U.S. New Home Sales Fall 1.5% in March
(Kitco News) – The U.S. housing market lost momentum ahead of the busy spring season as fewer consumers bought new homes last month, according latest data from the U.S. Commerce Department.
Read moreCiti: Producers Shy Away From Hedging Gold But Some Hedging FX Risk
Producers are shying away from locking in future gold prices through hedging, although some have opted to hedge foreign-exchange risk instead, according to a report Monday from Citi Research.
Read moreTechnical Trading: Looking For Gold Breakout This Week? Don’t Bet On It
Gold prices edged modestly higher in early trading Monday.
Read moreBarclays: Gold Leads Investment In Commodities During First Quarter
Investors appear to be focusing on individual commodities more-so than passively buying the entire sector, with gold a beneficiary, says Barclays.
Read moreGold Higher On Short Covering, Bargain Hunting, Weaker U.S. Dollar
Gold prices are moderately higher in early U.S. trading Monday.
Read moreGold Continues To Watch The Yen/Dollar Trade
Gold found support overnight as the yen reversed its weaker tone against the US$. The short-term trajectory for gold is being directly influenced by the dollar valuation against the euro but especially the yen.
Read moreRandgold Resources Reports Progress, Challenges At Tongon
Randgold Resources Ltd. (NYSE: GOLD) reports that personnel at the Tongon gold mine have commissioned the fourth-stage crushing circuit, completing an extensive capital project designed to improve throughput and recovery.
Read moreGold Up As U.S. Dollar Index Weaker
Gold prices are firmer in early U.S. trading, on a corrective bounce from selling pressure seen last week, and amid a weaker U.S. dollar index to start the trading week.
Read moreFedspeak and NFP’s and Bears! Oh My!
In hindsight, it was a near lock to short resource stocks going into a Federal Reserve meeting speech by Ben Bernanke and/or the Non-Farm Payroll reports (NFP) as the bear market intensified from 2013 to 2015.
Read moreGold Market To Take Cue From Tone Of FOMC; No Rate Hike Expected
Gold traders will be watching next week to see if a post-meeting statement from the Federal Open Market Committee does anything to change the market’s view that policymakers are dovish.
