Only 20% Chance Trump’s Economic Policies Would Be Gold Negative – Macquarie
(Kitco News) – Financial markets might be a little too optimistic on President-elect Donald Trump’s proposed economic stimulus plans and that could be good for gold as prices continue to languish at lower levels, according to analysts at Macquarie.
Trump-Election Optimism Prompts Hedge Funds To Dump Gold And Silver – Analysts
(Kitco News) – The latest data from the Commodity Futures Trading Commission show that hedge funds and money managers fled their bullish gold and silver bets last week on hopes that policies proposed by president-elect Donald Trump would stimulate e…
Read moreGoldman Trims Near-Term Gold View But Sees $1,250 In One Year
Goldman Sachs downgraded its three- and six-month forecasts for gold to $1,200 an ounce Monday on ideas that the precious metal could be pressured by continued economic growth and liquidation from exchange-traded funds, but sees $1,250 a year from now.
Read moreWas The U.S. Dollar Rally A Big Bull Trap?
A surge in crude oil futures and weakness in the U.S. dollar are supporting the gold market in early trading Monday. The gold market fell to a technical support floor last week and for now, gold bulls have found a key short-term toe-hold above the $1,…
Read moreStay Balanced And Exposed To Gold
Metals received some attention overnight, as Asian buying picked up against the backdrop of a weakening dollar.
Read moreAdrian Day Sees Gold Eventually Moving Higher
Gold has fallen since Donald Trump won the U.S. presidential election, but look for the metal to eventually turn higher again, says Adrian Day, chairman and chief executive officer of Adrian Day Asset Management.
Read moreGold Bounces As Key “Outside Markets” Bullish Today
Gold prices are moderately higher in early U.S. trading Monday, on some short covering in the futures market and bargain hunting in the cash market
Read moreGet Ready For An Oversold Bounce In Gold
(Kitco News) – The gold market has taken it on the chin since the election of Donald Trump to the White House. Financial markets are pricing in expectations of future Fed interest rate hikes and also a big economic stimulus package that could boost in…
Read moreGold Is Pummeled by Dollar, Continues Free Fall
With the U.S. dollar rising, it seems, by the hour, gold and silver have nowhere to go except down. Today the U.S. super currency was up 0.35% against the euro, gained almost twice as much on safe haven yen and banged out a 0.30% rise against the Swis…
Read moreGold Ending The Week Near Key $1,200 Support, Traders To Watch USD & Bond Yields
There will be two major themes continuing in the marketplace when trading begins next week: a surging U.S. dollar and slumping world bond market prices.
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