Gold Up, Hits 3-Month High, As Bulls Continue to Gain Confidence
Gold prices are modestly higher and scored another three-month high in early U.S. trading Wednesday.
Read moreLaSalle’s Nedoss: Comex Gold Pokes Above 200-Day Moving Average
Comex April gold futures have probed above the 200-day average. “You’re seeing some technical stuff (buying),
U.S. ADP Shows 205K Private Sector Jobs Created In January
(Kitco News) – The U.S. labor market lost some momentum last month compared to December, but still managed to beat expectations, as private U.S. companies created more than 200 jobs according to the latest data released by released by payrolls process…
Read moreGold Firmer As World Stock Markets Still Uneasy
Gold prices are firmer and hovering near this week’s three-month high as safe-haven demand and technical buying are featured amid shaky world stock markets.
Read moreThe 6PM Recap With Gary Wagner: Ball of Confusion Intensified by the American Political Process is helping Firm the Price of Gold
Oil prices today sank again on inventory and overproduction, dragging equities with them. The Dow, S&P and NASDAQ are all down about 2.00%. NASDAQ is the weakest as Alphabet – Google – lost half of its gains from today’s highs on profit taking.
GLD Holdings Uptrend Mirrors Gold Price Rise of 6%
Gold prices have risen amid volatile markets, as have holdings in the world’s largest gold-backed exchange-traded fund. In fact, holdings in SPDR Gold Shares (AMEX: GLD) have risen by nearly 40 tonnes so far in 2016, almost at the same pace as early last year.
Precious Metals Recap: Gold & Silver To Shine – Capital Economics
Despite oil’s downward pressure on commodity prices since the start of the year, with Bloomberg’s Commodity index falling to levels last seen in 1991, analysts from one U.K.-based research firm note that gold has managed to shine; and, say precious metals should continue to benefit from market uncertainty.
Gold Weaker On Profit Taking in Choppy, Two-Sided Session
Gold prices were ending the U.S. day session weaker Tuesday, on some profit taking and technical chart consolidation after posting modest gains and hitting a three-month high earlier in the day. A sell-off in the U.S. stock market did limit the downs…
Read moreGold Could Do Well in Deflationary, Currency Debasement Environment – BMO Capital Markets
While traditional wisdom concludes that gold is historically a hedge against inflation, one Canadian bank also sees potential for the yellow metal in a deflationary environment — a scenario that seems more likely.
Read moreLBMA 2016 Forecasters Upbeat On Precious Metals; Gold Seen Up 1.1% From Early January
Forecasters in the London Bullion Market Association’s annual survey are upbeat on all of the precious metals in 2016, looking for palladium to post the biggest gains.