TD Securities: Gold May Start 2016 Under Pressure, Then Recover
TD Securities looks for gold to remain under pressure early in 2016 before bouncing from the lows, listing a full-year average price forecast of $1,131 an ounce.
Read moreRaw Commodity Markets Being Punished
The key “outside markets” on Monday morning are fully bearish for the raw commodity sector, including the precious metals.
Read moreThe 6PM Recap With Gary Wagner: Holidays On Deck As We Watch The Beginning Of Quieting In Some Markets
Thanksgiving Day itself is a full on market-closed holiday, but between the run up and the lethargy of the day after, don’t expect much from New York or Chicago.
Confessions of a Gold Analyst: How Surprise News Events Affect Market Prices
My heart goes out to the innocent victims of the bombings and attacks in France. Unfortunately, events like this have occurred throughout human history, and, sadly, will likely continue to happen.
Read moreUS GDP Data, Oversold Conditions To Drive Gold During Short Holiday Week
Gold prices closed moderately lower for the week, pressured by this week’s main event -the release of the U.S. Federal Open Market Committee (FOMC) October 28 meeting minutes.
Read moreMain St. Predominately Bearish On Gold While Wall St. Sentiment Remains Mixed
After hitting a 5.5-year low Wednesday, gold prices seemed to trade moderately higher Friday. However, most retail investors remain bearish on the metal’s price for the week ahead while market professionals seem undecided, according to Kitco’s Weekly Gold Survey.
Gold-Mining Shares Mostly Higher; St Andrew Jumps After Merger News
Most shares of gold- and silver-mining companies that traded in North America had a good week as the price of the metals themselves stabilized, with one of the biggest winners being St Andrew Goldfields Ltd., after news that the company was being bough…
Read moreWhy Current Commodity Bust Cycle May Be Different Than Before? China, Says One Harvard Professor
The current commodity bust is in its fourth year, and although past commodity-price downtrends have lasted on average seven years, one Harvard professor says it may be a different this time because of one major economy — China.
Read moreGold Firmer On Some Safe-Haven Demand, Corrective Rebound
Gold prices are moderately higher in early U.S. trading Friday, on some safe-haven buying interest amid a developing terror event in West Africa.
Read moreStill Hard To Call Bottom For Commodities – Triland Metals
Although gold and other commodity prices saw a push higher Friday morning, it was short-lived, say analysts from Triland Metals in a research note.
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