Gold Sees Modest Corrective Pullback Following Monday’s Strong Gains
Gold prices are just slightly lower in early U.S. trading Tuesday, on a downside technical correction from recent solid gains that saw prices soar to an eight-month high and poke above $1,200.00 on Monday.
Read moreGold Sees Corrective Pullback From Monday’s Strong Gains
Gold prices are seeing a modest profit-taking pullback from Monday’s sharp gains that saw prices hit an eight-month high above $1,200 an ounce on Monday.
Read moreThe 6PM Recap With Gary Wagner: Gold Leading Worldwide Investment Forces Today
At 4 PM in New York, gold is trading up about 2.90%, up around $33. It briefly touched $1200 per ounce.
Read moreGold Hits $1,200 Monday And Analysts See Potential For Higher Prices
(Kitco News) – Momentum in the gold market has reached almost parabolic proportion Monday, as a major target at $1,200 was reached in intra-day trading.
Read moreChina Continues To Buy More Gold As it Sells Other Foreign Reserves
China’s central bank continues to see the value of diversifying into gold as it continues to purchase the precious metal on a monthly basis in the midst of falling total reserves.
Sharp Gains for Gold, Hits 8-Mo. High, Closing in on $1,200
Gold prices ended the U.S. day session sharply higher, hit an eight-month high and came within a whisker of touching $1,200.00 on Monday.
Read more“We’re in a very Confused State; Good For Gold” – Randgold’s Bristow on Global Economy
Randgold Resources (Nasdaq: GOLD) shares soared to the top of the FTSE 100 on Monday after beating market expectations in its full-year results.
Read moreLonger-Term Price Downtrend in Gold Negated
The weekly continuation chart for nearby Comex gold futures shows a 2.5-year-old price downtrend has been negated with the recent upside price action.
Read moreHedge Fund Gold Positioning At Three-Month High – CFTC
A mix of short covering and new investment interest from hedge funds and money managers helped to push speculative interest in gold and future prices to three-month highs, according to the latest data from the Commodity Futures Trading Commission (CFT…
Read moreTahoe Resources Agrees To Acquire Lake Shore Gold
Tahoe Resources Inc. (TSX, BVL: THO, NYSE: TAHO) has agreed to acquire Lake Shore Gold Corp. (TSX: LSG) in an all-stock deal, the companies announced Monday.
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