UBS Closes Physical Gold-Trading Operations At Three Swiss Branches
According to one Swiss national newspaper, the European physical gold market shrank Wednesday as Swiss bank UBS closed its gold-swapping operations at three of its banks — in Zurich, Basel and Geneva.
Read moreGold Struggling to Hold Gains Following Mixed CPI Data
(Kitco News) – Although gold prices are holding on to slight gains, relatively positive economic data, including mixed inflation numbers, could start to weigh on the market.
Read morePhiladelphia Fed Manufacturing Index Falls To 7.6 In November
Philadelphia Fed Manufacturing Index Falls To 7.6 In November
Read moreU.S. Weekly Jobless Claims Fall By 19,000 To Lowest Rate Since 1973
U.S. Weekly Jobless Claims Fall By 19,000 To 235,000
Read moreGFMS: Silver Market To Post Fourth Straight Supply Deficit In 2016
The global silver market is expected to post its fourth consecutive supply deficit in 2016, this time to the tune of 52.2 million ounces, said the GFMS team of Thomson Reuters in its Interim Silver Market Review.
Read moreGold Near Steady After Batch Of Mostly Upbeat U.S. Data
Gold prices are trading slightly higher in early U.S. dealings Thursday, supported by the key “outside markets” that are in a bullish daily posture for the precious metals
Gold Prices Remain Positive Following Yellen Comments Supporting December Rate Hike
(Kitco News) – Gold prices are holding on to gains Thursday morning despite comments from Federal Reserve Chair Janet Yellen that supports an interest rate hike in December.
Read moreGold Trying To Consolidate
Gold appears to have absorbed the recent rise in short-term rates and remains supported at the $1,220 level, awaiting a fresh catalyst to generate the next leg.
Read moreGold Spot Prices and Futures Diverge as Dollar Moves Higher Again
Although we are expecting a pullback any day, the U.S. dollar rode higher against the euro on the day, up around 0.40%. The rise affected all sorts of markets, although curiously, the bond market saw face values rise finally and yields slip a bit.
Read moreGold Closes Below $1250 Bringing New Bull into Question
Just a mid-week heads up on the miners here as I believe gold breaking below $1250 last Friday is a huge red flag. Something bearish happened on the way towards the GDX testing strong support at 21-20.
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