Saxo 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.
Read moreLBMA: November Sees Strong Trading Activity in Gold, Silver
November was an extremely busy month for gold trading among London Bullion Market Association members as activity rose to its highest level since August 2013, the association said Tuesday.
Read moreGold Weakens in Wake of Stronger U.S. GDP Report
Gold prices ended the U.S. day session modestly lower and closed at a three-week low close Tuesday. The precious metal saw selling pressure following a U.S. GDP report that was hotter than expected and which in turn boosted the U.S. dollar index to a four-year high. Some more technically related selling pressure was also featured in gold, following Monday’s losses. Thin trading conditions this week are exacerbating price moves in many markets, including gold and silver. February Comex gold was last down $4.30 at $1,175.50 an ounce. Spot gold was last down $1.60 at $1,175.50. March Comex silver last traded up $0.022 at $15.71 an ounce.
Mining CEOs Agree, We Could See A 2015 Gold Supply Crunch
(Kitco News) – As another year goes into the books, gold mining companies are looking into mine plans and strategies for the new year.
Read moreLower Oil Prices, Higher Equities, Tax Selling Hurting Gold – RBC’s Gero
There are not enough bargain hunters in the gold market to create much needed momentum in the marketplace, says George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures. Gero says the gold market is hurting because of lower oil prices, stronger equity markets and year-end tax selling. “We still see lots of bears in the woods,” he says. “Gold prices need to rally back to $1,225 [level] for the technical picture to improve for the gold market,” he adds.