Expect Gold’s Downtrend To Continue Through 2017, Averaging $900 – BNP Paribas
(Kitco News) – One French bank is not expecting the turn to weakness in the gold market to end anytime soon, forecasting triple-digit gold prices for 2017.
Read moreCentamin Updates Resource, Reserve Estimates For Sukari Gold Mine
Centamin Plc. (TSX: CEE; LSE: CEY) reports that the total measured and indicated mineral resource estimate stood at 13 million ounces of gold, with an open pit resource at a 0.3 gram per tonne cut-off grade, for its Sukari Gold Mine in Egypt, as of Jun…
Read moreGold Up on Short Covering, Bargain Hunting, a Bit More Risk Aversion
Gold prices are moderately higher in early U.S. trading Thursday. Short covering in the futures market and bargain hunting in the cash market are featured.
Read moreU.S. Weekly Jobless Claims Fall To 275K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 6,000 to a seasonally adjusted 275,000 during the week to Saturday, the Labor Department said Thursday.
HSBC: Weak Platinum Prices May Trigger Bargain Hunting By Investors
Platinum prices back below $1,000 an ounce may attract value-oriented investors, says HSBC. Nymex October platinum was as weak as $977.30 an ounce in overnight trading Thursday, its weakest level since Aug. 26, before bouncing.
Read moreFocus Turning To Next Week’s FOMC Meeting
Good morning this is the open with Jim Wyckoff. Gold is Firmer on some short covering and a bit less risk appetite In the market place Thursday morning.
Read moreGold Slides Sharply Lower, Hits a 4-Week Low on Improved Investor Risk Appetite
Gold prices slipped late Wednesday, flirting with the $1,100-an-ounce level and trading at its lowest point since August 11. The metal hit a fresh four-week low, with Comex December gold futures last down $16.70 at $1,104.30 an ounce.
Read moreGold Sharply Lower, Hits 4-Week Low, on Improved Investor Risk Appetite, Bearish Outside Markets
Gold prices ended the U.S. day session solidly lower and hit a four-week low Wednesday.
Read moreGold Likely To Fall Below $900 An Ounce While Price Action Remains Weak – Technical Analyst
(Kitco News) – With high volatility in the marketplace, it is more important to pay attention to gold’s price action and what the charts are saying than any potential fundamental factors, according to one award-winning technical analyst.
August Showed Signs Of Gold Bottom – ETF Securities
Ignore gold’s weakness Wednesday, says one researcher, because August may just have been the beginning of the end for the yellow metal.