Gold Up, Silver Hits 21-Mo. High, Amid Bullish Outside Markets, Technical Buying
Gold prices ended the U.S. day session moderately higher Wednesday, on technically related buying as the bulls remain in firm near-term control of the charts.
Read moreQ3 Should Be Good For Junior Gold Miners – CIBC
Junior gold miners have significantly outperformed the gold market and one Canadian bank sees more potential for this mining sector as the market enters into seasonally strong period.
Read moreGold Extends Early Gains Amid Bullish Outside Market Forces
Gold prices are higher and near the daily high in late-morning trading Wednesday. Chart-based buying has kicked in as the overall technical posture for gold remains bullish.
Read moreKinross Cites Growth Potential At Bald Mountain, Round Mountain Mines
Kinross Gold Corp. (TSX: K; NYSE: KGC) officials say they believe the company can increase reserves at the Bald Mountain and Round Mountain mines acquired from Barrick Gold Corp.
Read moreSilver Hits 21-Month High; Bulls Have Much More Room To Run On The Upside
Comex silver futures prices on Wednesday scored a 21-month high above $18.50 an ounce. The near-term technical posture for silver has favored the bullish camp for some time now.
Read moreMarc Faber: Gold ‘Is My Preferred Currency’
Marc Faber, the widely followed editor of the Gloom, Boom & Doom Report, looks for the world economy to worsen and says every investor should own some gold as a result.
Gold Prices Holding Gains Following Slightly Weaker Personal Income In May
(Kitco News) -Gold prices are holding on to recent gains, relatively unchanged following lower personal income for U.S. consumers in May, according to the latest data from Bureau of Economic Analysis.
Read moreEquity Rebound May Be A Trap
Gold remains well bid shrugging off the rebound in global equity markets yesterday and overnight. Taking Brexit off the table, it remains apparent that central banks will continue to create massive liquidity in their losing battle to create growth.
Read moreAfter $1,400, Gold Will Spike to $2,000 – Trend Forecaster
Holdings of gold by exchange-traded funds keep rising, while platinum continues to exit from ETFs, says Commerzbank. Global ETF gold holdings rose another 5.6 tonnes Tuesday, their fourth straight daily inflow.
Read moreGold And Silver Up As Charts, Outside Markets Bullish
Gold prices are modestly higher in early U.S. trading Wednesday, on technically related buying as the bulls remain in firm near-term control of the charts.
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