Gold Sees Follow-Through Selling, Hits 7-Week Low
Gold prices are modestly lower and scored a seven-week low in early U.S. trading Wednesday.
Read moreFed Has Green Light; Stopping Gold In Its Tracks
Higher rates, higher stocks and a strengthening US Dollar if sustained, is an unlikely combination for a higher US dollar gold price.
Read moreMKS: Gold Getting ‘Oversold’ On Pullback; Support At 100-Day Average
MKS (Switzerland) SA remains “cautious” on gold but also says the metal may be getting “oversold” on the technical charts after a recent pullback.
Read moreGold Slumps To 7-Week Low
Slumping gold prices are a feature in the marketplace this week. June Comex gold futures fell to a seven-week low overnight.
Read moreThe Fed Will Only Raise Rates In December – RBC Capital Markets
Gold prices are hurting on renewed expectations of U.S. interest rate hikes as early as June, but some analysts say the Federal Reserve is unable to make its move at least until later in the year.
Read moreGold Down Sharply, Hits 4-Wk Low; Higher U.S. Dollar, Stock Market Are Bearish
Gold prices ended the U.S. day session solidly lower and scored a four-week low Tuesday. The recent uptrend in the U.S. dollar index remains a bearish outside market force for the precious metals markets. The dollar index hit a seven-week high today.
Read moreIgnore Weakness, Gold ETFs Still Attracting Investors – George Milling-Stanley
Ignore the short-term weakness because the U.S. gold market’s uptrend remains in good shape says one market expert.
Gold Solidly Lower, Near Daily Low In Late-Morning Trading
Gold prices are solidly lower and near the daily low in late-morning dealings Tuesday. Prices have also notched a fresh four-week low today.
Read moreCiti Hikes Gold Forecast, Sees $1,300/Oz Average In Third Quarter
Citi Research hiked its forecasts for most commodities, including gold, on Tuesday.
Read moreGold Prices Fall To 4-Week Low With Market Missing Key Asian Pillar
Gold remains on the defensive Tuesday, with prices falling to a four-week low, and there are some concerns that the lack of Asian demand could lead to lower prices in the near term.
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