Gold Sees Corrective, Short-Covering Bounce from Recent Selling Pressure
Gold prices posted moderate gains Monday on an upside technical correction, some short-covering in the futures market and on some bottom-picking in the cash market. Gold prices last Friday set a 5.5-year low.
Read more90% Of Aussie Mining Operations Still In The Black – Surbiton Associations
(Kitco News) – Despite continued prices declines in the gold market, one mining jurisdiction is still seeing some healthy profits and positive market sentiment.
Read moreCiti Research Sees Softer Gold In 2016 But Not ‘Outright Price Capitulation’
Citi Research looks for gold prices to decline further in 2016 but does not envision an “outright price capitulation,” while platinum group metals are expected to rise from current levels.
Read moreU.S. Pending Homes Sales Relatively Unchanged In October
Kitco news reports on U.S. pending home sales for October
Read moreChicago PMI Falls To 48.7 In November From 56.2 In October
The headline index for the Chicago Business Barometer, widely known as the Chicago Purchasing Managers Index, fell to a reading of 48.7, according to a report released Monday.
Read moreCommerzbank: Gold Held Back In Run-Up To December Federal Reserve Meeting
U.S. dollar strength and expectations for Federal Reserve tightening next month continue to hold back gold prices, says Commerzbank.
Read moreTechnical Trading: Gold Traders, Time To Develop Your Trading Plan
Gold traders get ready for potential fireworks this week. Now is the time to pick your levels and write out your trading plan. There are a bevy of headline events that could rock markets in one direction or another including:
Read moreBarrick: Draft Environmental Impact Statement Filed For Donlin Gold Project
Barrick Gold Corp. (NYSE, TSX: ABX) and Novagold Resources Inc. (TSX, NYSE-MKT: NG) report that the Donlin Gold draft environmental impact statement (DEIS) has been published by the U.S. Army Corps of Engineers.
Read moreGold Slightly Up on Tepid Short Covering, but Prices Not Far Above 5.5-Year Low
Gold prices are posting slight gains on some mild short-covering in the futures market and bottom-picking in the cash market. However, prices are not far above the very recent
Read moreNovember A Dismal Month Of Raw Commodities
Gold Prices are near steady Monday and hovering near last week’s Six-year low.
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