The Times They Are A-Changin
We know we are living in a new world. We know that the political framework in many countries around the world is changing. These changes have created an initial knee-jerk reaction that is now being more quickly digested by investors and traders.
Read moreHedge Funds Shed Gold, Silver Bullish Bets For Third Straight Week; But Is The End Near?
(Kitco News) – For the third consecutive week, hedge funds and money managers shed their bullish gold bets and increased their short exposure, according to the latest data from the Commodity Futures Trading Commission.
Read moreGold Hits 10-Mo. Low But Then Rebounds; Bears May Now Be Exhausted
Gold prices ended the U.S. day session modestly lower and well up from the daily low Monday, after scoring a 10-month low in morning action.
Read moreInvesting in Gold Now Compliant with Sharia Law – “Potential Huge”: WGC
The gold market might now have access to 1.6 billion new buyers. The yellow metal is acceptable for the first time as an investment in Islamic finance.
Read moreCiti Sees 2017 ‘Gold Price Pain Before Gains,’ $1,160 Average
Citi Research looks for gold to come under pressure in 2016, with a full-year average price forecast of $1,160 an ounce, and suggests that platinum group metals could outperform the rest of the precious-metals complex.
Read moreGold Extends Early Losses, Hits Another 10-Month Low
Gold prices are solidly lower and have hit another 10-month low in late-morning dealings Monday.
Read moreIs It Time To Catch The Falling Knife In Gold?
Gold traders are not in a cheery mood this holiday season. Sellers used the overnight bounce in gold, following the Italian “no” vote as the country rejected a spate of constitutional reforms – as a fresh selling opportunity.
Gold Loses More Ground Following Strong Reading In ISM Non-Manufacturing
(Kitco News) – Gold is pushing deeper into negative territory after the release of stronger-than expected U.S. service sector data for November.
Read moreDeutsche Bank To Pay $60 Million To Settle Gold Manipulation Lawsuit
(Kitco News) – Deutsche Bank has agreed to pay $60 million to settle allegations of gold price-fixing allegations, this according to a preliminary settlement filed Friday in the U.S. District Court in Manhattan.
Read moreSierra Metals: New Hoist At Mascota To Be Operational Soon
Sierra Metals Inc. (TSX: SMT) reports that a new hoist should be in operation by the end of the week at its Mascota shaft in Peru.
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