UBS: Outflows From Platinum, Palladium ETFs ‘Quite Pronounced’
Flows out of global exchange-traded funds for platinum group metals have been “quite pronounced” lately, says UBS.
The Longer-Term Bullish Case For Gold
Gold is once again trading near steady in early US trading, as the market consolidates and the bulls try to stabilize prices after the recent strong selling pressure.
Read moreThe 6PM Recap With Gary Wagner: Data And Fed Rate Hike Keeping Everyone On Edge As Dollar Soars While Gold Consolidates
U.S. traders awoke today to data from China that increased concerns of deflationary pressure and lack of domestic-market response to stimulus measures so far.
Read moreAnalysts’ Gold Outlooks Mixed as SPDR GLD Holdings Fall To Levels Last Seen In ’08
Holdings in the world’s largest gold-backed exchange-traded fund – SPDR Gold Shares – have fallen to lower levels last seen in 2008. Some analysts say it might be time to take the contrarian approach, while others think it would be wise to wait on the Fed’s next move.
Gold Ends Near Steady on Chart Consolidation; Bears Still in Control
Gold prices finished the U.S. day session near unchanged Tuesday as the market saw chart consolidation after recent strong selling pressure.
Read moreNo One is Paying Attention To The Gold Price – Rob McEwen, Chairman, McEwen Mining
Gold is getting little attention these days, and wrongfully so, says Rob McEwen, chairman and chief owner of McEwen Mining (TSX: MUX), a mid-tier gold and silver producer.
Read moreMetals Focus: India’s Gold Initiatives To Have Little Short-Term Impact On Imports
India’s new gold initiatives are unlikely to have an immediate impact on imports of the metal, says the consultancy Metals Focus.
Gold Near Steady As Bulls Try to Stabilize Market
Gold prices are near unchanged in early U.S. trading Tuesday as the market consolidates after recent strong selling pressure.
Read moreTurkey Approves Environmental Impact Assessment For Centerra Gold Project
Turkey’s Ministry of Environment and Urbanization has granted final approval of an environmental impact assessment for Centerra Gold Inc.’s (TSX: CG) Öksüt project, the company reports.
Gold Firmer On More Short Covering, Bargain Hunting
Gold Prices are firmer early today on short covering and bargain hunting following recent selling pressure.
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