Gold Sees Short Covering, Bargain Hunting After Recent Selling Pressure
Gold prices ended the U.S. day session moderately higher Monday, on a short-covering rebound in the futures market and on some perceived bargain hunting in the cash market, after prices dropped to a six-week low on Friday.
Read moreTesla Energy – Will It Matter For Lithium Markets?
A few days ago, Tesla announced its diversification into residential and commercial battery systems.
“Tesla is not just an automotive company, it’s an energy innovation company”, proclaimed the press release. “Tesla Energy is a critical step in this mission to enable zero emission power generation.”
Gold-Backed ETPs See Positive Flows In April
(Kitco News) – The world’s biggest gold-backed exchange-traded product (ETP) showed investment flows were modestly positive last month.
Gold Market Remains Neutral As Long Short Specs Rise – CFTC
(Kitco News) – Gold buyers managed to slightly outweigh short-sellers in what was another neutral week in the marketplace, according to the latest data from the Commodity Futures Trading Commission (CFTC).
Read moreGold Bounces From Near Channel Bottom
(Kitco News) – Gold prices are firmer in early trading Monday. Buying interest emerged as the yellow metal fell toward the lower end of a minor bear channel on Friday. The very short-term trend bias is weak, but improving momentum supports a minor bounce higher within a minor bear channel.
CME Trading Activity Down Y-o-Y, Metals Activity Up
Risks are rising for gold prices to remain weak as the technical picture looks grim; however, Edward Meir, commodity consultant with INTL FCStone, says he still remains “mildly optimistic” as prices manage to find support above $1,175 an ounce.
Bears In Command of Silver and Gold Markets
(Kitco News) – Gold prices are moderately higher in early U.S. trading Monday, on a short-covering rebound in the futures market and on some perceived bargain hunting in the cash market, after prices dropped to a six-week low on Friday.
First Mining Ups Bid For Coastal Gold
First Mining Finance Corp. (TSXV:FF) placed a higher bid on Coastal Gold Corp. (TSXV:COD) Sunday evening, bringing the updated bid to $10,153,649.
Read moreGold Sees Short-Covering, Bargain-Hunting Bounce to Start Trading Week
Gold prices are moderately higher in early U.S. trading Monday, on a short-covering rebound in the futures market and on some perceived bargain hunting in the cash market, after prices dropped to a six-week low on Friday.
Read moreGold To Remain Volatile Ahead Of Employment Data Next Week – Analysts
(Kitco News) – The gold market is expected to see another volatile week as investors and traders prepare for April’s employment report Friday.