Gold Weakens on Technical Selling, Lower Oil in Thin Trading
Gold prices ended the U.S. day session modestly lower and closed at a fresh three-week low close in quieter trading Wednesday. The yellow metal was pressured by more chart-based selling amid the overall bearish technical posture of the market. Lower crude oil prices were also a bearish “outside market” factor working against the precious metals markets Wednesday. Markets were also generally quiet overnight on this Christmas Eve day. Most U.S. markets closed early today and many traders and investors have already checked out for the week, if not for the rest of the year. February Comex gold was last down $2.80 at $1,175.20 an ounce. Spot gold was last down $2.00 at $1,175.40. March Comex silver last traded down $0.002 at $15.765 an ounce.
Gold Bars Found In Tampa Salvation Army Donation Pile
(Kitco News) – ‘Tis the season for giving, but the Salvation Army processing center in Tampa, Florida, is questioning whether or not a recent find of gold bars, and a gold ring, in their donation pile is a little too much.
Refile: Gold Is Set Up Perfectly For 2015 – Peter Schiff
Kitco News speaks with Peter Schiff to get his forecasts for gold in this special outlook edition. Last time Schiff was on the show, he said he expects gold prices to take a “rocket ship back up” and we wanted to know if he has since changed his tune.
Refile: Peter Hug’s Gold & Silver Outlook For 2015
Tune in to this special outlook edition of “For Pete’s Sake” where Peter Hug shares his forecasts for the metals in the coming year.
Read moreSaxo Bank See Gold Ending 2015 On A Strong Note
(Kitco News) – Gold could be set for a strong breakout in the second half of 2015 as a year of consolidation wraps up said one European commodity analyst.
Top 5 Extravagant Gold Gift Ideas For The Holidays
(Kitco News) – With the holidays just around the corner, most people have all their shopping done. But, for those of you who have a tendency to procrastinate, here are some very extravagant, expensive “golden” gift ideas to put under the tree.
RBC: Drop in Weekly Jobless Claims Hurting Gold Prices
Another drop in weekly jobless claims is keeping gold prices weaker Wednesday morning, says George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures. He adds that it is easy to be bearish on gold when U.S. equ…
Read moreU.S. Weekly Jobless Claims Fall To 280K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 9,000 to a seasonally adjusted 280,000 during the week to Saturday, the Labor Department said Wednesday, in a early release to do the Christmas holiday.
Read moreGold Near Steady in Quiet, Pre-Holiday Trading
(Kitco News) – Gold prices are not straying far from unchanged levels in early U.S. trading Wednesday.
Read moreBill Gates Sponsoring Palladium-Based LENR Technology
Low energy nuclear reactor (LENR) technology, and by extension palladium, is attracting the attention of one of the richest men in the world and a pioneer inventor of new technology.
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