Gold In Euros To Outperform As ECB Loosens, Feds Tightens Rates – Commerzbank
Ongoing speculation on when the Federal Reserve will hike interest rates continue to weigh on the U.S. gold market, which is why one European bank said it sees more potential for gold priced in euros.
Read moreGold Slumps Below $1,200 as U.S. Dollar Index Surges
Gold prices ended the U.S. day session solidly lower, fell below the key $1,200.00 level and hit a two-week low Tuesday.
Read moreU.S. New Home Sales Rise 6.8% in April
(Kitco News) – The U.S. housing market found some strength last month as more consumers bought new homes, according to the latest data from the U.S. Commerce Department.
Read moreU.S. Consumer Confidence Rises To 95.4 In May
(Kitco News) – U.S. consumer confidence rose this month, reversing some of the weakness seen in April, according to the latest data from the U.S. Conference Board.
Read moreGold Solidly Lower, Hits 2-Week Low, as U.S. Dollar Rallies
Gold prices are solidly lower, have fallen below the key $1,200.00 level and hit a two-week low in early U.S. trading Tuesday.
Read moreGold Vulnerable To Test Of Recent Range Bottom
An overnight jump in the U.S. dollar has pressured nearby gold futures lower in early trading on Monday.
Read moreU.S. Durable Goods Orders Fall 0.5%, Core Rises 0.5% In April
(Kitco News) – The U.S. manufacturing industry weakened in April, according to the latest data from the Department of Commerce.
Read moreGreece Back On The Front Burner as U.S. Dollar Rallies
Good morning this is the open with Jim Wyckoff. Gold and Silver prices are under pressure Tuesday morning as the U.S. dollar Index is posting a strong rally.
Read moreBarrick, Zijin Strike Up A Partnership In PNG
Giant gold producer Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and Chinese diversified miner Zijin Mining Group Co. Ltd., have partnered up after the companies announced Zijin’s 50% acquisition of Barrick (Niugini) Ltd., which is the 95% owner of the Porgera joint venture gold mine in Papua New Guinea.
Speculators Increase Exposure To Gold – CFTC
According to the latest data from the Commodity Futures Trading Commission (CFTC), speculators increased their exposure to gold last week.
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