Gold Solidly Higher, Silver at 22-Mo. High, Heading Into Long U.S. Holiday Weekend
Gold prices are solidly higher in early U.S. trading Friday, on some more safe-haven demand and chart-based buying heading into the U.S. three-day Independence Day holiday weekend.
Read moreINTL FCStone: Gold ‘Resilient’ As Equities Recover From Post-Brexit Tumble
Gold has been largely sideways this week, and the area around $1,296.50 an ounce will be a key chart point for the Comex August futures, says optionsXpress.
Read moreTraders Re-Engage As New Month Rolls In
After the month end squaring, gold again lifts off on the first trading day of July, as macro issues continue to auger for higher gold prices.
Read moreGold Solidly Up Heading into 3-day U.S. Holiday Weekend
While most world stock markets were firmer in overnight trading, U.S. stock indexes are slightly weaker heading into the open of the New York day session.
Read moreCME Group Hikes Comex Gold Margins Again, Cuts Palladium Margins
CME Group is hiking margins for Comex gold futures for the second time in a week, while the margin for Nymex palladium futures will decline, the exchange operator announced late Thursday.
Read moreUPDATE1: Tokyo stocks edge up in morning after BOE chief signals stimulus
Read moreGold Constrained by Continuing Reversal of Post Brexit Sentiment
We almost can hear the old-time strains of FDR’s campaign song, “Happy Days Are Here Again,” as investors and traders continue to shrug off the Brexit vote. Whether this is wise can only be known as the future unfolds.
Read moreGold Bear Turns Bullish; Ups Year-End Forecast by $150
Gold’s start-of-the-year rally wasn’t enough to change one gold bear’s mind. However, given the market uncertainty following the Brexit vote and the higher likelihood of delayed Fed hikes, Barnabas Gan has finally upped his forecast.
Read moreGold Down On Profit-Taking, Bearish Outside Markets, But Silver Powers To 21-Mo. High
Safe-haven gold prices ended the U.S. day session moderately lower Thursday. It was another “risk-on” day in the world market place.
Read moreCredit Suisse Sees $1,500/Oz Gold By Early 2017
Credit Suisse is forecasting that gold will hit $1,500 an ounce by the early part of next year on prolonged macroeconomic uncertainty.
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