Indian Gold Jewelry Demand To Grow 8-10% – ICRA
(Kitco News) – As India gears up for the gold-buying Akshaya Tritiya festival, one credit rating agency says it is optimistic towards the country’s jewellery demand in the medium-to-longer term.
Gold Down On Rally In U.S. Stock Market And Bounce In U.S. Dollar Index
(Kitco News) – Gold prices ended the U.S. day session moderately lower Monday. A rally in the competing asset class U.S. stock indexes and a rebound in the dollar index pressured gold and silver.
Short-Sellers Return To Gold Market After Three Weeks Of Buying – CFTC
(Kitco News) – Short-sellers stepped back into the gold market last week, ending three weeks of investor buying, according to the latest data from the Commodity Futures Trading Commission.
Read moreRandgold CEO Lauds DRC Government Reengaging With Mining Sector Over New Mining Code
Following plans for a new Mining Code in the Democratic Republic of Congo (DRC) in early February that was formulated without consulting the mining sector in the country, Mark Bristow, chief executive officer of Randgold Resources Ltd. (NASDAQ:GOLD), i…
Read moreExpect Lower Gold Prices During The Next Two Years – Morgan Stanley
Greece’s uncertain future in the eurozone, global quantitative easing, loose monetary policies and continued demand out of Asia will all provide much needed support for the gold market, but these factors might not be enough to create another bull market, say commodity analysts at Morgan Stanley
Short-Term Trend Pattern Remains Bullish
(Kitco News) – Gold prices slipped slightly lower in early Monday trading action, but the overall near term trend pattern remains bullish for the yellow metal. Prices have been rising off the mid March low at $1,142.40 and as long as key swing low support at $1,183.50 holds firm, the near term uptrend pattern will remain intact.
Gold Weaker on Chart Selling and Firmer U.S. Dollar
Gold prices are modestly lower in early U.S. trading Monday.
Read moreTechnicals, U.S. Dollar To Drive Gold As Analysts Turn Bullish
(Kitco News) – With little economic data to be released next week, commodity analysts say that they will be watching the U.S. dollar and technical charts to see if gold can create any sustainable momentum.
Wall Street And Main Street Both See Higher Gold Prices Next Week
With the U.S. dollar looking “toppy” and gold close to ending the week above $1,200 an ounce most people in the new Kitco News Weekly Gold Survey agree that prices should move higher next week.