Gold Ends Weaker on Firmer U.S. Dollar, Technical Selling
Gold prices ended the U.S. day session modestly lower Monday. Early gains gave way to selling pressure at mid-morning as the U.S. dollar index pushed higher and to its daily high. The still-bearish overall chart posture for gold also encouraged seller…
Read moreSpeculators Continue To Shed Gold Futures But At Slower Pace – CFTC
(Kitco News) – Speculative traders continue to be bearish the gold market but the pace of selling appears to be slowing, according to the latest data from the Commodity Futures Trading Commission.
Read more$3 Billion In Junior Companies Working Capital To Vanish – John Kaiser
(Kitco News) – While there is still hope within the junior resource sector, John Kaiser, founder of Kaiser Research, isn’t painting a pretty picture for some companies.
Gold Weakens on Technical Selling Pressure, Firming U.S. Dollar Index
Gold prices have backed off from their daily highs and are trading modestly lower in late-morning dealings Monday. The yellow metal started losing altitude when the U.S. dollar index rallied above unchanged and traded near its session high. The overal…
Read moreIndian Gold Imports To Rise On Pent-Up Demand Despite No Cut In Duties – Analysts
(Kitco News) – Pent-up demand in India could continue to support gold in the short-term, which is why markets are ignoring the fact the Indian government did not lower import fees on the yellow metal, said some analysts.
Read moreISM Manufacturing Index Falls To 52.9 In February
(Kitco News) – The U.S. manufacturing sector continued to lose momentum last month, adding to January’s weakness, according to the latest data from the Institute for Supply Management.
Gold Firms After China Rate Cut, Builds Value Above Support
(Kitco News) – April Comex gold futures firmed in early New York trading action Monday following news of a surprise rate cut by China, the second in less than four months. The rate cut by the world’s second largest economy highlights many concerns about growth within China.
Gold Firmer Following Surprise China Rate Cut
(Kitco News) – Gold prices are modestly higher in early U.S. trading Monday. Gold and silver got a lift from an unexpected interest rates cut from China.
TDS: Gold To Test $1,200 An Ounce As Market Gives Back Its Gains
Gold has given back all of its gains Monday and there are signs that prices could continue to trend lower, says Steve Scacalossi, director, head of sales of global metals at TD Securities.