Technical Trading: Gold Soars, But Be Careful: Don’t Chase
Feb. 9 –It’s been off to the races this year in the gold market. Gold charged over 11 percent higher since the start of 2016, supported by a bevy of global market factors including reduced expectations for Federal Reserve rate hikes this year, uncertainty over global and U.S. growth prospects and increased appetite for safe haven investments.
Gold Extends Overnight Gains, Closing in on $1,200
Gold prices are trading sharply higher, at a 3.5-month high and are nearing the key $1,200.00 level in morning U.S. dealings Monday.
Read moreGold at $1,200: “Compelling Reasons” Have Haven Seekers Returning to Metal – RBC’s George Gero
Fear of the unknown by investors globally, has helped gold reach $1,200 an ounce on Monday, explains George Gero, Vice President of RBC Capital Markets.
Read moreRandgold Resources Increases Dividend After Rise In Gold Production
Randgold Resources (Nasdaq: GOLD) is planning to raise its dividend after record output in the fourth quarter and full-year 2015, although its net profit was down from a year ago due to weaker gold prices, the company said Monday.
Read moreGold Sharply Up, at 3.5-Mo. High, on Safe-Haven Demand
Gold prices are sharply higher and have scored another 3.5-month high in early U.S. trading Monday.
Read moreGold Solidly Up, At 3.5-Month High On More Safe-Haven Demand
Gold prices Are solidly higher and hit another 3.5-month high in early U.S. dealings today. Prices are now closing in on $1,200 an ounce.
Read moreThe 6PM Recap With Gary Wagner: Gold Shines As Other Investments Dim On Jobs And Earnings
New job creation slowed appreciably in January. But more people were working for higher wages, which signals strength in the labor market and muffles pessimism about the economy in January.
Read moreEverybody Loves Gold…Again
It seems investors and the mainstream media are saying ‘my precious’ to the metals again.
Read moreFed Chair Yellen’s Testimony, U.S. Dollar Flows To Dominate Gold Market Next Week
It appears that not even profit taking can keep gold down for very long, as prices ended the session and the week on a positive note. Looking to next week all eyes will be on the U.S. dollar and Fed Chair Janet Yellen to determine where interest rates …
Read moreCan’t Keep A Good Market Down; Retail Investors, Market Analysts Bullish On Gold Next Week
Some profit taking in gold Friday has not diminished the metal’s short-term positive outlook as most retail investors and market professionals expect the rally to continue, according to the weekly Kitco News Wall Street vs. Main Street Gold Survey.