SocGen Trims 2017 Avg. Gold Forecast To $1,150/Oz
(Kitco News) – Societe Generale has trimmed its 2017 average price forecasts for gold, citing potential for more aggressive Federal Reserve tightening, a stronger U.S. dollar and subdued demand from emerging markets and central banks.
Read moreGold Extends Early Gains To Trade Near Daily High
Gold prices are rallying in late-morning trading action Monday, after showing just slight gains in early-morning dealings.
Read moreStocks Drop as Wall Street Reacts to Immigration Uncertainty
Stocks declined on Monday morning, following European markets lower, as investors grew nervous over a White House immigration ban that fueled weekend protests across the country.
Read moreGold Gains: Could This Be The Week Stocks Turn Lower?
(Kitco News) – Gold prices climbed higher in early trading Monday, while U.S. stock prices slid lower. Uncertainty is boosting gold as traders brace for a busy week of economic data, a Federal Reserve meeting and for potential fallout from President T…
Read moreGold Resource Suspends Operations After Fatal Accidents
Find breaking precious metals mining news with Kitco News Mining Minutes. Regularily updated, these briefs provide the latest company and mining equity updates on the gold, silver, and precious metals’ mining
Read moreWGC, SSGA Launch Gold ETF Hedged Against U.S. Dollar Strength
(Kitco News) – The World Gold Council and State Street Global Advisors (SSGA) are launching a new gold-backed exchange-traded fund that reduces the impact of the U.S. dollar on gold investing.
Read moreHSBC: Lower Prices May Boost Indian Gold Demand
TD Securities suggests that pullbacks in the U.S. dollar may be buying opportunities. Analysts note the dollar has posted five straight weekly declines and retraced nearly 50% of its post-election bump higher.
Read moreGold Traders Confused
The world is reacting to President Trump’s travel ban, which is unlikely to create economic issues but the optics continue to suggest an inward-looking policy.
Gold Sees Mild Corrective Bounce; Firmer Greenback Limits Gains
(Kitco News) – Gold prices are slightly higher on a corrective rebound from recent selling pressure that saw prices hit a three-week low last Friday. However, a higher U.S. dollar index on this day is limiting buying interest in the precious metals markets. February Comex gold was last up $1.20 an ounce at $1,189.60. March Comex silver was last down $0.031 at $17.105 an ounce.
Unpredictable and Uncertain, Yet Good for The Economy
President Donald Trump completed his first full week in office and it has become extremely evident that what you see is what you get.
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