Gold Traders Watching To See If Pressure On U.S. Dollar Resumes
Precious metals traders will be watching next week to see if U.S. economic data remains soft and continues to pressure the dollar. If so, that could help gold build upon its recent gains.
Read moreGold Rally Could Be Over As Quickly As It Started – Triland Metals
After disappointing retail sales numbers earlier this week and softer-than-expected regional manufacturing data on Friday, Christopher Vecchio,
Read moreClear Majority In Gold Survey See Higher Prices Next Week
Weaker U.S. data this week has propelled gold higher and both Wall Street and Main Street, in the Kitco Weekly Gold Survey, see higher prices next week as the market prepares to close above $1,200 an ounce.
Read moreCan Stabilizing Oil Prices Help Gold As Inflation Hedge?
Commodity analysts are mixed as to whether or not the gold market will benefit from potential inflation pressures as oil prices appear to stabilize around $60 a barrel.
Read moreGold, Silver Seeing Corrective Pullbacks, But Are Postive For The Week
Read moreIf Canadian Producers Can’t Turn Profit Now, They Can’t Period – St Andrew Goldfields CEO
A weak Canadian dollar has given some Canadian gold producers something to smile about, but if they’re not turning a profit in this environment, then they likely won’t at all, said a gold mining executive.
Read moreEmpire State Manufacturing Index Rises To 3.1 In May
The manufacturing sector in the New York region is finding some momentum this month, reversing some of the weakness in April but still coming in below expectations, according to the latest data from the New York Federal Reserve.
Read moreGold Sees Corrective Pullback following Recent Gains
Gold Sees Corrective Pullback following Recent Gains
Read moreThe 6PM Recap With Gary Wagner: Gold May Be Discovering A Mind Of Its Own
The U.S. economy has given us some weak data points in the last two weeks as we discussed over that course of time in our fundamentals section. Employment remained soft into April; retail sales are very soft; manufacturing has been spotty.
Read moreGold Shows Follow-Through Strength, Hits 3-Mo. High; Silver Also in Rally Mode
Gold prices ended the U.S. day session moderately higher Thursday and hit a three-month high, …
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