The Almighty Dollar Reigns As Oil And Gold Fall
All of gold’s decline today is due to the buck’s strength. Regular traders are shying away, and perhaps may have left the floors early as a heat wave begins to grip the northeast and Chicago.
Gold Fighting Against Stronger U.S. Dollar, Equities Ahead of BOJ and Fed Meetings
Gold prices are preparing to end its second week in negative territory as it struggles against a stronger U.S. dollar, rising interest rate expectations and stronger equity markets.
Read moreLargest Bloc Of Wall Street, Main Street Voters Bullish For Week Ahead
Wall Street and Main Street have similar views on the direction for gold prices next week, based on the Kitco News gold survey, with the bull camp having the largest bloc of voters although each garnered a little less than 50% of the total.
Read moreBurkina Faso – An Undervalued Area Play
Burkina Faso – which means “land of honest people” – is a 105,900 square mile sized landlocked country in West Africa with a very stormy recent history.
Trump Could Push Gold Prices $500 Higher – ABN Amro
Donald Trump is now the Republican nominee and a true contender of becoming the next president of the United States.
Read moreGold Prices See Modest Selling Following Rise In Flash U.S. PMI
(Kitco News) – Although under pressure, the gold market is trying to hold its ground, despite preliminary data showing growing momentum in the U.S. manufacturing sector, according to the latest flash Purchasing Managers Index data.
Read more3 Reasons The U.S. Could Fall Into Recession In 2017
Gold buyers are falling asleep at the wheel. It is late July. Beach vacations are calling.
Read moreGold Down Amid Less Risk Aversion in World Marketplace
Gold prices are weaker in early U.S. trading Friday. The recent rally in world stock markets has hurt the safe-haven metal, as such suggests investor risk appetite has rebounded strongly since the late-June Brexit vote. August Comex gold was last down …
Read moreBargain Hunting Or A Legitimate Response
Yesterday’s pop in gold was attributed to bargain hunters buying the dip. I guess it was a fair comment, but two events caused the reversal and the market was likely to test lower had they not occurred.
Gold Weaker Amid Upbeat Investor Risk Attitdues
World stock markets were mostly weaker overnight, on mostly profit taking from recent gains.
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