Traders Expect Range-Bound Gold During Holidays, Unless Major Geopolitical Crisis Emerges
Analysts look for the gold market to stay within its recent trading range between Christmas and New Year’s Day, although they caution there is also potential for an outsized move should there be any breaking geopolitical news that impacts markets.
CME Group To Reduce Margins For Comex Silver Futures
CME group is cutting the margin requirement for silver futures on the Comex division of the New York Mercantile Exchange.
Read moreGold Up on Short Covering, Friendly Outside Markets in a Quiet, Pre-Holiday Session
(Kitco News) -Gold prices ended the U.S. day session and a holiday-shortened trading week modestly higher Thursday.
Kitco Survey Shows Modest Optimism For Gold In Final Week Of 2015
There is optimism on gold among retail and professional investors as markets enter the Christmas holiday/New Year’s season, according to the last Kitco News Wall Street vs. Main Street Weekly Gold Survey of 2015.
U.S. Bank Sees Potential For Gold, Oil To Uptick In 2016, Three U.S. Rate Hikes
The commodity complex is likely to track sideways in 2016, with gold and oil among markets “reasonably positioned” for upside potential, says U.S. Bank Wealth Management.
George Gero Placing Bets On U.S. Equities & Fixed Income – Invest Like Experts Series
Week 2 of Invest Like The Experts (#InvestLike) is here and we are asking our industry experts where they’d invest $100,000 in 2016.
U.S. Weekly Jobless Claims Fall To 267K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 5,000 to a seasonally adjusted 267,000 during the week to Saturday, the Labor Department said Thursday.
Gold Firmer on Short Covering Ahead of Long Holiday Weekend
Gold prices are modestly higher in quiet early U.S. trading Thursday. Some short covering in the futures market and perceived bargain-basement buying in the cash market are giving gold its lift.
Read moreHSBC: Light Volume Can Have Impact On Gold Prices During Holiday Period
Thin trading conditions during the holidays could end up being a factor that impacts gold prices, HSBC says. Activity tends to decline in Western markets not only as traders take off extra time around Christmas and New Year’s Day but as they close positions ahead of year-end.
Quiet Holiday Markets
Gold prices are firmer in early U.S. trading on some short Covering and bargain hunting heading into a long holiday Weekend.
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