Phoenix’s Grady: Investment Demand Below Gold Market Sparks Quick Recovery
The quick recovery in Comex gold futures after an initial jobs-related sell-off Friday reflects the strong investment demand under the market, says veteran trader Kevin Grady, president of Phoenix Futures and Options LLC.
Read moreGold Going To $1,500, Silver To $30, Says BoAML
Just as gold prices hold onto gains, bullish sentiment for the metal remains intact with another big bank upping its price forecast by a whopping 10%.
Read moreGold Sells Off Then Rebounds In Wake Of Strong U.S. Jobs Report
Gold prices have turned steady to modestly higher in early U.S. trading Friday, following a brief, sharp sell-off that occurred in the wake of a U.S. jobs report whose non-farm payrolls component showed a big rise and was well above market expectations.
Read moreGold Prices Sell Off Following 287K Print In Nonfarm Payrolls
(Kitco News) – Gold prices are weaker Friday as the U.S. economy created more jobs than expected last month, according to the latest data from the Labor Department.
Read moreRoyal Gold Sells 52,500 Gold Ounces In Fiscal Fourth Quarter
Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL) says wholly owned subsidiary RGLD Gold AG sold approximately 52,500 gold ounces and 208,900 silver ounces related to streaming agreements during the fiscal 2016 fourth quarter that ended June 30.
Read moreAwaiting A Number That Doesn’t Really Matter
Gold holds steady ahead of the release today of June’s job number.
CME Group Hiking Margins For Silver Futures
Silver margins are rising on the Comex division of the New York Mercantile Exchange as of the close of business on Friday, CME Group said in a notice.
Read moreGold Weaker Ahead Of Key U.S. Jobs Report
The marketplace is anxiously awaiting Friday morning’s June U.S. employment report from the Labor Department.
Read moreGold Gives Back Some Gains On Dollar Strength
It has been our contention that gold, rather than functioning recently as only a safe haven or store of value, has been operating as a growth investment. Granted, it may be in a limited scope but that is what’s happening.
Gold Sees Corrective, Profit-Taking Pullback From Recent Gains
Gold prices ended the U.S. day session modestly lower on some mild profit taking after hitting a 27-month high Wednesday.
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