Hedge Funds Relentlessly Liquidate Bullish Gold Bets For Fifth Straight Week
The gold market continue to see relentless selling pressure as hedge funds and money managers continue to shed long positions and increase their short bets ahead of the new year, according to the latest data from the Commodity Futures Trading Commission.
Read morePalladium Expected To Outperform Platinum In 2017
Continued supply deficits are expected to boost platinum and palladium prices in 2017, with palladium outperforming due to its heavier use in the key auto markets of the U.S. and China.
Read moreBMO Sees $1,175 Gold In 2017, ‘Constructive’ On Shares But Trims Targets
BMO Capital Markets has trimmed price targets for gold, silver and equities in the sector for 2017, although analysts still describe themselves as generally “constructive” on shares of mining companies.
Don’t Be Fooled: The Gold Selling Wave Isn’t Over Yet
Financial markets are heading into a two-week holiday lull period, which are often dominated by thin and illiquid trading volume.
Read moreGold To Turn Positive Because This Is Being Overlooked – ICBC
Gold’s future doesn’t look all that pretty, and most investors and analysts are expecting prices to fall lower on the back of what seems to be a recovery in the U.S. economy as the dollar strengthens and yields rise.
Commerzbank: Gold ETF Holdings Drop 26 Straight Trading Days
Outflows from global gold exchange-traded funds have continued unabated for 26 trading days in a row, with total holdings now at the lowest level since early summer, reports Commerzbank.
Read moreRichmont Gets Approvals To Increase Mine’s Processing Capacity
Richmont Mines Inc. (TSX, NYSE MKT: RIC) has received amendments of both air and wastewater environmental compliance approvals from the Ontario Ministry of Environment and Climate Change for the Island Gold Mine located in northern Ontario.
Read moreGold Modestly Up On Short-Covering, Bargain-Buying Bounce
Gold prices are firmer on some more short-covering in the futures market and perceived bargain-hunting in the cash market after hitting a 10-month low late last week.
Read moreHiking, Seizing and Hacking Dominate Weekly News
This week, traders and investors certainly had a multitude of new stories to focus upon.
Read moreGold Price Headed To $1,200 in Mid-2017 – Bank of America Merrill Lynch
It’s surprising how quick sentiment can change in five months, especially as the U.S. prepares to welcome a new President as Bank of America Merrill Lynch (BoAML) says it is now “cautious” on gold for 2017.
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