Hedge Funds Bail On Bullish Gold Bets For Second Week – CFTC
(Kitco News) – For the second consecutive week, hedge funds shed their bullish bets in gold and increased their short exposure, according to the latest data from the Commodity Futures Trading Commission.
Read moreCiti Sees $1,320/Oz Gold In 4Q, Resilient Indian Demand In Coming Years
Citi Research sees gold easing slightly in the fourth quarter to an average of $1,320 an ounce as the Federal Open Market Committee hikes U.S. interest rates for the first time in a year.
Read moreGold Prices Holding Gains Following 7.6% Drop In New Home Sales
(Kitco News) – Gold prices continue to hold on to modest gains Monday, ignoring U.S. economic data, instead focusing on the wider issue of interest rate expectations.
Read moreClinton Trump Showdown Has Potential To Spook Stocks
U.S. voters are expected to tune in Monday evening for the showdown between U.S. presidential candidates Hillary Clinton and Donald Trump Monday night at 9:00 pm ET.
Read moreArgonaut Gold Reports Fatality At El Castillo
Argonaut Gold Inc. (TSX: AR) reports that an employee of its Mexican subsidiary Minexson S.A. de C.V was fatality injured in a Sunday incident.
Read moreGold Up Ahead Of Big News Events This Week
Gold prices are hovering around unchanged levels in quieter U.S. trading Monday morning.
Read morePhysical Demand Slowing; Gold Looking For A Fresh Catalyst
Gold remains in a tight range awaiting a fresh catalyst. The weaker dollar has underpinned the price overnight but fresh physical demand remains weak.
Read moreGlobal Equity Markets See Some Pressure To Start Trading Week
(Kitco News) – European and Asian stock markets were mostly lower Monday, pulled down by weaker banking and energy shares. German Deutsche Bank shares are seeing pressure from concerns about big fines from U.S. regulators.
Gold Ends Slightly Higher As Strong Week Closes; Equities Falter
The end of an anxious week gave us tumbling oil prices as Saudi Arabia publicly said it did not see a strong possibility there would be a production freeze agreement among OPEC and big on-OPEC producers.
Read moreThe Chinese Yuan: Does October 1 Spell Doom For the U.S. Dollar?
Move over world currencies. China’s currency – the renminbi is taking its spot at the table.