Gold Traders Eye $1,300 – Will It Lead To Momentum Buying Or Profit-Taking Selling?
Analysts say a key for the gold market next week simply will be what happens around the $1,300-an-ounce level – whether the upward momentum will continue after Friday’s U.S. jobs report, or whether bullish futures traders will decide to start exiting positions to capture profits.
Bullish on Gold Next Week? 63% of Main St. Investors, 56% of Wall St. Experts Say Yes
Gold prices managed to trade above $1,300 earlier in the week, but have since come down.
Read moreWall St. May Want Trump, But Guess Who Doesn’t
Editor’s Note: With the U.S. elections just half a year away, it is important for investors to now start considering how each presidential candidate could potentially affect their portfolio, particularly their gold investments.
Most Mining Stocks Weaken Through Thursday Along With Metals Prices
Shares of most producers of gold, silver and copper tumbled along with the price during the first four days of the week.
Read moreSix Reasons Gold Investors See Higher Price Levels In 2016
Precious metals remain the 2016 commodity leaders, with silver posting a whopping 25% year-to-date gain and gold showing a 21% advance.
Read moreWeak April Employment Catches Up – Will $1,300 Become Support in Gold?
The weaker than expected US April Employment data is benefitting gold prices and pressuring the US dollar, bond yields and stock prices
Read moreGold Rallies In Aftermath Of Downbeat U.S. Jobs Report
Gold prices are solidly higher in early U.S. trading Friday, in the aftermath of a U.S. employment report that did not meet market expectations.
Read moreU.S. Economy Created 160K Jobs in April
Kitco News reports on U.S. nonfarm payrolls data for April.
Read moreJobs Data The Driver Today
Gold continues to meander within the recent range of $1,275- $1,288 ahead of today’s jobs data.
Stillwater Posts 1Q Loss On Weaker Prices For Platinum, Palladium
Stillwater Mining Co.(NYSE: SWC) reports flipping to a net loss in the first quarter as the price of platinum and palladium tumbled from a year ago, denting revenues.
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