Gold Hovers Near 3.5-Mo. Low as Surging U.S. Dollar Keeps Buyers Scarce
(Kitco News) – Gold prices are modestly lower and holding just above Tuesday’s 3.5-month low in early U.S. trading Wednesday. The powerful rally in the U.S. dollar index continues to cast a bearish pall over the precious metal.
Prices And Unemployment Rate Biggest Contributors To Gold Recycling Sector – WGC
(Kitco News) – Gold recycling is expected to face continued headwinds this year, according to the latest research from the World Gold Council (WGC).
Read moreCan Commodity Prices Resist Further Dollar Strength? – Capital Economics
It is important to look at the reasons for U.S. dollar appreciation to see where commodity prices – and gold prices – are headed, said one UK-based research firm.
Read moreGold Ends Down, at 3.5-Month Low, Amid Fully Bearish Outside Markets
Gold prices ended the U.S. day session moderately lower and hit a 3.5-month low Tuesday. Sharp gains in the U.S. dollar index, which hit a 12-year high, and lower crude oil prices were bearish outside market forces working against the precious metals …
Read moreGold Hasn’t Reached “Maximum Pain” Just Yet – Triland Metals
Although overall sentiment seems to be bearish for gold, analysts at Triland Metals say there may still be more wiggle room. “We do not believe that we are at the point of maximum pain just yet,” they say Tuesday. “[W]e look to see further weakness in the sector as we approach the impending rate rise in the US,” they add. However, they note that at the point where the U.S. Federal Reserve decides to raise rates, “the bullish cash may be as strong as ever.” For now, they say there are no technical levels of interest and the market is likely to hit more downside targets, at which point the market will experience short squeezes. “[W]e would expect such rallies to be sold into,” they note.
Gold Market Continues Further ETF Outflows After Friday’s Selloff
After a strong start to the year, investors interest appears to be waning as gold-backed exchange traded funds (ETF) continue to see outflows following Friday’s massive selloff.
Gold Pushes Above Unchanged on Short Covering, Bargain Hunting, U.S. Stock Market Sell Off
Gold prices have moved to slightly higher levels in mid-morning dealings Tuesday. Some mild short covering and would-be bottom-picking are featured after prices overnight hit a 3.5-month low. The U.S. dollar index has also backed off from its daily hi…
Read moreFather And Son Spelunkers Find 2,000 Year Old Coins In Northern Israel
For the second time in as many months, a collection of ancient coins has been discovered in Israel.
Read moreBust in Raw Commodity Cycle Will Turn into Boom; Better Times for Gold Ahead
(Kitco News) – The gold market is presently suffering a serious mauling from the bears—both from technical and fundamental perspectives. Prices on Tuesday notched a 3.5-month low and downtrends are firmly in place on the shorter-term and longer-term charts. The surging U.S. dollar and the likely tightening of U.S. monetary policy in the coming months are headline news events keeping gold buyers wary.