Gold Stabilizes After Monday’s Rout; More Downside Likely
Gold prices are just modestly lower in early U.S. trading Tuesday, following Monday’s debacle that saw the yellow metal drop sharply and hit a five-year low.
Read moreRaw Commodity Market Bulls Are In Trouble
Kitco News – Gold prices are near steady in early U.S. trading, after selling off sharply and hitting a five-year low Monday
The 6PM Recap With Gary Wagner: Gold Plays Humpty Dumpty, Oil Slips, Dollar Stays Unchanged But Beefy
Gold took a beating overnight in Asia and in trading in New York later. It is off its U.S. lows, but it is still trading in the low 1100s.
Read moreGold Sharply Lower, Hits 5.5-Year Low; Plenty of Bearish Elements, Scant Bullish Factors
Gold prices ended the U.S. day session solidly lower Monday and hit a five-year low of $1,080 an ounce, basis Comex futures, in Asian trading. Prices did bounce off the lows by the time U.S. trading started, but still traded solidly lower on the day. …
Read moreLonger-Term Technicals for Gold Turn More Bearish; Downside Targets Revealed
Price action last week and early this week in nearby Comex gold futures has produced fresh, significant longer-term technical damage to suggest still more price pressure to come in the days and weeks (or longer) ahead. An examination of the monthly co…
Read moreAnalysts: More PBOC Purchases Potentially Supportive For Gold
China’s central bank is likely to keep accumulating gold among its reserves, with this potentially to remain a longer-term supportive factor for the precious metal, some bank analysts say.
Read moreRoyal Gold Acquires Gold, Silver Stream On Rainy River Project
Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL) says that its wholly owned subsidiary RGLD Gold AG entered into
Read moreIs Gold Forming A Selling Climax?
The question all gold traders are asking right now: Has the yellow metal found a bottom?
Read moreGold To Recover When Higher U.S. Rates Factored Into Prices – Capital Economics
UBS says the weakness in gold may be “overdone” after a sharp slide overnight, although the bank also favors being on the sidelines for now.
Read moreGold Pounded to 5-Yr Low in Asia Trade, Rebounds a Bit but Still Down
Gold prices are solidly lower and hit a five-year low of $1,080 an ounce, basis Comex futures, in Asian trading.
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