DailyFX: Gold Could Face Pressure If Market Factors In More Fed Rate Hikes
Equities weakened but safe-haven assets, including gold, are stronger after the People’s Bank of China lowered the fix for its currency and due to geopolitical concerns, says Barclays.
ADP Employment Survey: U.S. Private Sector Companies Create 257K Jobs In December
(Kitco News) – The labor market continues to build momentum as U.S. companies created 257,000 new private-sector jobs last month, well above expectations, according to a report released by payrolls processor ADP Wednesday.
Read moreGold Boosted Amid Anxious World Marketplace
Gold Prices are moderately higher and hit a four-week high today on safe-haven demand and short covering in the futures Markets.
Read moreThe 6PM Recap With Gary Wagner: How New Year’s Trading Is Shaping Up In The First Week
When it comes to crude oil, oversupply, overproduction and immense in-the-ground reserves are trumping the chaos in diplomatic relations between two key players in the Middle East.
Read moreForecaster Still Believes In Gold, Expects Surprise In U.S. Presidential Election
Gold seems to be off to a good start, and looking ahead, one veteran trend forecaster says he remains bullish on the metal and expects a few surprises in 2016.
Read moreGold Sees Modest Follow-Through Buying Following Monday’s Gains
Gold prices ended the U.S. day session modestly higher Tuesday. Some more safe-haven buying and short covering in the futures market were featured, following decent gains posted Monday.
Read moreWhy Capital Economics Lowers End-2016 Gold Price Forecast
Despite an optimistic outlook for gold this year, one UK-based research firm recently downgraded its forecast for gold prices.
Read moreHedge Funds End 2015 With New Short Bets In Gold & Silver – CFTC
The gold market ended 2015 on a softer note as hedge funds and money managers reestablished their short bets, pushing the market close to its previous record net-short position.
Read moreCredit Suisse: Gold To Fare Better Than Commodity Complex In 2016; Mine Supply To Decline
Credit Suisse says gold is positioned to outperform the commodity complex in 2016.
Read moreColumbus Gold Shares To ‘Graduate’ To Toronto Stock Exchange
Columbus Gold Corp. (TSXV: CGT)reports thatits common shares are in the process of graduating to the Toronto Stock Exchange (TSX), having received conditional approval to be listed on the exchange.
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