ABN AMRO Downgrades Gold Outlook As Prices Remain Below 200-DMA
(Kitco News) – The bears are back in the woods as more bank analysts downgrade their gold forecasts following last week’s more than 5% drop, its biggest percentage decline in almost three years.
Gold’s Bull Market Over; Prices To Fall In Next Two Years – Natixis
(Kitco News) – Unprecedented investor demand that helped drive gold prices almost 30% higher this year is expected to come to a halt as the market deals with higher global interest rates in the next two years, according to one French bank.
Read moreLBMA Moves Transparency Plans For Gold Market Forward
Gold traders wanted more transparency, and gold traders are going to get it, based on an announcement Wednesday from the London Bullion Market Association.
Read moreGold Pushes Higher On Short Covering, Bargain Hunting
Gold prices have moved up from modestly lower levels to trade modestly higher in late-morning trading Wednesday.
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 moreWalsh’s Lusk: Gold Selling Has Been Liquidation, May Be ‘Temporary’
Sean Lusk, director of commercial hedging with Walsh Trading, describes much of the selling pressure in the gold market over the last couple of weeks as long liquidation in Comex futures.
Read moreGoldman Sachs Sees Gold At Major Technical Crossroads
(Kitco News) – Major U.S. investment bank Goldman Sachs sees the gold market at major technical crossroads, noting that this past year the market has been in a “corrective process” since hitting the multi-year lows in December.
Gold Under Pressure From Stronger Greenback; FOMC Minutes On Deck
Gold and silver futures prices are modestly lower in early U.S. trading Wednesday.
Read moreMetals Shackled By Stronger Dollar
Metals continue to struggle against the strength of the dollar. The path of least resistance appears to be lower as traders await the FOMC meeting minutes due out this afternoon.
Read moreSilver Standard Reports Record Quarterly Production
Silver Standard Resources Inc. (NASDAQ: SSRI; TSX: SSO) posted record quarterly production of 112,559 gold-equivalent ounces in the July-September period.
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