Gold Setting Itself Up for a Breakout on First Day of Fed Meeting?
As day one of the year’s first Federal Reserve meeting kicks off, one veteran trader says gold looks like it may be setting itself up for a breakout.
Day 1 of Fed: Positive Factors Outweigh Negative For Gold – Bubba Horwitz
As day one of the year’s first Federal Reserve meeting kicks off, one veteran trader says gold looks like it may be setting itself up for a breakout.
Gold Post Solid Gains and Hits Nearly 3-Month High on Save-Haven and Technical Buying
Gold prices ended the U.S. day session higher and scored a nearly three-month high Tuesday. More safe-haven demand and technical buying were featured and bulls have near-term momentum on their side.
Read more‘Cautiously Optimistic’ on Gold, Price To Avg $1,164/oz: GFMS Updated Survey
Gold prices have been on the rise since the start of the year, and one precious metals research firm even sees the metal jumping back above $1,200 an ounce.
Read moreWeaker Gold Price On Tempered Dovish Fed Statement Could Be Buying Opportunity – Analysts
(Kitco News) – The gold market — expecting extremely dovish comments from the Federal Reserve Wednesday, following its monetary policy meeting, could be disappointed, creating some selling pressure according to some analysts.
Read moreGold & Silver Make A Comeback Ahead of Year’ s First Fed Meeting – Mitsubishi
Gold pushes higher on day one of the year’s first Federal Open Market Committee meeting, but Mitsubishi’s precious metals analyst says that although the short-term forecast for the yellow metal remains positive, there may be a tough road ahead.
Samsung Launches Gold Smartwatch, And It’s Cheaper Than Apple’s
Even if it also has some gold in it, Samsung’s latest smartwatch may still be cheaper than its competitor – the $17,000 rose gold Apple Watch.
U.S. Consumer Confidence Rises to 98.1 In January
(Kitco News) – U.S. consumers continue to feel more optimistic in the new year, adding to positive sentiment in December, according to the latest data from the Conference Board.
Read moreHSBC: Yield Curve Suggests Tightening Prospects Dim; ‘This Is Good For Gold’
Gold may be building a base around $1,100 an ounce, benefitting from a scaling back of expectations for tightening of monetary policy by the U.S. Federal Open Market Committee, says HSBC.
Read moreFreeport Reports Net Loss In 4Q, Considering Asset Sales, Joint Ventures
Freeport-McMoRan Inc. (NYSE: FCX) reported a fourth-quarter net loss Tuesday mainly due to write-downs, and officials said they are considering measures such as asset sales and joint ventures in order to cut debt.
Read more