Crouching Tiger, Hidden Gold?
(Kitco News) – Boom! China shocked the bullion market this Friday by revealing an increase in its official gold holdings for the first time in 6 years
Read moreKitco Gold Survey: 68% Of Main Street And Wall Street Negative On Gold
Gold hitting a new five-year low Friday morning has brought the bears out of the woodwork as both Wall Street analysts and retail investors are extremely negative on the yellow metal next week, according to the Kitco News Wall Street vs. Main Street W…
Read moreGold Drops to 5-Year Low on Technical Selling Pressure, Bearish Outside Markets
(Kitco News) – Gold futures prices late Friday morning dropped below the 2014 low to set a five-year low of $1,129.60 as of this writing. Bearish “outside markets” on this day–a firmer U.S. dollar index and weaker crude oil prices–have combined with…
Read moreHUG PRIME FRIDAY: A Retail Primer
Read moreMining Stocks Mixed; McEwen Mining Has Good Week
North American gold- and silver-mining stocks were mixed in the first four days of this week. Pundits might consider this somewhat good news since gold itself fell, which tends to hurt the mining sector.
Read moreGold Hits 5-Year Low, But May Be Ready For Bounce – Jim Cramer’s Mad Money
Gold hit a fresh five-year low Friday; but, one technical expert said that the metal may actually be gearing up for a bounce.
Read moreChina Boosts Its Gold Reserves By 57% For the First Time In Six Years
(Kitco News) – News that China has announced an increase in its gold reserves for the first time in more than six years is getting mixed results among analysts, who add that they are not surprised that it is not having an impact on prices.
Read moreGold Extends Early Losses to Trade at 8-Month Low
(Kitco News) – Gold prices are trading moderately lower and have hit a fresh eight-month low in late-morning dealings Friday.
Read moreDollar: Gold’s Biggest Threat, USD Could ‘Easily Move Up’ to $100 – Gary Wagner
Read moreU.S. Consumer Prices Rise 0.3% in June; Core CPI Up 0.2%
The U.S. consumer price index rose 0.3% in June, the Labor Department reported Friday. Meanwhile, core CPI excluding the volatile food and energy sectors was up 0.2%.
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