U.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.
Beat the Summer Doldrums: Profit From Gold’s Seasonal Low
It’s been a good year for gold investors, with gold futures up about 20% since the start of 2016.
Read moreGold Pushes Above Unchanged as Bargain Hunters Buy the Dip
Gold prices have moved just above unchanged on the daily, in late-morning dealings Friday. Short-term traders took the opportunity to “buy the dip” in prices, as the yellow metal continues to show the resiliency it takes to sustain a price uptrend.
Read moreGold’s ‘One-legged’ Rally Is Cause of Concern – RBC Capital Markets
Despite gold’s impressive run up so far this year, analysts at RBC Capital Markets are concerned by the “one-legged” nature of its rally.
Tune Out The Noise And Listen To The Market
As the chorus of short-term gold sector bearishness grows louder from the long-term bullish camp, the healthy and bullish price action of the miners continues to outwit the pundits and most of the subscription newsletters.
Read moreGold Sells Off After Retail Sales Number But Is Hanging At Support Level
Strong US retail sales lifted the dollar this morning causing further selling in the metals, as the dollar continues to lift against the yen and euro.
Read moreGold Sells Off After Upbeat U.S. Retail Sales Report
Gold prices are weaker in early U.S. trading Friday. Moderate overnight gains were erased in the immediate aftermath of an upbeat U.S. retail sales report.
Read morePipeline Inflation Pressures See Slightly Weaker than Expected Rise In April
(Kitco News) – Sustained higher energy prices helped to boost U.S. pipeline inflation pressure in April, albeit at a slower than expected pace according to the latest data from the Bureau of Labor Statistics.
Read moreU.S. Retail Sales Increase 1.3% in April, Topping Expectations
Retail sales in the U.S. increased by 1.3% during April, the Commerce Department said Friday.
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