The 6PM Recap With Gary Wagner: Shooting The Greek Rapids, Equities And U.S. Dollar Gain
The River Styx has turned into a set of dangerous rapids Greece, and some part of the developed world, must contend with. But maybe that makes little difference at this point.
Read moreDeflation A Bigger Factor For Gold Than Greece: ETF Securities’ McGlone
New York – (Kitco News) – Gold may be breathing a sigh of relief that June is over. Despite the weaker U.S. dollar, lower stock prices and increase in the VIX volatility index, June has been a disappointing month for the precious metals.
Gold’s Technical Picture Remain Bearish But Low Could Be Six Months Away – Trader
Gold’s inability to hold its mid-June gains does not paint a positive technical outlook for the metal, and one trader thinks it is only a matter of time before there is a final capitulation selloff, setting new market lows.
Gold Down on Lack of Safe-Haven Demand, Higher USDX and Bearish Charts
Gold prices ended the U.S. day session low and hit a three-week low Tuesday. The deteriorating Greek debt crisis has so far failed to roil world markets, or support safe-haven gold.
Read moreVote Now In The Kitco Weekly Gold Survey
Kitco News – It is now time to have your say in where you think gold prices are heading in the short-term. Vote now!
Read moreGoldcorp Completes Secondary Offering Of Tahoe Shares
Goldcorp Inc. (TSX: G; NYSE: GG) no longer owns any common shares in Tahoe Resources (TSX: THO; NYSE: TAHO; BVL: THO) after the two companies announced a closing of a secondary offering of shares in Tahoe Tuesday.
Read moreU.S. Consumer Confidence Rises To 101.4
Kitco News reports on the Conference Board’s consumer confidence index for June
Read moreRBC: South African Platinum Supply Could Be More Than Expected
CPM Group says the current Greek debt uncertainty is an example of why investors might want to hold some gold as “insurance,” although the consultancy also does not look for a quick Greek exit from European monetary union and a rapid rise in the metal.
Greece Default Is Focus, But Markets Not Panicked
Kitco News – The Greece government needs to make a more than 1 billion Euro debt payment by the end of today, or be technically in default. Last-minute scrambling by both Greece and the EU may or may not find a way to once again kick the can down the road on the debt repayment/new bailout money matter. . The U.S. dollar is higher and the Euro currency is lower. Gold prices are weaker. Risk aversion in the world market place is not keen Tuesday.
Gold Pressured by Lack of Safe-Haven Demand, Higher USDX, Bearish Charts
Gold prices are lower in early U.S. trading Tuesday, as the deteriorating Greek debt crisis has so far failed to roil the world markets.
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