Gold Gets A Modest Boost From Weaker U.S. Dollar
Gold prices are firmer in early U.S. trading Thursday, supported by a drop in the U.S. dollar index on this day.
Read moreSP Angel: Softer U.S. Dollar Gives Boost To Gold Prices
Gold prices are stronger in reaction to foreign-exchange moves, even though outflows from gold exchange-traded funds continue, says commodities brokerage SP Angel.
Read moreU.K. Gilts Hit Record Low Yield Amid Resurgent Bond Rally
Short-term U.K. government bond yields fell to a record low Thursday as fixed income investors built defensive positions into the final trading days of the year.
Read moreTrading Thins as Participants Take Leave
Trading and volume have thinned as investors and traders are squaring and closing positions for this year, getting ready to celebrate a new year.
Read moreGold Slightly Up In More Quiet, End-Of-Year Trade
Gold prices ended another subdued trading session with slight gains Wednesday.
Read moreRepost: UBS: Gold Seen Averaging $1,350 In 2017; ‘Down But Not Out’
(Kitco News) – Swiss bank UBS looks for gold to average $1,350 an ounce in 2017, characterizing the metal as “down but not out” after significant price declines over the last few weeks.
RBC’s Gero: Little Impact On Gold Futures From Options Expiration
There was little impact on gold futures from an options expiration Tuesday, leaving the market monitoring moves in the U.S. dollar and traders exiting positions ahead of year-end for tax-related reasons, says George Gero, managing director with RBC Wea…
Read moreGold Slightly Higher On Year-End Position-Squaring
(Kitco News) – Gold prices are seeing slight gains in early U.S. trading Wednesday, on some profit-taking by the short-sellers (short covering) as the year 2016 winds down. Gold and silver bears are maintaining their firm control of the technical charts. February Comex gold was last up $1.50 an ounce at $1,140.30. March Comex silver was last down $0.064 at $15.925 an ounce.
Holiday Week Trading Begins
As this holiday week begins, we find that both safe haven and risk-on assets are in play. As of 3 o’clock EST, we have both the precious metals complex and US equities posting substantial gains on the day.
Gold Firmer In Quiet Trade; New Fundamental Developments Awaited
Gold prices ended the U.S. day session modestly higher Tuesday.
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