Gold Down Against Swiss Franc Despite Threat Of Currency Intervention
(Kitco News) – Gold is seeing modest strength in the broader currency markets at the start of a new trading month; however it is lagging against the Swiss franc, despite the threat of direct market intervention from a major global central bank.
Read moreHedge Funds Continue To Reduce Exposure in Gold Market
For the third consecutive week, hedge funds cut their overall exposure in gold; instead funds continue to jump into the silver market, according to the latest data from the Commodity FuturesTrading Commission.
Read moreTrading Tactics for the Gold Market Right Now
Gold futures are languishing in sluggish early Monday morning action as the summer doldrums finally kick in.
Read moreBrexit May Be Far From Over – Nouriel Roubini
Although Europe’s Brexit “hangover” seems to be over, with markets having stabilized somewhat since the initial shock, one famed economist is not convinced the region is in the green just yet.
Gold Ignoring Weaker ISM Manufacturing Data For July
(Kitco News) – Gold prices are ignoring disappointing manufacturing data from the Institute for Supply Management (ISM)
Read moreINTL FCStone: Sidelined Fed Should Underpin Gold During August
INTL FCStone sees potential for gold to retest its July high in the month ahead, with the Federal Open Market Committee expected to refrain from any U.S. interest-rate hikes until the end of the year.
Read moreGold Sees Corrective Pullback From Good Gains Friday
Gold prices are modestly lower in early U.S. trading Monday, on some chart consolidation after posting a three-week high and closing at a bullish weekly high close on Friday.
Read moreConsolidation Overnight
Gold is digesting last week’s sprint higher and traded in an extremely tight range overnight.
Gold Sees Corrective Pullback After Good Gains Posted Friday
Asian stock markets were higher Monday on ideas the U.S.
Read moreDollar Weakness Drives Gold Higher
The U.S. dollar was softened by data that reporter GDP in the second quarter only grew at 1.2% against expectations that it was going to grow by 2.6%.
A second dinger came in the form of a puzzling drop-back-five-yards-and-punt move by the Bank of Ja…