U.S. Durable Goods Orders Rise 3.4% In June
Kitco News reports on U.S. durable goods orders for June
Read moreGold Sees Some Safe-Haven Demand Amid China Worries
Gold prices are modestly higher in early U.S. trading Monday, getting a lift on some safe-haven demand, some short covering and some bargain hunting.
Read moreChina’s Equity Sell-Off Spooks World Stock Markets, Supports Gold
Kitco News – World stock markets are under selling pressure and gold is seeing some safe-haven investment demand to start the trading week Monday, following a sharp sell-off in the Chinese stock market overnight.
Gold To Remain Sensitive To U.S. Data and Dollar Next Week – Analysts
All eyes will be on the Federal Reserve, the U.S. dollar and economic data next week; and, according to analysts, any weakness could be positive for the gold market.
Read moreHow Much Gold Does Donald Trump Own?
Gold’s growing downtrend has not endeared a lot of investors to the precious metals market, but apparently ‘The Donald’ is a fan of the yellow metal.
Gold Erases Daily Losses On Short Covering, Bargain Hunting
Gold prices in afternoon trading Friday have bounced up to near unchanged after earlier trading solidly lower and hitting a new five-year low of $1,072.30, basis August Comex futures. Short covering in the futures market,
Read moreDespite Lower Prices, Gold Still Not Cheap Enough – Deutsche Bank
As gold prices hit a fresh five-year low on Friday, one major bank says the metal is still not cheap enough in historical terms, and its fair value may be found below $1,000 level.
Read moreKitco Weekly Gold Survey Shows Bear Market Has Room To Grow
Another Friday and another five-year low for gold prices are not helping investor sentiment, which continues to grow more negative, as a strong majority of retail investors see lower prices next week, according to the latest Kitco News Wall Street …
Read moreCommerzbank Trims Gold Forecast But Looks For Uptick To $1,150 By Year-End
Commerzbank lowered its year-end gold forecast Friday but said it still looks for the metal to rise to $1,150 by the end of December.
Read moreMining Stocks Bruised Even More Than Gold Prices
Gold prices hit a five-year low. As of Thursday’s close, the Comex August gold futures had fallen $37.80 to $1,094.10 an ounce. That was a decline of 3.3% since last Friday.