Gold Up on Short Covering, Bargain Buying
Gold prices are moderately higher in early U.S. trading Tuesday, on some
more short covering and bargain hunting following recent selling pressure that
drove prices to a 2.5-month low last Friday.
Downside Risks Persist But Gold Looks Mildly Bullish – Triland Metals
Although demand has been lackluster for gold, HSBC analysts say they expect it to strengthen if the metal’s price continues to fall.
Downbeat Economic Data From China And The EU
Gold and silver Prices are moderately higher this morning, on some short covering In the futures market and bargain hunting in the cash
Read moreThe 6PM Recap With Gary Wagner: The Best Reason For Buying Gold Right Now Is? None.
A weaker dollar and reluctant buyers in the gold market faced off against one another today. The result is a narrowly higher price in gold.
Read moreGold Sees Short-Covering, Bargain Hunting Rebound Monday
Gold prices ended a quieter U.S. day session with modest gains Monday, on some short covering in the futures market and some bargain hunting in the cash, after prices dropped to a 2.5-month low last Friday.
Read moreIreland, South Britain Had A Prehistoric Gold Trade Research Shows
(Kitco News) – Researchers from Southampton University of and the University of Bristol have discovered evidence that gold was shipped from south-west Britain to Ireland for trade in prehistoric times.
Read moreSpeculators Increase Gold Short Bets, Exit Silver Long – CFTC
(Kitco News) – Hedge funds and traders increased their short bets in the gold market for the second consecutive week, overwhelming the gold buyers, according to the latest data from the CFTC.
Read moreGold Might Have To Fall Below $1,150 Before EM Demand Picks Up – HSBC
As markets digest Friday’s stronger than expected U.S. employment data, Barclays’ analysts say they expect more downside pressure for gold.
Gold Develops Minor Short Term Bottom
Gold is consolidating at modestly firmer levels on Monday. A minor bottom has formed on the intraday charts, which could act as a short-term floor. The larger trend on a multi-month basis remains neutral within a very large range.
Read moreQuieter Markets On A Summertime Monday
Gold and silver prices are firmer on some short covering following Last week’s selling pressure that drove prices to multi-week lows.
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