Gold 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.
Read moreWall Street Evenly Split On U.S. Dollar, Gold Direction
Wall Street and Main Street are divided on whether the U.S. dollar will come to gold’s rescue or plague the precious metal further next week, according to the weekly Kitco News gold survey.
REFILE: Jeff Christian On Gold In A Trump World
With gold prices coming off election highs Wednesday, one longtime industry expert says he still expects prices to move higher, although at a moderate pace.
Read moreHSBC: ‘Gold Does Have Its Bullish Factors’
While gold has been pressured lately by U.S. dollar strength and expectations for a Federal Reserve rate hike next month, there are some factors that should support prices, says HSBC.
Read moreRandgold, Newcrest To Form Exploration Joint Venture In Côte d’Ivoire
Randgold Resources (Nasdaq: GOLD) and Newcrest Mining Ltd. have signed an agreement to set up a joint venture for the exploration
Read moreFed Head To Trump: I’m Staying Put!
(Kitco News) – Fed Chair Janet Yellen continued to push back against President-elect Donald Trump’s criticism during the campaign trail and killed all speculation of an early departure.
Gold Sinks To 9-Mo. Low, Pressured By Strong Greenback
Gold prices are moderately lower in early U.S. trading Friday morning and hit a nine-month low overnight.
Read moreDivergence
Gold just managed to hold the $1,202 level overnight as the dollar continued to strengthen.
Read moreGold Tumbles Again on Strong Dollar, Positive Interest Rate Outlook
The dollar kept at its inexorable rise, driving down gold, silver, haven currencies and face price on bonds, all haven plays that no one wants to play with.
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