Gold Weaker And Hovering Near 3.5-Month Low
Gold futures prices are modestly lower and have hit a 3.5-month low to start the U.S. trading week.
Read moreTime To Own Physical Gold, Not ETFs – Grant Williams
The gold picture is becoming clearer and it might be wise to own the physical – not paper – metal, this according to a popular newsletter writer.
Aussie Q1 Gold Production Falls Due To Seasonal Factors, Lower Grades
Seasonal factors pushed Australian gold production down in the first quarter of 2016; however, producers are still benefiting as prices pushed above $1,700 an ounce, according to data compiled by mining consultants Surbiton Associates.
Read moreBullish Hedge Funds Run For The Exits In Gold Market – CFTC Data
Hedge funds and money managers fled for the exits on mass in the gold market as speculative net long positions were significantly reduced, according to the latest data from the Commodity Futures Trading Commission.
Read moreInterest Rate Expectations Pressure Gold Below $1,200 In Holiday Trading
(Kitco News) – According to some analysts, gold prices remain on the defensive Monday, in thin holiday activity, as traders continue to price in a rate hike from the Federal Reserve some time during the summer.
Read moreGold Beaten Back By Dollar Strength And Regular Trading As Holiday Weekend Commences
The markets, as we head into the long holiday weekend, reacted as if the interest rate hike is a done deal for June. We’re not sure. Maybe we’re just too data dependent ourselves.
Janet Yellen: Interest Rates Could Move Higher In Coming Months
(Kitco News) – Gold settled down Friday for its eighth consecutive day following comments from Fed Chair Janet Yellen that highlight the prospect of a rate hike in the next few months.
Read more5 Surprising Reasons Gold Could See Volatile Trade
It’s been a tough week for gold and next week’s barrage of economic data and Federal Reserve speakers will be closely monitored as the market assesses the chances of a rate hike in June.
Read moreCanadian gold producer invests $11m in embattled Vantage Goldfields
Canadian gold producer AfroCan Resources Gold will invest $11-million over the next two months into South African gold miner Vantage Goldfields, effective June 1, following an agreement signed Friday, Vantage confirmed to Mining Weekly Online.
Read moreMain Street Bullish, Wall Street Leans Bearish But Difference Narrows
Retail investors and market professionals remain on opposite side of the fences, although they’re moving toward one another, according to the latest results of the Kitco News Wall Street vs. Main Street gold survey.