Trump-Led Inflation Will Be Good For Gold – Fund Manager
(Kitco News) – Gold’s selloff may have more room to go as markets continue focus their attention, not on Trump-led inflation pressures but rather, on the idea that the President-elect will bring about growth to the U.S. economy, this according to one fund manager.
Gold Prices See Death Cross But Analysts Say Market Is Oversold
(Kitco News) – After Wednesday’s nearly 2% drop in gold, investors have a one-day reprieve as U.S. markets are closed for Thanksgiving, and according to some analysts, the outlook is mixed.
Gold and Silver Prices Plunge, US Dollar and Equities Values Surge
Market trends which developed immediately following the election of Donald Trump as the 45th president of the United States not only continue, but seem to be strengthening.
Read moreGold Drops Below $1,200, Hits 9-Mo. Low, Amid Upbeat U.S. Data, Strong Dollar
Gold prices ended the U.S. day session solidly lower, hit a nine-month low and fell below key chart support at $1,200.00 Wednesday.
Read moreWhere There Is Smoke? Market Reacts To Indian Gold Ban
Although unconfirmed, recent market chatter has some experts taking the threat that the Indian government could ban gold imports into the country seriously.
Read moreGold Under Pressure But Ignores Expected Fed Minutes
(Kitco News) – Gold prices remain under pressure, ignoring the minutes of the Federal Open Market Committee meeting, which as expected signals that the central bank is ready to raise interest rates in December.
Read moreIndian Gold Import Ban: Fact or Fiction?
Prime Minister Narendra Modi’s move to ban 500 and 1,000 rupee notes caught the country by surprise, with many Indians now looking to liquidate their stockpiles of cash.
In YTD Terms, Gold Is Still One of The Best Performers
Gold investors are rattled Wednesday as the metal falls below key psychological support of $1,200 an ounce on the back of stronger U.S. economic data, which pushed the U.S. dollar, equity markets and bond yields higher.
Read moreVote Now In The Kitco Weekly Gold Survey
(Kitco News) – Where do you think gold prices are going next week? Vote now in the Kitco News Wall Street vs Main Street weekly gold survey.
Read moreFall In U.S. New Home Sales Unable To Boost Gold Prices
(Kitco News) -Weaker than expected new home sales last month is not providing much support for gold as prices fall more than 2% following the data.
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