Main Street Remains Bearish On Gold, Wall Street Shifts To Neutral
The majority of Main Street gold investors remain bearish on the gold market next week while market professional are more neutral, according to the Kitco News Wall Street vs Main Street Weekly Gold Survey.
Read moreSilver Mining Stocks Were Up; Who Led The Way?
With another Fed meeting and no rate hike to report, all eyes shifted to the mess that is Greece. The metals had another reasonable week, with gold prices looking to post a second consecutive winning week.
Read moreCould Greece Sell Its Gold Reserves?
(Kitco News) – Eleventh-hour negations between Greece and its creditors passed Thursday with no resolution in sight but one European Bank said that the beleaguered nation has one more Hail-Mary shot, but it’s only a short-term solution and could exacerbate the situation.
Cautious Portfolio Managers Increasing Cash Positions – Bank Of America Survey
Kitco News – Cash is king among cautious portfolio managers, according
to the June Bank of American Merrill Lynch (BAML) Fund Manager Survey.
Greece Remains On The Front Burner
(Kitco News) – Gold and Silver prices are trading near unchanged in early U.S. dealings Today, as those markets are in a pause mode after Thursday’s Solid gains. There remains some risk aversion in the market place Friday amid increasing worries about Greece defaulting on its debt obligations to the European Union and International Monetary Fund, after no progress was made at a meeting between Greece and EU officials Thursday
Gold Pauses After Solid Gains Thursday
Gold futures prices near steady in early U.S. trading Friday, as the market pauses and consolidates after big gains recorded Thursday, in which the yellow metal hit a four-week high of $1,205.70.
Read moreSix 6 PM Recap With Gary Wagner: Looking Beyond The FOMC Press Release For Gold And Equities
Gold is holding a very fine gain despite the fact that the U.S. dollar has recovered some its losses. We need to be wary of what lies over the horizon, however, and we do mean the immediate horizon.
Read moreGold Solidly Up, Hits 4-Week High, on Bullish Fundamentals
Gold prices ended the U.S. day session solidly higher, pushed above the key $1,200.00 mark and hit a four-week high Thursday. The yellow metal was boosted by bullish remarks from the Federal Reserve chair on Wednesday afternoon and on safe-haven deman…
Read morePhilly Fed Manufacturing Index Rises To 15.2 In June
Kitco News reports on the Philadelphia Federal Reserve manufacturing survey for June
Read moreU.S. Weekly Jobless Claims Fall To 267K
First-time weekly jobless claims in the U.S. fell by
12,000 claims to a seasonally adjusted 267,000 during the week to Saturday, the
Labor Department said Thursday.