Gold Prices Retreat as Equities Trade to a New All-Time High
Today gold traded under moderate pressure, and as of 5:00 Eastern Standard Time, is trading approximately $10 lower (spot gold) at $1231, with April futures trading roughly 6 ½ dollars lower at $1233 per ounce.
Gold To Do Well On Watered-down Trumponomics In 2017 – Fund Manager
(Kitco News) – Gold’s rally in 2017 will depend entirely on how effective the rollout of President Donald Trump’s economic and fiscal policies – dubbed Trumponomics – will be, which is making one portfolio manager slightly more bullish.
Gold Ending 5-day Winning Streak As U.S. Dollar Firms
Gold prices were ending the U.S. day session weaker Thursday, on a corrective pullback from recent gains that saw prices Wednesday hit a nearly three-month high.
Read moreGold’s Technical Outlook Improves To Neutral; Watch For Profit Taking – Analyst
(Kitco News) – One major gold bear, who has said that last year’s nearly 30% rally was nothing more than a correction in a larger bear market, has now turned neutral to slightly positive on the precious metal.
Gold Slips Below Unchanged On Profit Taking, Firming U.S. Dollar Index
Gold prices have lost modest early gains and are trading slightly lower in late-morning action Thursday.
Read moreWhere is gold headed? VOTE NOW!
(Kitco News) – Where do you think gold prices are going next week? Vote now in the Kitco News Wall Street vs Main Street weekly gold survey.
Read moreGold Holding Gains Despite 12K Drop In Weekly Jobless Claims
(Kitco News) – Gold continues to hold near three-months highs despite stronger than expected U.S. labor market data.
Read moreGold Firmer As Bulls Maintaining Technical Power
Gold and silver prices are modestly higher and trading not far below their nearly three-month highs hit on Wednesday.
Read moreCiti: Policy, Political Uncertainty Underpinning Gold
Gold has broken to 2017 highs this week, with a rally in January due to lower U.S. yields and a weakening U.S. dollar, while continued upward momentum in February is largely the result of macroeconomic uncertainty, says Citi.
Read moreTwilight Zone
I can understand the angst of retail investors when it comes to precious-metals investments, We are in a different paradigm.
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