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.”
Read moreGold 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.
Read moreUBS: Gold’s Recent Recovery ‘Choppy Yet Encouraging’
UBS describes gold’s recent bounce as “choppy but encouraging.”
Important Trading Week Lies Ahead.
Gold prices are firmer in early U.S. trading, as the U.S. dollar is seeing a corrective pullback from its Recent strong gains.
Read moreConfessions of a Gold Analyst: Why Analysts Get Caught Up In The Herd
I am starting to see a lot of anger being directed toward gold analysts.
Read moreFed, BOJ Meeting, Along With US Data To Drive Gold Next Week
Gold traders are bracing for a heavy slate of U.S. economic releases next week, along with key central bank meetings from the U.S. Federal Reserve and the Bank of Japan.
Read moreMost Retail Investors, Analysts Positive On Gold As Expectations For Global QE Grow
Renewed expectations of further global quantitative easing measures is helping to boost optimism in the gold market among some retail investors and market professionals, according to the latest Kitco News Wall Street vs. Main Street Weekly Gold Survey….
Read moreMining Shares Mostly Softer With Metals; Gold Companies To Report Earnings
More than half of the mining companies traded in North America saw their share prices fall during the first four days of this week as gold and silver also retreated.
Read moreGold Gives Up Overnight Gains, Unable to Hold 200-Day Moving Average
(Kitco News) – A stronger U.S. dollar, and equity markets have taken their toll on gold, as the yellow metal fell Friday morning, during the North American equity open.
Read moreGold Loses Altitude as U.S. Dollar Index Surges
Gold prices are now holding just slight gains in mid-morning trading Friday.
The yellow metal has come down from its early-morning highs that were scored in the immediate aftermath of a surprise interest rates cut by China.