Gold Back In “No Man’s Land” – Don’t Get Chopped Up
June 6 –Gold buyers swooped in to the rescue last week on the quick dip toward the $1,200 zone. Bargain hunters nibbled and then strong buying emerged. A “hammer” bottom formed on the daily candlestick chart last week.
Citi: Diverging Headline, Core U.S. Inflation Rates Could Support Gold
Citi Research says gold could benefit from a divergence between headline U.S. inflation and the core rate, which excludes volatile food and energy prices.
Read moreLet the Currency War Begin
The May US employment number may mark an acceleration period in the global currency war. What has essentially been a battle has been absent the primary participant
Read moreGold Firmer, Holding Friday’s Solid Gains; Yellen On Deck
Gold is trading slightly higher in early U.S. trading Monday, following the strong gains posted Friday in the wake of a very weak U.S. jobs report.
Read moreGold Slightly Up As Yellen Speech Awaited
Gold prices are slightly higher in early U.S. trading, following the Strong gains posted Friday that did produce a technically bullish weekly High close.
Read moreSaudis Cut European Oil Prices, Increase Most U.S. Prices
Saudi Arabia cut oil prices to Europe and raised prices in the U.S. and Asia by less than expected as it continued its long-running battle to protect market share from resurgent Iranian exports.
Read moreGold Goes High Riding As Dollar Deflates On Jobs
As you are well aware of by now, the Department of Labor’s employment numbers came in at a staggeringly low number. Thirty-eight thousand? That’s only the population of a large small town. We don’t think this pause is anything to be concerned about in the broader scheme of things.
Japanese Researchers Find Jaw-Dropping Gold Deposit, But….
The idea of a high-grade gold deposit with as much as 275 grams per ton would send any mining CEO’s heart aflutter, however there is one caveat: the deposit is located at the bottom of the ocean about 750 meters below sea level.
Fed’s Going Back To The Drawing Board?
After a disappointing U.S. jobs report and a sad ISM non-manufacturing index, markets didn’t have much reason to rejoice.
These Factors To Drive Gold Next Week
June 3 –Global investors rushed back into the safety of gold this week, as shockingly weak U.S. employment data pulled the rug out from under a Fed rate hike this summer.