The 6PM Recap With Gary Wagner : No Revolution But Plenty Of Convolution In Gold And Equities Amid Hard Falling Oil Prices
Yet another factor came into play today in all markets. China data (which may be discounted by 30 to 50%) seemed weak today. It reflects the continuing slowdown in that enormous country.
Read moreGold Lower On Profit-Taking, Chart Consolidation, Bearish Outside Markets
Gold prices ended an uneventful day session moderately lower Monday, on some more profit taking from the shorter-term traders and on chart consolidation after the market hit a 3.5-month high last week.
Read moreCommerzbank Sees $1,150/Oz Gold In 4Q, Sustained Rise Once Fed Uncertainty Dissipates
Commerzbank looks for gold to average $1,150 an ounce in the fourth quarter and rise to $1,200 in the first two quarters of 2016, suggesting that sustained price rises may not occur until uncertainty about the first U.S. interest-rate hike goes away.
Read moreBMO Looks For Senior Gold Producers To Report Free Cash Flow
Most of the senior gold-mining companies should be able to report free cash flow in upcoming earnings reports, says BMO Capital Markets. Earnings season for these companies begins Oct. 28.
Read moreDollar Bounces, Could Add Pressure To Gold Near Term
The gold market slid lower in overnight and early trading Monday, pressured in part by moderate strength in the U.S. dollar. Fundamentally and technically, the U.S. dollar is poised for potential near-term gains, which in turn could weigh moderately on…
Read moreGold Net-Long Positioning Climbs To Highest Level Since May – CFTC Data
Large speculators continued to cut their bearish bets and add to bullish ones in both gold and silver, according to the most recent positioning data from the Commodity Futures Trading Commission.
Read moreMetals Focus Upbeat On Prospects For Silver-Jewelry Demand
Metals Focus says it remains optimistic about global silver-jewelry demand in 2015. Further, the consultancy does not expect this to be undermined by an upturn in prices.
Read moreGold Down On More Profit-Taking, Bearish Outside Markets
Gold prices are again moderately lower in early U.S. trading Monday, on some more profit taking from the shorter-term traders and on chart consolidation after the market hit a 3.5-month high last week.
Read moreChina GDP Growth Rate The Slowest In Years
Gold prices are lower on a corrective pullback from last Week’s gains. The key outside markets early Monday are also in a bearish posture for the precious metals. The U.S. dollar index higher and crude oil prices are weaker.
Read moreThe 6PM Recap With Gary Wagner: Gold Ends Week Up Amid Slight Consolidation But With Long Term Bullish Overtones
Gold was pushed and pulled in two directions today, but nevertheless ended the week just off 3-1/2 month highs. Indeed, the yellow precious metal eased on Friday as a recovering dollar tugged on prices and investors decided to take their portfolios int…
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