Hedge Funds Increase Bearish Bets In Gold, Remain Bullish On Silver
After hitting record levels for the last three weeks, hedge funds and money managers have started increase their bearish bets in gold and silver, according to the latest data from the Commodity Futures Trading Commission.
Read moreCommerzbank Sees $1,350 Gold At Year-End, $1,450 In 2017
Commerzbank hiked its year-end gold forecast by $100 to $1,350 an ounce and expects $1,450 sometime next year as the market continues to benefit from safety flows after the U.K.
Read more2016: The Year Gold Dip Buyers Ruled
The gold market has slipped off its recent highs and is consolidating quietly. Don’t worry –the bulls are just biding their time. Pausing to regain fresh momentum. Recharging their batteries.
Gold Posting Modest Rally On Short Covering, Bargain Hunting
Gold prices are showing modest gains in mid-morning U.S. trading Monday, on short covering in the futures market and bargain-hunting buying interest in the cash market.
Read moreHarmony Meets Output Guidance, Announces Gold Hedging
Harmony Gold Mining Co. (NYSE: HMY) reports that it met its annual production guidance of approximately 1.1 million gold ounces and has undertaken hedging for gold prices in South African rand terms. Harmony says it entered into short-term gold forward…
Read moreLook Around: Difficult To Be Bearish Gold
Gold has settled to unchanged after Friday’s big rally near the close, with the report of the attempted coup in Turkey.
Gold Weaker As Investor/Trader Risk Appetite Remains Positive
Safe-haven gold prices are seeing slight selling pressure in early U.S. trading Monday, as rallying world stock markets suggest traders and investors do not have a lot of worry on their marketplace radar screens.
Read moreGold Slightly Lower To Start Trading Week
World stock markets were mostly higher overnight.
Read moreGold Down On Hard Charging Dollar And Cooling Stocks
A 0.6% rise in U.S. retail sales for June, blew the 0.1% rise predicted by economists out of the water. It’s yet another reminder why economics is called “the dismal science.” The rise was the third straight monthly increase. Sales are up 2.7% from a year earlier.
Analysts Expect Gold Prices To Find Support Amidst Stronger Equities
The gold market is preparing to end the week in negative territory for the first time since mid-May, ending a six-week winning streak.
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