Boring Commentary
Recently, writing a daily commentary comes down to changing the date. Overnight the dollar again bounces against the yen and euro and the metals again have a slightly weaker tone.
Read moreGold Near Steady On More Chart Consolidation
Gold prices are near steady in early U.S. trading, on more Backing and filling on the charts, which is not bearish.
Read moreHedge Funds Increase Bullish Bets In Silver, Bearish Bets In Gold
Hedge funds took a bigger interest in silver as they increased their bullish bets while increasing their short bets in gold, according to the latest data from the Commodity Futures Trading Commission.
Read moreGold Ends Slightly Up, But Well Down From Daily High
Gold prices ended the U.S. day session slightly higher Monday but well off the highs seen earlier in the day.
Read moreBuffet May Like Apple But This Wall Street Guy Prefers Gold
Apple has been making headlines Monday after it was announced famed billionaire Warren Buffett upped his stake in the company.
Read moreHSBC: Constrained South African PGM Supplies To Underpin Prices
Weaker output of platinum group metals, as recently reported by Statistics South Africa, bodes well for platinum and palladium, says HSBC.
Read moreGold Loses Some Altitude as U.S. Stock Market Rallies
Gold prices have backed well down from their daily highs in late-morning dealings Monday. A rebound in the U.S. stock market is pulling away some buying interest in the safe-haven gold market.
Read moreChina Expands Its Reach In London; ICBC Standard Bank To Purchase Barclays’ Gold Vault
Not only is China trying to establish its dominance in gold by building up its own marketplace, but it is also looking to expand its influence in London’s long-established market.
Gold Bulls Step Up To The Plate, Runners In Scoring Position
Gold bulls stepped up to the plate last week and swung hard. It’s a single, but gold has runners on base in scoring position and there is only one out.
Read moreThe Stock Market May be the Key Gold Driver
The significance of last week’s market activity was the decline in the stock market and US Treasury bond yields, despite the stronger than expected retail sales number on Friday.