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…
Gold Recap
I was bombarded by emails asking if I had turned bearish. I read through my brief commentary this morning, a few times, but could not discern that tone.
Read moreGold Ends 2-week Losing Streak As GDP ‘Screams’ No Rate Hikes – Analysts
The gold market may have unlimited potential as bad news has been unable to drag prices lower, according to some analysts.
Read moreWall Street, Main Street Look For Gold Rally To Continue
Wall Street and Main Street are both bullish on gold next week, particularly after a softer-than-forecast report on growth in U.S. gross domestic product that was released on Friday.
Read morePrice Future Group’s Flynn: U.S. GDP Bodes Well For Gold
The softer-than-forecast U.S. report on second-quarter gross domestic product is supportive for gold, says Phil Flynn, senior market analyst with at Price Futures Group. GDP growth was revised to 1.2% when analysts were looking for 2.6%. Around 10 a.m….
Read moreHSBC: Silver To Remain Strong In 2H; Upper End Of Range At $21.50
HSBC looks for silver prices to remain well bid in the second half of the year, projecting the upper end of the metal’s trading range at $21.50 an ounce.
Gold Extends Early Gains As U.S. Dollar Index Hammered Lower
Gold prices saw a modest boost after a much-weaker-than-expected U.S. GDP report, but then those gains were extended when the U.S. dollar index slumped to sharply lower levels on the day and hit a nearly four-week low.
Read moreWeak U.S. GDP Report Gives Modest Boost To Gold Market
Gold prices are firmer in early U.S. trading Friday, after a much-weaker-than-expected U.S. GDP report was just released. Prices had been trading near steady just before the data.
Read moreGold Prices Higher Following Disapointing Q2 GDP
(Kitco News) – Gold prices are modestly higher as the first reading of second quarter U.S. Gross Domestic Product came in weaker than expected.
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