Gold Hammered By Risk On Party In Equities Across The Globe
Needless to say, gold prices shrank and silver finally followed big sister’s lead. Gold was down 1.65% and silver about 1.00%. This may be a good thing for gold bulls in the long run as it will provide a more comfortable spot to step on board the train back upward.
Gold Eases Amid Higher Bonds Yields, Equities As Fear Trade Abates
Gold futures were weaker and near the session lows early Tuesday afternoon as demand for safe havens eased and money moved back into global equities, traders said.
Read moreGold Price Of $1,400 Is Just The Start – VanEck
Although gold prices are down from last week’s two-year high, one investment firm sees $1,400 an ounce as just the start as the market remains in a new bull uptrend.
Gold Market Ignores Hawkish Fed Comments For Second Day
For those keeping score at home, so far this week three regional Fed President has come out in support of higher interest rates.
Read moreRecord Equity Markets Taking Shine Off Gold Price…For Now
Record levels in equity markets are taking some shine off the gold market; however, analysts aren’t convinced that this trend will last as gold will remain an important safe-haven asset.
TDS: $1,500 Gold Possible If Fed Downgrades Rate Forecast
TD Securities sees $1,400 gold and says $1,500 may even be possible if the Federal Reserve further cools market expectations for interest rates.
Read moreGold Down On Profit Taking And As Risk Appetite Increases
Gold prices are moderately lower in early U.S. trading Tuesday.
Read moreAll Is Well Again: Not
Gold continues to meander in the face of higher global equity prices and less noise over Brexit. It appears certain that global stimulus will pick up in tempo, beginning with Japan, and the equity markets are propped on smoke not fundamentals.
Read moreGold Down On Profit Taking Amid Better Risk Appetite
World stock markets continued in rally mode overnight, following the lead of the U.S. S&P 500 stock index that closed in record-high territory Monday.
First Majestic: 2Q Silver-Equivalent Output Rises 23% Year-On-Year
First Majestic Silver Corp. (TSX: FR; NYSE: AG) reports second-quarter output at its six operating silver mines in Mexico reached 4.7 million silver-equivalent ounces, representing a 23% increase compared to the same quarter in 2015.
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