Gold Stays Soft as Oil and Stocks Fall Modestly
There are a number of key fundamental issues afoot in the markets today. Among them are the confusing new jobs data; the persistent softness in gold; the seeming hitting of a ceiling by oil prices, and the free fall of the British pound due to what is now being called “hard Brexit.”
This Week’s Selloff Is Just A Bear Raid On Paper Gold – Gold Analyst
(Kitco News) – Gold traders can finally close the book on what has been a terrible week, with prices dropping more than 5%, the biggest weekly percentage decline since the yellow metal entered into a bear market in May of 2013.
Read moreFX Moves, Chinese Demand, ETF Interest, Fed Hold Keys For Gold
Time will tell whether the metal can regain its mettle when traders return next week after a nearly 5% sell-off this week.
Read moreThe Gold Herd Is Panicking: Are You?
History is littered with bubbles and manias. The tulip mania ending in 1637, the South Sea bubble of 1719-1720, the Roaring ’20’s U.S. stock market advance, the dot.com bubble into the March 2000 high, the U.S. housing bubble that preceded the Great R…
Read moreSurvey: Wall, Main Street Look For Gold To Bounce
Wall Street and Main Street alike look for gold to recover next week after the more-than-5% drop that occurred this week.
Read moreGold Prices Fall Below Key Support… Again, What’s Next?
(Kitco News) – Unable to hold on to its gains following a weaker than expected nonfarm payrolls report, gold futures have now fallen through key long-term support levels.
Read moreGold : An Already Brutal Week Gets Worse
Gold prices are trading lower and hit a fresh four-month low as midday approaches Friday. Futures prices quickly dropped several dollars an ounce and to a new low, which suggests a big sell order hit that market to trigger pre-placed sell stop orders.
Read moreRBC’s Gero: Short Covering Boosts Gold After Jobs Data
Comex gold futures bounced, helped by short covering after a softer-than-forecast report on U.S. nonfarm payrolls, says George Gero, managing director with RBC Wealth Management.
Read moreJobs Data Neutral For Gold Market
Job’s data was neutral with September U.S. non-farm payrolls coming in at 156,000.
Gold Bounces, Helped By Friendly U.S. Jobs Report
Gold and silver futures prices are modestly higher in early U.S. trading Friday, on a corrective technical bounce from recent strong selling pressure that drove both markets to four-month lows on Thursday.
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