Gold Could See One More Dip Before Bigger Rally – Capital Economics
This week’s rally in gold has created renewed optimism in the marketplace; however, it might too early to call the bottom in gold as one research firm still expects the Federal Reserve to hike rates in September.
Gold Firmer, Hits 6-Wk High Overnight; World Market Place Anxiety Boosting the Safe-Haven Metal
Gold prices are modestly higher in early U.S. trading but scored a six-week high overnight.
Read moreWorld Marketplace Is Anxious Friday
Gold prices are slightly higher and hit a six-week high Overnight, as safe-haven demand has been keen for the yellow metal this week.
Read moreThe 6PM Recap With Gary Wagner: Look No Further Than Oil, The Fed, And Summer Malaise
Crude oil right now reminds us of those apocalyptic movies where an asteroid hurtles toward Earth and everyone watches as it grows bigger and bigger while a countdown to doomsday pops up on every television screen from Siberia to South Florida.
Read moreGold Sees Sharp Gains, Hits 5-Wk High, on Strong Safe-Haven Demand amid World Stock, Currency Mkts Turmoil
gold, silver, technical analysis, Wyckoff
Read moreReal Life Monuments Men? Treasure Hunters Believed To Have Found Lost Nazi Gold
After decades of mystery and intrigue, two treasure hunters are making headlines around the world as they are claiming to have found a ghost train carrying lost Nazi gold.
Read moreCommodity Slump Not Necessarily Signaling Recession – Capital Economics
As the commodity price slump continues, one UK-research firm is comparing it to the declines last seen during the 2008-09 financial crisis.
Expect Selling In Gold To Overcome Shorter Term Bid – Triland Metals
The dovish tone to the FOMC minutes on Wednesday was enough to push gold prices back to the March lows, but prices still need to push higher to signal that a bottom has been made in the yellow metal, says Ole Hansen, head of Commodity strategy at Saxo Bank. Thursday morning, Comex December gold futures hit a high of $1,151.70 an ounce. “If gold can make it back above $1,157 you can start to argue that we have seen the bottom in the market,” he said in a video market update on tradingfloor.com. “But for that to happen we need to see further U.S. dollar weakness and continued weakness in equities.” Finally, Hansen added that it will be important to see on Friday, how much of this rally is related to short covering and how much is from new investors.
Thursday’s Charts for Gold, Silver and Platinum and Palladium, August 20
Get the Big Picture view on gold, silver and other precious metals markets with Kitco Senior Analyst. With thorough analysis, get a sense of today’s market as well as where it may be heading. Be in the lead.
Read morePhilly Fed Manufacturing Index Rises To 8.3 In August
The headline index for the survey of manufacturing from the Philadelphia area strengthened in August, beating expectations, according to the Philadelphia Federal Reserve.
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