China Expands Its Reach In London; ICBC Standard Bank To Purchase Barclays’ Gold Vault
Not only is China trying to establish its dominance in gold by building up its own marketplace, but it is also looking to expand its influence in London’s long-established market.
Gold Bulls Step Up To The Plate, Runners In Scoring Position
Gold bulls stepped up to the plate last week and swung hard. It’s a single, but gold has runners on base in scoring position and there is only one out.
Read moreThe Stock Market May be the Key Gold Driver
The significance of last week’s market activity was the decline in the stock market and US Treasury bond yields, despite the stronger than expected retail sales number on Friday.
Eldorado Gold Corp. Announces Sale Of More Chinese Assets
First Mining Finance Corp. (TSXV: FF) reports it has entered into an agreement to acquire Tamaka Gold Corp., a mineral-exploration company which holds a 100% interest in the Goldlund gold exploration-development project in northwestern Ontario.
Read moreGold Higher on More Technical Buying; Bulls Continue to Show Resilience
Gold prices are solidly higher in early U.S. trading Monday. Technical buying is featured as the near-term price charts for gold remain bullish.
Read moreEmpire State Manufacturing Index Falls To -9 In May
(Kitco News) – After a significant improvement in April, momentum shifted abruptly The Empire State manufacturing survey shows business weakened in May, the New York Federal Reserve said Monday.
Is Inflation Perception Changing?
No major dynamics overnight, but gold strengthened after once again finding solid support at the $1,265 level on Friday.
Read moreGold Up As Bulls Continue To Show Resilience
Gold is higher in early U.S. trading, on more chart-based buying As the yellow metal bulls remain in firm near-term technical Control.
Read moreU.S. Dollar Will Be Key For Gold Next Week – Analysts
Gold traders will need to pay attention to the U.S. dollar next week after it gained momentum and could test near-term resistance.
Read moreMain Street Bullish But Wall Street Leans Bearish In Weekly Kitco Gold Survey
Retail investors and market professionals have diverging views on where the gold market is headed next week, according to results of Kitco News’ Wall Street vs. Main Street weekly gold survey.