What Rally? Gold’s Been In A Downtrend All Along – Commerzbank
(Kitco News) – Gold’s push below its 200-day moving average at $1,260 an ounce has severed its 2016 uptrend, and an analyst at one German bank sees gold re-entering its long-term bear market again.
Chicago Bulls vs. Bears: Where Is Gold Headed?
Famed for its sports teams, Chicago is also home to many traders, who seem to be mixed on gold and silver prices ahead of Friday’s U.S. jobs report.
Alamos Receives EIA Approval for La Yaqui Project
Alamos Gold Inc. (TSX, NYSE: AGI) has received final approval project from SEMARNAT, Mexico’s federal environmental agency, for the environmental impact assessment for the first phase of its La Yaqui “With ongoing exploration success, La Yaqui is growing into one of the most important deposits within the Mulatos district,” says John A. McCluskey, president and chief executive officer.
Metals Continue Sell-Off On Back Of Stronger Dollar
Dollar continues stronger on perception the Fed will raise rates possibly as early as November. Yellen senses the risks of tightening and the Fed has now suggested buying US equities corporate bonds to mitigate damage.
Read moreSelling Pressure On Gold Continues; U.S. Jobs Report Looms
Gold and silver futures prices are solidly lower Thursday morning, with gold hitting a four-month low and silver now at a 3.5-month low. A rallying U.S. dollar index and upbeat U.S. economic data this week continue to produce selling in the precious me…
Read moreGold Loses More Ground After Drop In Weekly Jobless Claims
(Kitco News) -The selloff in gold continues as prices fall deeper into negative territory following data that showing further improvement in the labor market.
Read moreAdrian Day: ‘Look For Good Opportunities To Buy’ On Gold Pullback
Fund manager Adrian Day says the bull market in gold remains intact and would look to add to positions in the sector.
Read moreGlobal Equity Indexes Mixed As U.S. Employment Report Looms
(Kitco News) – European stock indexes traded not far from unchanged price levels Thursday.
The German Deutsche Bank has seen its share prices stabilize this week, which has at least temporarily calmed the world marketplace on that matter.
Gold Stays Steady as Positive Data and Rate Concerns Kick In
The services sector accelerated in September, reaching its highest level in 11 months, according to a closely followed report released Wednesday.
Read moreValid Gold Manipulation Lawsuit Damaging For Banks– GATA
(Kitco News) – The heat is being turning up on five banks accused of manipulating gold prices through the twice-daily London Fix after a New York judge says there is some validity behind a class action lawsuit.