Interest Rate Expectations Pressure Gold Below $1,200 In Holiday Trading
(Kitco News) – According to some analysts, gold prices remain on the defensive Monday, in thin holiday activity, as traders continue to price in a rate hike from the Federal Reserve some time during the summer.
Read moreGold Beaten Back By Dollar Strength And Regular Trading As Holiday Weekend Commences
The markets, as we head into the long holiday weekend, reacted as if the interest rate hike is a done deal for June. We’re not sure. Maybe we’re just too data dependent ourselves.
Janet Yellen: Interest Rates Could Move Higher In Coming Months
(Kitco News) – Gold settled down Friday for its eighth consecutive day following comments from Fed Chair Janet Yellen that highlight the prospect of a rate hike in the next few months.
Read more5 Surprising Reasons Gold Could See Volatile Trade
It’s been a tough week for gold and next week’s barrage of economic data and Federal Reserve speakers will be closely monitored as the market assesses the chances of a rate hike in June.
Read moreCanadian gold producer invests $11m in embattled Vantage Goldfields
Canadian gold producer AfroCan Resources Gold will invest $11-million over the next two months into South African gold miner Vantage Goldfields, effective June 1, following an agreement signed Friday, Vantage confirmed to Mining Weekly Online.
Read moreMain Street Bullish, Wall Street Leans Bearish But Difference Narrows
Retail investors and market professionals remain on opposite side of the fences, although they’re moving toward one another, according to the latest results of the Kitco News Wall Street vs. Main Street gold survey.
Commerzbank Remains Positive On Gold Despite Prices Hitting Eight-Week Low
While gold is on track to end its eighth consecutive session in negative territory as it falls to an eight-week low, one bank sees potential for still-lower prices in the near term but remains optimistic that prices will recover by the end of the year.
Read moreGold Holding Moderate Losses Heading into Midday Yellen Speech
Gold prices are weaker in late-morning dealings Friday. Many markets are quieter as traders and investors are awaiting a midday speech by Federal Reserve Chair Janet Yellen, and as many have already gotten an early jump on a long U.S. holiday weekend.
Read moreUBS: Investors Have Opportunity To Buy Gold At ‘More Attractive Levels’
UBS says any further weakness in gold may be a buying opportunity.
Read moreExpect the Fed to Remain Consistent
Federal Reserve (Fed) tightening rhetoric has been consistently predicable. We should expect the same from Chairperson Janet Yellen this evening.