Gold 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.
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 moreGold Ends Near Steady; Optimism, Strong Greenback Squelching Bulls
Gold prices ended the U.S. day session slightly higher Wednesday, seeing mild support coming from a report on U.S. producer prices that was well below market expectations.
Read moreU.S. Dollar Has Room To Move Higher; Weigh On Gold – Analysts
(Kitco News) – After hitting its highest level in a year, the U.S. Dollar Index still has some momentum left in the near-term, which could be negative for the gold market, according to some analysts.
Read moreNewmont Declares Commercial Production at Long Canyon
Newmont Mining Corp. (NYSE: NEM) has reached commercial production at Long Canyon, a higher-grade oxide mine located less than 100 miles from its existing Nevada operations.
Read moreGold Market Shrugs Off Weaker Producer Prices
(Kitco News) – The gold market appears to be ignoring weaker than expected pipeline inflation pressures, as the yellow metal remains positive on the day.
Read moreBBH: Three Factors Underpinning U.S. Dollar
Three main factors are keeping the U.S. dollar strong, says Brown Brothers Harriman.
Read moreGold Slightly Up After Downside Miss on U.S. PPI Report
Gold prices are trading near unchanged levels in early U.S. dealings Wednesday.
Read moreGold and Equities Reconsidering; Bonds Sell-Off Slows
We are still in the midst of watching the dust from last week’s presidential election settle.
