Greek Negotiations Continue To Support Gold Prices – Capital Economics
(Kitco News) – With U.S. markets closed on Monday, attention will be focused on Europe as Greece continues to work towards an agreement with its European creditors, and the uncertainty could be good for the gold market, said one British-based research…
Read moreGold To Be Volatile As It Reacts To Small Market Details – Analysts
With no fundamental change in the U.S. or global economy, some analysts said the gold market will be paying more attention to the small details in what will be a shortened trading week.
Read moreThe U.S. Dollar Is Not A Safe Haven – Jim Rogers
Although the U.S. dollar has seen substantial inflows amid global uncertainty, one famed investor said the U.S. currency should not be where people seek refuge.
Read moreCanadian Dollar Gold Price Great For Canadian Gold Assets – CIBC
(Kitco News) – It would appear that gold producers with assets in Canada don’t mind the drop of the Canadian dollar as the gold price in the northern currency is at C$1,550 an ounce, compared to a lower U.S. gold price per ounce of roughly $1,230.
Is Gold Ready For A Friday Bounce? – Triland Metals
The recent pullback in precious metals prices should be seen as a buying opportunity, and there may even be chance for a late-Friday bounce, says Triland Metals.
Read moreGold Up on Short-Covering, but Risk-On Attitudes, Bearish Charts Limit Upside
Gold is once again modestly higher in early U.S. trading Friday, on some short-covering in the futures and bargain hunting in the cash.
Read moreGold Slightly Up Amid Bullish Outside Markets, Weaker U.S. Data
Gold ended the U.S. day session slightly higher in quieter trading Thursday. The market got a boost on the key outside markets being in a bullish posture on this day—solidly higher crude oil prices and a lower U.S. dollar index. Short covering in the futures market from Wednesday’s selling pressure was also featured. However, better trader and investor risk appetite that boosted the stock markets squelched buyer interest in safe-haven gold. April Comex gold was last up $2.00 at $1,221.60 an ounce. March Comex silver last traded up $0.049 at $16.81 an ounce.
WGC: India Beats China As Top Gold Consuming Nation For 2014
According to data from the World Gold Council (WGC), India reclaimed the title as the top gold consuming nation from China in 2014, despite demand being down compared to the previous year.
Read moreBritish Mint Sees Strong Gold Coin Demand From Greece As Nation Prepares For ‘Grexit’
(Kitco News) – It appears that Greek citizens are preparing for the worst, buying more gold coins as a safe-haven currency while the nation’s politicians are unable to come to an agreement with its European creditors.