Gold Sees Corrective Pullback From Recent Solid Gains
Gold prices are seeing a corrective pullback Wednesday, after scoring solid gains earlier this week and hitting an eight-month high on safe-haven demand amid the world stock and financial market anxiety.
Read moreThe 6PM Recap With Gary Wagner: Gold And Equities Are Trying To Get The Feeling Again
That stocks in New York are either mildly up (the Dow and S&P 500) or barely down (NASDAQ) speaks loudly to the struggle against crude oil price worries. Perhaps the markets are finally saying, “Enough already, all the gloom and doom is overdone.”
Gold Stretches Gains To Fifth-Straight Session; Now What? – Sr. Strategist
Gold futures ended near steady on Tuesday, after their best finish since mid-June. The metal ended the U.S. day session with some mild profit-taking pressure and some technical chart consolidation.
Read morePrivate Convo With Bernanke Gives Best-Selling Author Jim Rickards Clues To Deciphering The Fed
After speaking with former Federal Reserve chairman Ben Bernanke, best-selling author Jim Rickards may have found a way to predict the central bank’s next policy move, especially as stocks continue to struggle.
Gold Ends Near Steady on Mild Profit-Taking, Chart Consolidation
Gold prices ended the U.S. day session near steady Tuesday, on some mild profit-taking pressure and some technical chart consolidation following Monday’s strong gains that pushed prices to an eight-month high just above $1,200.00.
Family That Cheats Together…Pays Nearly $3m For Precious Metals Fraud – CFTC
After nearly nine months in trial, the Federal Court has now ordered two Florida residents to pay nearly $3 million to settle charges by the U.S. Commodity Futures Trading Commission (CFTC) for fraudulent activity in the precious metals space.
Read moreAny Dips In Gold To Provide ‘Good Opportunity’ For Investors – UBS
Gold’s run-up since the start of the year, and so far in February in particular, has been “impressive” to say the least, and analysts at one major Swiss bank say higher metals prices should be attainable. But, investors should remain cautious.
Surprise! Goldman Sachs Remains Bearish On Gold; Sees $1,000 By Year End
There is at least one bank that is not jumping on the gold bandwagon after prices briefly pushed above $1,200 an ounce Monday, hitting its highest level since mid-June.
Read moreSierra Metals Reports Decline In Silver-Equivalent, Copper-Equivalent Production
Sierra Metals Inc. (TSX: SMT; BVL: SMT) reports that silver-equivalent and copper-equivalent output fell last year although both were within guidance.
Read moreNegative Gov’t Bond Yields Making Gold Attractive – MSK
Gold’s appeal as a safe-haven asset could be a global phenomenon as countries see negative interest rates, lowering the yellow metal’s opportunity costs, this according to analysts from MKS (Switzerland).