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.
Read moreTrump’s To-Do List
President Donald Trump got things heated with Mexico, signed executive orders approving the Keystone XL and Dakota Access pipelines, withdrew from the Trans-Pacific Partnership and started the dismantling of Obamacare.
Read moreLook At The Dollar & Yields, Not Gold Technicals – Marex Spectron
With gold trading around key technical levels, some analysts are looking at the charts to decipher future price action; however, one London-based analyst suggests it may be a waste of time.
Read moreFed Unlikely To Provide Support For Gold Next Week – Analysts
(Kitco News) – After disappointing economic growth at the end of the fourth quarter, all eyes will be on the Federal Reserve next week as they hold their first monetary policy meeting of the year. Ahead of the meeting, analysts are cautious as to what …
Read moreCrystal Ball Forecast: Hope Stirs Rallies, But Reality Kills Them
No matter your trading timeframe it is helpful to keep an eye on big picture cycles in economies and financial markets. Currently, the U.S. economy is at the crux of a number of important cycles.
Read moreGold Could Hit 2015 Lows, But This Analyst Is Not Worried
One analyst is not too worried about short-term weakness in the gold market, given that it has potential to shine in the latter part of the year.
Read moreMain St. Leans Bearish, Wall St. Mixed On Gold
(Kitco News) – Main Street leans bearish and Wall Street is mixed on the direction of gold prices in the next week, according to the Kitco News gold survey.
Read moreWhat The Most Expensive Rolls-Royce Looks Like…Yup, It Has Gold!
(Kitco News) – Gold, often a symbol of luxury, has done it again!
Read moreGold Weaker, But Downbeat U.S. Data Limits Selling Pressure
Gold prices are modestly lower and hit a three-week low in early U.S. trading Friday.
Read more