Gold Ends Slightly Up In Lackluster, Two-Sided Trading
Gold prices ended the U.S. day session modestly higher Tuesday, on some short covering and bargain hunting following recent losses that saw prices hit a nine-month low last week.
Read moreGold In Euro Terms Looks More Promising With A Strong USD
(Kitco News) – According to one market analyst it could be only a matter of time before gold prices fall below $1,200 an ounce as the Federal Reserve prepares to raise interest rates in two weeks.
Read moreGold Falls Below Unchanged As Stocks Rally, Outside Markets Turn Bearish
Gold prices have lost their moderate early gains to trade weaker in late-morning trading Tuesday.
Read moreGold Futures Weighed Down By Surge In Existing Home Sales
(Kitco News) -Gold futures have been unable to hold on to its gains Tuesday morning as stronger-than-expected home sales data for October weighs on the market.
Read moreEldorado Gold Completes Sale Of Chinese Assets
Eldorado Gold Corp. (TSX: ELD; NYSE: EGO) reports completion of the sale of its interest in the White Mountain and Tanjianshan mines and Eastern Dragon development project to an affiliate of Yintai Resources Co. Ltd.
Read moreTDS: Any Dip Below $1,200/Oz Gold ‘Should Be Bought’
TD Securities does anticipate a complete collapse in gold and suggests any price dips below the $1,200-an-ounce level “should be bought.”
Gold Sees Corrective Bounce Following Recent Pressure
Gold prices are moderately higher in early U.S. trading Tuesday, on some more short covering and bargain hunting following recent selling pressure that saw prices hit a nine-month low last week.
Read moreTrump Rally Continues as U.S Stocks run to New Record Highs
As we approach Thanksgiving later this week, it seems as though the recent presidential election continues to have a positive influence on the US equities markets. The overall market sentiment continues to be a short-term optimism based upon the current belief that President-elect Trump’s policies will be supportive of business as a whole. It also includes optimism that the new administration will add fiscal stimulus in addition to the monetary stimulus already being funded by the Federal Reserve.
One Step Closer To Developing One Of The World’s Largest Gold Mines
(Kitco News) – Seabridge Gold (TSX: SEA, NYSE: SA) is one step closer in the development of one of the world’s largest gold mines after receiving a key license from the Canadian Government.
Gold Ends Slightly Up, But Down From Daily Highs
Gold prices ended the U.S. day session slightly higher Monday, on mild short covering in the futures market and a bit of bargain hunting in the cash market.
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