Gold Ends Near Steady on Mild Profit-Taking, Chart Consolidation
Gold prices ended the U.S. day session near steady Tuesday, on some mild profit-taking pressure and some technical chart consolidation following Monday’s strong gains that pushed prices to an eight-month high just above $1,200.00.
Family That Cheats Together…Pays Nearly $3m For Precious Metals Fraud – CFTC
After nearly nine months in trial, the Federal Court has now ordered two Florida residents to pay nearly $3 million to settle charges by the U.S. Commodity Futures Trading Commission (CFTC) for fraudulent activity in the precious metals space.
Read moreAny Dips In Gold To Provide ‘Good Opportunity’ For Investors – UBS
Gold’s run-up since the start of the year, and so far in February in particular, has been “impressive” to say the least, and analysts at one major Swiss bank say higher metals prices should be attainable. But, investors should remain cautious.
Surprise! Goldman Sachs Remains Bearish On Gold; Sees $1,000 By Year End
There is at least one bank that is not jumping on the gold bandwagon after prices briefly pushed above $1,200 an ounce Monday, hitting its highest level since mid-June.
Read moreSierra Metals Reports Decline In Silver-Equivalent, Copper-Equivalent Production
Sierra Metals Inc. (TSX: SMT; BVL: SMT) reports that silver-equivalent and copper-equivalent output fell last year although both were within guidance.
Read moreNegative Gov’t Bond Yields Making Gold Attractive – MSK
Gold’s appeal as a safe-haven asset could be a global phenomenon as countries see negative interest rates, lowering the yellow metal’s opportunity costs, this according to analysts from MKS (Switzerland).
Gold Sees Modest Corrective Pullback Following Monday’s Strong Gains
Gold prices are just slightly lower in early U.S. trading Tuesday, on a downside technical correction from recent solid gains that saw prices soar to an eight-month high and poke above $1,200.00 on Monday.
Read moreGold Sees Corrective Pullback From Monday’s Strong Gains
Gold prices are seeing a modest profit-taking pullback from Monday’s sharp gains that saw prices hit an eight-month high above $1,200 an ounce on Monday.
Read moreThe 6PM Recap With Gary Wagner: Gold Leading Worldwide Investment Forces Today
At 4 PM in New York, gold is trading up about 2.90%, up around $33. It briefly touched $1200 per ounce.
Read moreGold Hits $1,200 Monday And Analysts See Potential For Higher Prices
(Kitco News) – Momentum in the gold market has reached almost parabolic proportion Monday, as a major target at $1,200 was reached in intra-day trading.
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