Gold Firmer On Corrective Bounce From Recent Pressure
Gold prices are modestly higher in early U.S. trading Tuesday on a short-covering and bargain-hunting bounce following the recent downside pressure.
Read moreWorld Stock Markets Trade Near Steady; China Gets Upbeat Economic Data
(Kitco News) – World stock markets traded near steady to narrowly mixed levels Tuesday, following the strong rebound on Wall Street Monday
Waiting for Gold To Get In Step With Other Markets
Fundamentally speaking, gold should have been bid up strongly today. Instead, it found its momentum almost wholly from a weaker dollar. Generally, when Fed interest rates seem likely to hold steady or drop, non-interest-bearing instruments like preciou…
Read moreThank God That Fed Speak Is Now On Hold Until The Meeting
Today we awaited a speech from the Fed’s uber dove, Governor Lael Brainard for indications on whether she had grown some talons.
Recent Hawkish Central Banker Language Pressures Gold, Silver
Gold prices ended the U.S. day session moderately lower Monday, as the marketplace is increasing the odds that a U.S. interest rate hike from the Federal Reserve could come yet this year—and as early as next week.
Fed’s Brainard Urges Caution Before Rate Move
She’s known as one the Fed’s most dovish doves, and Monday Fed Gov. Lael Brainard didn’t break from her norm as she suggested caution before going through with a rate hike.
Hedge Funds Push Bullish Gold Bets To Near-Historic Highs… Again
(Kitco News) – Weaker U.S. economic data promoted hedge funds to jump back into gold and silver en mass, pushing bullish bets back to near historic highs, according to the latest data from the Commodity Future Trading Commission.
Read moreTrump : “No Doubt” Obama is Behind Low Rates
(Kitco News) – Fed Chair Janet Yellen is being pressured to keep interest rates low by the White House — this according to presidential nominee Donald Trump.
Read moreThere Are Still Reasons To Remain Bullish Gold – RBC Capital Markets
There a still reasons to remain bullish on gold, this according to analysts at RBC Capital Markets.
Read moreGold’s Unique 2016 Pattern: Rally And Pause Continues
The bears have seized short-term control of the gold market, while the market continues to swing back and forth within a well-defined post-Brexit neutral trading range.
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