Rising Open Interest, Prices Suggest Funds Returning To Gold Futures
The rise in gold prices during the first four days of the week has coincided with an increase in open interest for Comex futures, suggesting fund managers and other speculators are returning to the market as buyers, analysts said.
Read moreConfessions of a Gold Analyst: Secrets To Successful Trading/Investing
I have been asked many times what it takes to become a successful trader, and I want to take a moment to provide some guidance on the subject.
Read moreCentamin Expects 2016 Gold Output To Rise At Egyptian Mine
Centamin (LSE: CEY; TSX: CEE) reports that 2015 gold output rose at its Sukari Gold Mine in Egypt, and the company expects another increase in production this year.
Read moreU.S. Weekly Jobless Claims Fall 10,000 To 277,000
First-time weekly jobless claims in the U.S. fell by 10,000 to a seasonally adjusted 277,000 during the week to Saturday, the Labor Department said Thursday.
Gold Hits 2-Mo. High, Above $1,100, On Safe-Haven And Chart-Based Buying
Gold prices are higher and hit a two-month high Thursday, on more safe-haven demand amid geopolitical tensions and plunging world stock markets.
Read moreUBS: Gold Prices Trading Above 50-Day Moving Average
Gold is holding above the 50-day moving average ahead of commodity index rebalancing, due to start Friday, says UBS. Prices climbed above this average Wednesday for the first time since early November.
Read moreGold Hits 2-Month High On More Safe-Haven Buying
Gold is higher again today and hit a two-month high on more Safe-haven demand. The near-term technical posture for gold is also improving this week, which is prompting fresh chart-based buying and short covering.
Read moreGold: U.S. Rate Hike Effect "Overdone" – World Gold Council Reports
The effect that U.S. rates have had on the gold price is “overdone” and may take a back seat this year, said the World Gold Council today in its 2016 outlook and 2015 review.
The 6PM Recap With Gary Wagner: FOMC Minutes Can’t Cure January Blues
The release of the Federal Open Market Committees minutes from its December policy meeting did little to affect trends in today’s markets.
Will Gold Ignore Friday’s Nonfarm Data; Focus On Geopolitical Unease?
(Kitco News) – Opinions are mixed as to whether or not Friday’s employment report can cool down what has been a red hot gold market in the first week of the new year.