Goldman Sachs Ignores Latest Rally, Sticks To Call For $1,000 Gold Prices In 12 Months
Despite gold prices hitting a one-year high last week, analysts at Goldman Sachs have reiterated their bearish call on gold, saying the fear that has battered broader financial markets is overdone.
Read moreGold Sharply Lower On Profit-Taking, Better Risk Appetite
Gold prices are solidly lower on profit-taking and a corrective technical pullback from strong gains last week that saw prices hit a 12-month high.
Read moreIncreased Risk Appetite Pressures Gold
Gold is are under solid selling pressure Tuesday morning, on profit taking and a corrective pullback from the recent strong gains.
Read moreThe 6PM Recap With Gary Wagner: U.S. Markets Are Closed And Rest Of World Goes Astray
European shares rallied 3.00% before falling back to a 2.00% rise. Asian stocks snapped a five-day losing streak as China’s central bank fixed the yuan at a much higher rate.
Read moreGold-Currency Snapshot on Presidents Day
Despite U.S. financial markets being closed Monday for Presidents Day, spot gold prices in different currencies showed losses across the on the day.
Read moreHow A Greek Silver Mine Discovery Is Rewriting History
Archeologists in Greece have found a silver mine that may rewrite mining history during the Aegean times.
Read moreHedge Funds Looking For Safe Havens, Driving Speculative Gold Market – CFTC
Gold continues to benefit from renewed buying interest and short covering from hedge funds and money managers, but analysts are mixed as to how long this trend can last.
Read moreAnyone Want To Give Kanye West Gold? Zuckerberg & Larry Page Silent After Plea
Monday, famed rapper Kanye West went on a Twitter rant asking for money, and he aimed for some of Silicon Valley’s elite.
Gold Prices Softer But Uptrend Still In Place Above $1,200
Gold prices are starting the week under modest pressure as U.S. markets are closed for the Presidents Day long weekend.
Read moreFreeport-McMoran Makes $1 Billion Deal With Sumitomo Metals
Freeport-McMoran (NYSE: FCX) announced Monday its plans to sell part of its interest in the Morenci open-pit mine in Arizona for $1 billion to Sumitomo Metals Mining Co.
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