Wall Street, Main Street Decisively Bearish On Gold Next Week
For the second consecutive week, investors and market professionals see lower gold prices next week and the outlook is very decisive.
Read moreBig Moves For Some Mining Stocks This Week
It was a mixed bag for mining stocks this week as gold prices put in a seesaw performance.
Read moreA Pop In Chinese Equity Bubble Could Push Gold Higher – Natixis
One French bank has described the Chinese equity market as “impending doom” which could be good for the gold market in the long-term.
Gold Pushes Above Unchanged as U.S. Stock Indexes Weaken
Gold is seeing some short covering in the futures market and bargain hunting in the cash in late-morning dealings Friday, to push prices from modestly lower levels to slightly higher on the day. The sell-offs in the U.S. stock indexes are also prompt…
Read moreCould Texas Be The Next Gold Nexus?
It is not that Texas does not trust the banks in New York with its gold, or the country’s currency as the state moves forward to create its own precious metals depository, but one politician envisions using gold as another economic tool.
Gold Slightly Down On Bearish Outside Mkts; U.S. PPI a Non-Event
Gold prices are slightly lower in early U.S. trading Friday.
Read moreU.S. Producer Prices Index Rises 0.5% In May
(Kitco News) – Price pressures in the U.S. manufacturing sector increased last month, reversing the previous month’s dramatic drop, according to the latest data from the U.S. Department of Labor.
Traders Awaiting The U.S. PPI Report
(Kitco News) – Gold And silver prices are not straying too far from unchanged In early U.S. trading. The market place was quieter overnight, amid no major fundamental news events to shake the markets. Many traders have shifted into their “summertime” mode, whereby focus is less on the markets and more on outside activities after the work day.
The 6PM Recap With Gary Wagner: Dollar Ends Slide – Gold, Oil, 10-year Yield All Fall
Try as regular traders might today, they couldn’t overcome the resurgent dollar. And, in spite of bellicose words from the IMF, the EU and Greece, equities worldwide managed to pick up some gains. Gold gained nothing on the safe-haven play from the unsettled Greek debt problem today, however.
Gold Pressured by Bearish Outside Markets, Rallying Equities
Gold prices ended the U.S. day session moderately lower Thursday, succumbing to the forces of bearish outside markets—a higher U.S. dollar index and lower crude oil prices.