Gold vs. Crude Oil – Gold Generally Wins
The two most significant commodities are crude oil and gold.
Read moreU.S. Durable Goods Orders Rise 3.4% In April
(Kitco News) – The manufacturing sector a significant momentum in April, adding to gains seen in March, as orders for durable goods increased, according to the latest data from Department of Commerce.
Read moreU.S. Weekly Jobless Claims Fall 10,000 To 268,000
U.S. Weekly Jobless Claims Fall 10,000 To 268,000
Read moreGold Pops In Asia And Losses Air In Europe
Gold managed a close above the $1,220 level yesterday and started in the Far East with aggressive buying at the open. Gold popped $15 and silver, which remains oversold relative to gold added $0.25.
Read moreGold Sees Modest Short-Covering Bounce As Outside Markets Bullish
Gold prices are modestly higher in early U.S. trading Thursday.
Read moreGold Rebounds as Outside Markets are Bulllish Today
Gold prices have rebounded on some short covering and bargain hunting this morning, following strong losses that drove prices to a seven-week low on Wednesday.
Read moreGartman Says Switzerland Still Focal Point For Gold But Waning
Famed newsletter writer Dennis Gartman wrote on Wednesday, quoting a Platt report, that net exports of gold out of Switzerland reached a three-month high in April of 147.8 metric tonnes — according to data from Swiss customs.
Read moreGold By The Numbers: Analysts Highlight Key Near-Term Support Levels Watch
(Kitco News) – In the grips of renewed selling pressure, on the back of a stronger U.S. dollar and growing interest rate expectations, the gold market is extending its losing streak to six consecutive sessions.
Read moreGold Down Again, Hits 7-Wk Low; Technical Posture Deteriorating
Gold prices ended the U.S. day session moderately lower and scored a seven-week low Wednesday. Follow-through technical selling pressure was featured as the near-term chart postures for both gold and silver markets have significantly deteriorated this …
Read moreVote Now In The Kitco Weekly Gold Survey
Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
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