Gold Market To Remain Range Bound Next Week Ahead Of Employment Report – Analysts
All eyes will be on next week’s May U.S. employment report and the European Central Bank as analysts expect gold to trade at the upper end of its current range.
Wall Street, Main Street See Higher Gold Prices Next Week
Although gold appears to be ending its second consecutive week in negative territory, both Main Street and Wall Street are expecting to see higher prices as a new month of trading kicks off.
Read moreGold Prices Hit By USD This Week, Which Miners Were Up?
After a short two-week hiatus, mostly due to the fickle and deviant nature of technology, we can finally walk you through the movers and shakers of the week.
Read morePrice Neutral On Gold & Silver In Near Term – HSBC
Although gold prices found support from a small rally in the EUR-USD on Thursday, analysts at HSBC say upside potential for gold is limited.
Read moreGold Pushes Above Unchanged and to Session High on Short Covering, Bargain Hunting
Gold prices are posting a modest rally in late-morning trading Friday
Read moreChinese Gold Demand Weakens, India’s Remains Consistent In April
According to the latest Swiss and Chinese trade data physical gold demand is dropping, but according to some analysts this should not be a major concern for the global market.
Read moreGold Near Steady; U.S. GDP Data a Non-Event
Gold prices are once again near steady levels in early U.S. trading Friday.
Read moreU.s. Preliminary GDP Falls 0.7% In First Quarter
(Kitco News) – The U.S. economy shrank as expected during the first three months of the year, according to the second estimates the nation’s gross domestic product (GDP).
Markets On Hold Overnight, Awaiting US GDP Report
Kitco News – Gold, silver and many markets are in a holding pattern as traders and investors are awaiting the revised U.S. first-quarter gross domestic product report due out this morning. Forecasts are calling for the GDP number to be down 1.0%.
The initial reading was up 0.2%. Many believe the anemic first-quarter U.S. economic growth was an anomaly and that growth picked up significantly in the second quarter.
The 6PM Recap With Gary Wagner: Dollar Comes To Aid Gold But Traders Must Be Doubters And Try To Drive Metal Down
The dollar retreated against the euro today, giving gold an almost $2.00 head start. Investors and traders, however, tripped up the yellow precious metal, so instead gold is up only 20 cents in late afternoon trading.
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