prices but calling for an uptick in the short term.
Read moreDean Gehring To Lead Newmont’s South American Business
Newmont Mining Corp. (NYSE: NEM) has appointed Dean Gehring to lead the company’s South America business beginning June 1.
Gold Lower Amid Stronger U.S. Dollar, Hawkish Fed Talk
Gold prices are moderately lower in early U.S. trading Tuesday.
Read moreSafe-haven Gold Making A Comeback Next Week? – RBC’s Gero
All eyes will be on Wednesday’s release of the minutes from the last meeting of the Federal Open Market Committee, says Commerzbank.
Metals Fighting Improved Global Financial Outlook
Metals have a generally weaker bias this morning, after economic data from France and Germany indicated economic activity was almost at six-year highs.
Read moreUSD, Gold To Complement Each Other In Uncertain Global Financial Environment – Degussa
(Kitco News) – The U.S. dollar’s negative impact on gold could be weakening as investors search for safe-haven assets according to one global precious metals company.