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Crude Oil Drop Worries Marketplace

Gold prices are near steady early today.

The 6PM Recap With Gary Wagner : Markets Essentially Hold Pat With A Little Nagging Voice Chattering About The Fed And Interest Rates

Some analysts are looking for more hawkish sentiment come Wednesday when the Fed releases its statement and Chairwoman Janet Yellen conducts a brief news conference. Data hasn’t been all that strong, we believe, to warrant even a slightly more hawkish read out by the FOMC.

Gold Ends Slightly Up on Corrective Bounce from Recent Downside Pressure

Gold prices finished the U.S. day session slightly higher Monday, on a rebound from the selling seen late last week that produced a technically bearish weekly low close on Friday.

Large Speculators Raise Gold Net Long To Highest Level Since February—CFTC Data

Speculators hiked their bullish positioning in gold futures to the highest level since February during the latest reporting week for the Commodity Futures Trading Commission, analysts report.

High-Grading Strategy Not Good For Long-Term Mining Assets – Expert

Sales Of New U.S. Homes Fall 11.5% To Rate Of 468,000 In September

Purchases of new U.S. single-family homes fell by 11.5% in September to a seasonally adjusted and annualized pace of 468,000, according to a Commerce Department report Monday.

Randgold Resources Pays Off Shareholders’ Loans For Tongon Gold Mine

Randgold Resources’ (LSE: RRS; NASDAQ: GOLD) Tongon gold mine has paid off its shareholders’ loans of $448 million, used to partially fund its capital investment of $580 million, thereby moving it into a dividend-paying position, chief executive Mark B…

Technical Trading: Gold Stabilizes Above Key Support Zone

Gold prices are moderately firmer in early trading Monday. Looking at the weekly December Comex gold futures chart, the contract closed down last week, but held within the previous week’s high and low to form an “inside week.”

Gold Sees Corrective Bounce from Recent Selling Pressure

Gold prices are moderately higher in early U.S. trading Monday, on a rebound from the selling seen late last week that produced a technically bearish weekly low close on Friday.

UBS: Gold’s Recent Recovery ‘Choppy Yet Encouraging’

UBS describes gold’s recent bounce as “choppy but encouraging.”