Gold Sees More Selling Pressure Following Strong Consumer Confidence Data
(Kitco News) – Selling pressure in the gold market picked up slightly more momentum Tuesday morning as U.S. consumer confidence showed a strong improvement in June, according to the latest data from the U.S. Conference Board.
Read moreNouriel Roubini: Global Economy Will Continue To Stagnate But No Recession
For an economist who has earned the nickname “Dr. Doom,” Nouriel Roubini’s outlook on the global economy isn’t as grim as one would expect.
Mitsubishi: ‘Gold Will Remain As One Of The Few True Stores Of Value’
Gold may eventually get the upper hand on other safe havens, says Mitsubishi. The yellow metal has risen since Thursday’s U.K. vote to leave the European Union, as have the U.S. dollar, Japanese yen and bonds, with yields on the latter falling as a res…
Read moreBMO Analysts Upbeat On 2Q Earnings Reports From Gold Producers
BMO Capital Markets has increased target prices for precious-metals equities covered by the bank by 8%. In an outlook on second-quarter earnings, analysts point to increased gold and silver prices, which mean higher revenues for producers. “We are fore…
Read moreU.S. First-Quarter GDP Growth Revised Up To 1.1%
U.S. gross domestic product rose by a seasonally adjusted annual rate of 1.1% in the first quarter, the Commerce Department said Tuesday.
Gold Down On Profit Taking As World Markets Stabilize
There is much less risk aversion in the marketplace Tuesday, following two sessions of very rough trading waters.
Read moreSemblance of Calm Is Emerging
The issues with Brexit will continue to play on the European stage. That said, Britain is in no hurry to issue a formal request to leave the EU.
Read moreGold Sees Corrective Pullback Amid Better Risk Appetite Today
Investor and trader risk appetite is on the upswing Tuesday, as European stock markets rebounded and U.S. stock indexes are set to open higher when the New York day session begins.
Read moreHedge Funds Push Gold Bullish Bets To Record Levels – CFTC
(Kitco News) – Hedge funds and money managers were buying gold as prices were dropping, ahead of the British referendum on the future of its EU membership, according to the latest trade data from the Commodity Futures Trading Commission.
Read moreGold Triumphant Over Pound, Dollar Post-EU Breakup
Gold prices are holding onto last week’s gains after the U.K. voted to leave the European Union, with the metal still trading above $1,320 an ounce Monday.
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