Gold Bulls Hang Tough, Despite Dollar
(Kitco News) – February Comex gold futures are moderately firmer in early New York trading action, despite overnight strength in the U.S. dollar. For now, gold bulls are hanging tough and limited chart damage was seen after Friday’s surprisingly strong U.S. non-farm payrolls report
Fuel Cell Electric Cars: Throwing Down The Glove, Potential Impact on Platinum
As predicted, fuel cell electric vehicles made a broad entrance at this year’s Los Angeles Auto Show and consumers could be seeing these models in showrooms as early as next year.
Mitsubishi: Palladium Fundamental Backdrop ‘Exceedingly Strong’
The fundamental backdrop for palladium remains “exceedingly strong,” says Mitsubishi, and platinum is also showing signs of bouncing.
Gold Firmer, Showing Resilience in Face of Bearish Outside Markets
Gold is holding modest price gains in early U.S. trading Monday.
Read moreGold, Silver See Modest Strength At The Start Of The Week
(Kitco News) – Gold prices are starting the week relatively strong considering Friday’s surprisingly positive nonfarm payrolls report, but some analysts are expecting to see more pressure in the near-term.
U.S. Mint To Start Offering 2015 Gold Coins Jan. 5, Silver Coins Jan. 12
(Kitco News) – The U.S. Mint plans to sell 2015-dated gold bullion coins beginning Jan. 5 and silver coins a week later, the agency said.
Read moreMain Street Misses On Gold – Kitco Survey
(Kitco News) – With gold’s massive volatility this week, only a minority of Kitco readers correctly predicted the yellow metal’s price by Friday.
Gold Market To Keep An Eye On Dollar After Strong Jobs Data
The U.S. dollar climbed to its highest level since 2009 after a much higher-than-expected nonfarm payrolls report, and gold-market watchers said how much further the dollar climbs could influence the metal next week.
Read moreGartman: Switzerland’s Central Bank Owns Most Gold Based On Population
Switzerland owns the most official-sector gold of any country relative to its population, points out investor and newsletter writer Dennis Gartman in his daily report. The most frequently cited data in the press is outright tonnage. World Gold Council data show the U.S. is most with 8,133.5 metric tons, followed by Germany, 3,384.2; International Monetary Fund, 2,814; Italy, 2,451.8; France, 2,435.4; Russia, 1,149.8; and China, 1,054.1. However, Gartman points out the picture is different when looking at how much each country holds per million people. Using this metric, Switzerland is on top with nearly 129.9 tons per million people, according to data the WGC provided Kitco News on Friday. Others in the top five include Germany, 41.9; Italy, 41.1; France, 38.3; and the U.S., 25.7. Even with recent purchases, Russia has only 8.1 tons per million people. “As for China, it has only — and we truly mean ‘only’ — 1 ton of gold/million people,” Gartman says. More precisely, the WGC put this at 0.8 ton.
Gold Coins Used To Help Those In Need This Holiday Season
(Kitco News) – The holiday season is now in full swing and for those still thinking about last-minute gifts, gold coins are a good option. Just ask the Salvation Army and other charity organizations.
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