Gold Hits 2-Month High On More Safe-Haven Buying
Gold is higher again today and hit a two-month high on more Safe-haven demand. The near-term technical posture for gold is also improving this week, which is prompting fresh chart-based buying and short covering.
Read moreGold: U.S. Rate Hike Effect "Overdone" – World Gold Council Reports
The effect that U.S. rates have had on the gold price is “overdone” and may take a back seat this year, said the World Gold Council today in its 2016 outlook and 2015 review.
The 6PM Recap With Gary Wagner: FOMC Minutes Can’t Cure January Blues
The release of the Federal Open Market Committees minutes from its December policy meeting did little to affect trends in today’s markets.
Will Gold Ignore Friday’s Nonfarm Data; Focus On Geopolitical Unease?
(Kitco News) – Opinions are mixed as to whether or not Friday’s employment report can cool down what has been a red hot gold market in the first week of the new year.
Gold Hits 7-Week High On Safe-Haven Buying Amid World Worries On Several Fronts
Gold prices ended the U.S. day session solidly higher and scored a seven-week high Wednesday.
Read moreFirst Rate Hike In 10 Years Was A ‘Close Call’ – FOMC Minutes
(Kitco News) – The first rate hike in almost 10 years was a “close call” for some members of Federal Reserve Open Market Committee, according to the minutes of the December monetary policy meeting.
Gold Getting Ready For a Breakout Move Higher? – BBH
Gold prices seem to be off to a good start this year, and one New York-based investment bank now questions whether or not the yellow metal may be gearing up for a breakout move higher.
Read moreVote Now In The Kitco Weekly Gold Survey
Have your say! vote now in the Kitco News Wall Street vs Main Street Weekly Gold Survey.
Read moreISM Non-Manufacturing Index Falls to 55.3% In December
(Kitco News) – The U.S. service sector lost momentum for the second consecutive month as the the Institute for Supply Management said Wednesday that its headline non-manufacturing index fell slightly to 55.3% in December from 55.9% in November.
Read moreINTL FCStone: Gold May Hit $950 In ‘Another Difficult Year For The Bulls’
INTL FCStone looks for gold to fall below $1,000 an ounce during “another difficult year for the bulls” in 2016, perhaps hitting $950, although the firm also sees a high above $1,200.