One 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.
Gold Firmer As Marketplace Awaits US Jobs Report Friday
Gold prices are slightly higher in early US trading. The yellow metal bulls have the firm overall near-term technical advantage amid an uptrend in place on the daily bar chart.
Read moreGold Gains On More Safe-Haven Demand, Technical Buying
Gold prices ended the U.S. day session higher Wednesday, on more chart-based buying and safe-haven demand. Weaker U.S. stock indexes Wednesday invited some safe-haven demand for gold.
Read moreBeijing JiYa Optimistic For The Tech Metal: Gallium
Of the strategic metals, gallium is seen by many as the one with the most promising short to medium term growth potential.
Read moreU.S. Employment Friday Won’t Have To Be Too Weak To Push Gold Higher – Analysts
(Kitco News) – With so much uncertainty hanging over the global and U.S. economies, Friday’s unemployment report might not have to be too disappointing to drive gold prices higher, according to some analysts.