Gold Down On Follow-Through Pressure From Friday
Gold prices are lower and hit a two-week low Monday morning, on follow-through selling following Friday’s down day that produced a technically bearish weekly low close.
Summer Doldrums
The metals continue to the influenced by Friday’s jobs report as the talking heads again pose the probability of a Fed rate increase.
Gold Weaker in Wake of Strong US Jobs Report
World stock markets were mostly higher overnight as risk appetite in the world marketplace has been on the upswing the past couple weeks. U.S. stock indexes are pointed toward firmer openings when the New York day session begins.
Read moreGold Loses Out to Stellar U.S. Jobs Report
The first print of July employment data shows an extremely strong labor market, one that can see sustained growth for some time, and one that just might be the harbinger of meaningful inflation in the near future.
The 255,000 new-jobs figure is impres…
Gold Update: July’s Jobs Number Not Enough To Move The Fed
Jobs number posts an increase of 255k. I made a tongue- in- cheek remark this morning that a 250k increase (which I did not expect), would still not be enough to move the Fed in September.
Read moreGold Could Even Dip to $1,300 Near Term, But Don’t Worry Say Analysts
(Kitco News) – Gold is ending the week on a sour note as investors react to much stronger-than-expected U.S. employment data.
Read moreSo How Much Gold Is Actually In The Olympic Medals?
The 2016 Rio Summer Olympics kick off in just a few hours and aside from talks of Russian athletes being banned or concerns over Rio’s poor infrastructure, the symbolic gold medal might itself lack a little luster.
Wall Street Split On Gold After Jobs Data; Main Street Bullish
A second straight stronger-than-forecast U.S. monthly jobs report has not completely spooked the gold market, with Wall Street participants in a weekly Kitco survey nearly evenly split on their outlook for prices next week. Main Street remains bullish….
Read moreWhy Investors Shouldn’t Miss This Opportunity in Gold Stocks
Gold is in a strong bull market, and it’s only going to get better, this according to Barry Dawes, executive chairman of Australian–based financial services firm Martin Place Securities.
Miners Could Reach First Stage Blow Off Targets Soon
I just returned from the well-attended Sprott Symposium, which was held in Vancouver last week. I could hardly believe my ears when I heard the very first speaker tell the audience of over 700 attendees he sold all of his gold miner positions the previ…
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