BOC Leaves Interest Rates Unchanged; Alberta Wildfires To Lower GDP By 1.25% in Q2
(Kitco News) – The Bank of Canada has left interest rates unchanged at 0.50% following its monetary policy meeting; however, the central bank highlights continued economic weakness as a result of the devastating wildfire in Northern Alberta.
Read moreGold Remains On The Defensive
Gold failed the $1,230 level yesterday as the dollar continued to strengthen against the yen and euro.
Read moreGold Sees Follow-Through Selling, Hits 7-Week Low
Gold prices are modestly lower and scored a seven-week low in early U.S. trading Wednesday.
Read moreFed Has Green Light; Stopping Gold In Its Tracks
Higher rates, higher stocks and a strengthening US Dollar if sustained, is an unlikely combination for a higher US dollar gold price.
Read moreMKS: Gold Getting ‘Oversold’ On Pullback; Support At 100-Day Average
MKS (Switzerland) SA remains “cautious” on gold but also says the metal may be getting “oversold” on the technical charts after a recent pullback.
Read moreGold Slumps To 7-Week Low
Slumping gold prices are a feature in the marketplace this week. June Comex gold futures fell to a seven-week low overnight.
Read moreThe Fed Will Only Raise Rates In December – RBC Capital Markets
Gold prices are hurting on renewed expectations of U.S. interest rate hikes as early as June, but some analysts say the Federal Reserve is unable to make its move at least until later in the year.
Read moreGold Down Sharply, Hits 4-Wk Low; Higher U.S. Dollar, Stock Market Are Bearish
Gold prices ended the U.S. day session solidly lower and scored a four-week low Tuesday. The recent uptrend in the U.S. dollar index remains a bearish outside market force for the precious metals markets. The dollar index hit a seven-week high today.
Read moreIgnore Weakness, Gold ETFs Still Attracting Investors – George Milling-Stanley
Ignore the short-term weakness because the U.S. gold market’s uptrend remains in good shape says one market expert.
Gold Solidly Lower, Near Daily Low In Late-Morning Trading
Gold prices are solidly lower and near the daily low in late-morning dealings Tuesday. Prices have also notched a fresh four-week low today.
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