Gold, Silver Pressured By Strong Dollar, Weak Oil
Gold and silver futures prices ended the U.S. day session modestly lower Tuesday. The key “outside markets” were in a bearish daily posture for the precious metals, as the U.S. dollar index was solidly higher and crude oil prices were lower.
Scotia Bank Pressed For Emails In Gold Manipulation Case
Move over Hillary Clinton, Scotia Bank is now being pressed for internal emails in a trial looking to shed light on allegations of gold manipulation involving five major banks.
Read moreVan Eck Sees More Cost-Cutting By Miners, Upbeat On Gold
Van Eck looks for gold miner to keep cutting costs, and analysts remain upbeat on gold prices for the long term even though some near-term consolidation may be in the cards.
Read moreGold Remains Resilient; ETF Demand Grows Amidst Falling Prices – Saxo Bank
(Kitco News) – Although a stronger U.S. dollar will continue to provide headwinds for gold, with the risk of prices falling to $1,200 an ounce, one analyst said that there is strength and signs of tactical buying in the marketplace.
Read moreCiti Not Expecting Quick Silver Return To August Highs
Citi Research is not looking for silver to regain its highs from August any time soon. Spot silver broke below $18 an ounce on Oct. 4 for the first time in three months, following the initial European Central Bank announcement to potentially taper the …
Read moreBanro Reports Record 3Q Gold Production
Banro Corp. (TSX, NYSE MKT: BAA) reports that the Twangiza and Namoya mines produced a combined 53,377 ounces of gold during the third quarter, with year-to-date total production of 147,242 ounces.
Read moreGold And Silver Hanging On
Gold continues to struggle in the face of a stronger dollar as the price hovers between the $1,250 support line and resistance at the $1,260 200-day moving average.
Read moreGold Weaker Amid Bearish Outside Markets
Gold and silver futures prices are modestly lower in early U.S. trading Tuesday.
Read moreWorld Stock Markets Mixed As Asia Back From Holidays
(Kitco News) – European and Asian stock markets were mixed Tuesday. Asian markets are back in full swing after a week-long holiday in China last week and a holiday in Japan on Monday.
Positive Development in Gold Even with Dollar Strength
Although the biggest story of the day was rising oil prices, let’s talk about gold first.