Commerzbank: Gold ETF Holdings Post Second Straight 16-Tonne Decline
Holdings of gold by global exchange-traded funds have now fallen by roughly 16 tonnes for two days in a row, points out Commerzbank, citing data tracked by Bloomberg.
Read moreGold Continues Slide, Equities Slow Their Ascent, Oil Weakens Further
It’s understandable that gold would continue to slide as we celebrate not so much Donald Trump’s victory as we do the end of the election itself.
Where Did That Gold Rally Go?
Last week at this time, most analysts expected that gold could rally to $1,400 an ounce on a surprise Trump victory. And, in the wee hours of Tuesday evening as it became apparent Trump was leading, gold delivered, jumping over 5%.
Read moreGold Bulls Couldn’t Withstand Trump Win; What Next?
(Kitco News) – Heading into the week, expectations were high that a surprise Trump win would be bullish for gold prices; that optimism has been dashed with gold prices ending the week at a five-month low.
Read moreGold Slammed To 5-Mo. Low On Rising Investor Optimism, Technical Selling
Gold prices ended a historic trading week sharply lower and careened to a five-month low Friday. A generally upbeat trader and investor psychology late this week (the “Trump rally”) worked against the safe-haven gold market.
Read moreWall Street, Main Street Mixed But Lean Toward Gold Bounce
That certainly didn’t go according to script.
Gold At 5-Month Lows – Why Aren’t Prices Up Following Trump’s Win?
(Kitco News) – Donald Trump’s surprise U.S. presidential victory has not been the apocalyptic event markets and analysts were predicting, which has caused a significant selloff in gold.
Market Update: Gold Slammed As 10-Year Yields Surge
Gold got slammed as a large commercial order of almost 8 metric tons was dumped on the market. The surging yield on the 10 year note continues to attract huge capital flows into the US$.
Read moreGold Hammered To 5-Mo. Low On Technical Selling, Improved Investor/Trader Optimism
Gold prices are sharply lower and have careened to a five-month low in late-morning trading Friday. Sell stop orders were triggered in the futures market when prices dropped below key support at the October low, to intensify the price downdraft.
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