Gold Pushes To 13-Month High Overnight
A feature in the marketplace this year has been the solid rally in gold prices, which have appreciated over 15% so far in 2016. Gold futures prices hit a 13-month high above $1,275.00 an ounce overnight.
Read moreThe 6PM Recap With Gary Wagner: Equities Up Only Slightly On Job Data Worry As Gold Advances Strongly
In trading at 4 o’clock in New York, gold is sitting at $1261 per ounce. It is pulling the rest of the precious metals complex up, although it appears that raging palladium would do quite well if it went solo.
Another Bear Becomes Bull, CIBC Sees Potential For Gold To Hit $1,400
(Kitco News) – A former bearish bank is now jumping on the gold bandwagon, saying that it makes sense to own gold in an environment of growing market uncertainty and rising volatility.
Read moreGold Sees Solid Gains As U.S. Stock Indexes, U.S. Dollar Weaken
Gold prices ended the U.S. day session solidly higher and closed at a 13-month high close Thursday. Weaker U.S. stock indexes and a sell-off in the U.S. dollar index were bullish elements for the precious metal on this day. A firmly bullish near-term t…
Read moreOne Bank Sees Gold Well Supported, Ups Its Year-end Forecast To $1,250
Gold’s impressive start for 2016, up 18% on the year, is making one bullish bank even more optimistic.
U.S. ISM Non-Manufacturing Index Falls To 53.4% In February
(Kitco News) – U.S. domestic demand has been the one bright spot in what has been a faltering economy, but there are signs this segment is losing momentum, according to the latest non-manufacturing survey from the Institute for Supply Management (ISM)…
Read moreGold Moves to Daily High as U.S. Dollar, U.S. Stock Indexes Decline
Gold prices are moderately higher and near the session high in late-morning trading Thursday. A dip in U.S. stock indexes and the U.S. dollar index have prompted some fresh buying interest in the safe-haven gold market.
Read moreU.S. Weekly Jobless Claims Rise 6,000 To 278,000
First-time weekly jobless claims in the U.S. rose by 6,000 to a seasonally adjusted 278,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Showing Impressive Resilience; U.S. Jobs Data Awaited
Gold prices are modestly higher in early U.S. trading Thursday. The present world investment climate and marketplace attitudes continue to keep gold sellers very timid.
Read moreRBC: ‘Gold Specifically Has Been The Standout’ Boosting 2016 Commodity Investment
Continued accumulation of gold by exchange-traded funds and worries that central bankers are running out of options to boost economic growth are playing a role in gold’s recent strength, says HSBC.