Gold Down Amid Bearish Outside Markets, Charts
Gold prices are lower in early U.S. trading Tuesday.
Read moreGold Gives Back Against A Rising Dollar Overnight
The dollar regained some footing overnight, gaining about 1% against the yen, which took the edge off gold’s recent bounce.
Are the Tides Turning for Gold, Equities and the US Dollar?
For the first time since the presidential elections were held on November 8 we are seeing a distinct reversal of the trends which developed immediately following the election results.
Read moreGold Has Some Potential Ahead Of Italian Referendum Sunday
(Kitco News) – Some analysts are warning investors to not count gold out just yet as financial markets prepare for Italy’s congressional reform referendum on Sunday.
Gold Sees Corrective Bounce After Recent Selling Pressure
Gold prices ended the U.S. day session moderately higher Monday, on some perceived bargain-basement buying in the cash market and on short covering in the futures market.
Read moreGold Ban or Not, India’s Gold Market Will Shrink – Analyst
(Kitco News) – While the rumors of the Indian government imposing a gold ban appear to be more fiction than fact, one market researcher says that the government’s clampdown on the country’s underground economy and on “black money” will continue to take its toll on the gold market.
Is Another Debt Ceiling Storm Brewing?
Phew. What a couple of weeks it has been. If you look at the financial markets –there have been some big shifts.
Gold To Weaken as U.S. Economy Remains ‘Bright Spot’ – Gan
Although moderately higher so far Monday, gold prices continue to be under pressure and one well-known Singapore-based analyst expects the weakness to continue, downgrading his year-end forecast for the metal.
Read moreMKS, Commerzbank: Shanghai Gold Premium Hits Multi-Year High
The Shanghai Gold Exchange premium soared to multi-year highs overnight, with Commerzbank citing recent news reports that China’s government may restrict the number of import licenses and MKS (Switzerland) S.A. reporting that dollar weakness also boosted the appeal of gold.
Gold Up On Bargain Buying, Short Covering
Gold prices are moderately higher in early U.S. trading Monday, on some perceived bargain-basement buying in the cash market and on short covering in the futures market.
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