CFTC Data Shows Hedge Funds Were Expecting Dovish Fed
Hedge funds moved to the sidelines in the gold market, exiting both long and short positions ahead of the Federal Reserve’ monetary policy statement and updated economic projections, according to the latest data from the Commodity Futures Trading Commission.
U.S. Existing Home Sales Fall 7.1% In February
Kitco News reports on U.S. existing home sales data for February.
Read moreGold Trade Trigger, Watch Inflation
March 21 – Gold prices weakened modestly in early trading Monday, as traders continue to take some money off the table following the massive price surge in the yellow metal since the start of the year.
Arizona Mining: $15.6M Raised From Osisko For Drilling On Taylor Deposit
Arizona Mining Inc. (TSX: AZ) says it has entered into a term sheet with Osisko Gold Royalties Ltd. (TSX: OR) for $15.6 million for drilling on the Taylor deposit.
Read moreGold Weaker On More Profit Taking, Chart Consolidation
Gold on Monday is seeing more profit-taking pressure and backing and filling on the daily chart, following recent gains that pushed prices to an eight-month high less than two weeks ago.
Read moreHSBC: Exchange-Traded-Fund Demand ‘Cornerstone’ Of Gold Rally
The popularity of the gold exchange-traded funds has been a “cornerstone” of the metal’s rally this year, says HSBC.
Gold Weaker Amid Less Risk Aversion In World Marketplace
Gold prices are modestly lower in early U.S. trading, as Risk aversion in the world marketplace has waned the Past couple weeks.
Read moreThe 6PM Recap With Gary Wagner: The Fed is The Proverbial Man Behind The Curtain And We Better Pay Attention
The big story of the trading day is a decline in crude oil that did not create a correlative decline in U.S. equities prices. In the last few days we have seen oil and equities trade in tandem but the equities charged off in their own direction.
Read moreWhen Doves Cry
This is what it sounds like, when doves cry ….Apologies in advance for the earworm but we could not resist.
Gold Analysts To Watch Stocks and Currency Markets Next Week
A shortened trading week because of Easter coupled with little U.S. economic data means the gold market will be led by outside markets, according to some analysts.
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