Analysts: More PBOC Purchases Potentially Supportive For Gold
China’s central bank is likely to keep accumulating gold among its reserves, with this potentially to remain a longer-term supportive factor for the precious metal, some bank analysts say.
Read moreRoyal Gold Acquires Gold, Silver Stream On Rainy River Project
Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL) says that its wholly owned subsidiary RGLD Gold AG entered into
Read moreIs Gold Forming A Selling Climax?
The question all gold traders are asking right now: Has the yellow metal found a bottom?
Read moreGold To Recover When Higher U.S. Rates Factored Into Prices – Capital Economics
UBS says the weakness in gold may be “overdone” after a sharp slide overnight, although the bank also favors being on the sidelines for now.
Read moreGold Pounded to 5-Yr Low in Asia Trade, Rebounds a Bit but Still Down
Gold prices are solidly lower and hit a five-year low of $1,080 an ounce, basis Comex futures, in Asian trading.
Read moreGold Hits Five-Year Low Overnight
Kitco News) – A feature in the raw commodity market place Monday is the sharp sell-off in the gold market
Money Managers Trim Gold Net-Long, Reduce Net-Short In Silver — CFTC
Large speculators liquidated some of their collective slightly bullish positioning in U.S. gold futures and options during the most recent reporting week, but trimmed their net-short in silver on short covering, the most recent data show.
Read moreThe 6PM Recap With Gary Wagner: Digging Data Data Data Data Data
The June Consumer Price Index was reported out today and fell in line with expectations at 0.3%. This caused the true believers in a September Federal Reserve interest-rate hike to break out the dance records and party hats.
Read moreU.S. Mint To Restart Silver Sales July 27, Gold Demand Remains Strong
(Kitco News) – Silver bullion investors will have to wait one more week to buy more 2015 U.S. American Eagle Silver coins from the U.S. Mint.
Read moreExpect To See More Gloom In Gold Next Week
According to one analyst, a dark mood is hanging over the gold market and with the Federal Reserve looking to hike rates in September it doesn’t look like gold’s weakness will end in the short-term.