U.S. Advance Retail Sales 0.7% In November
(Kitco News) – U.S. consumers made more purchases last month, as the holiday shopping season kicked off, according to data from the U.S. Census Bureau.
Read moreGold Weaker on Corrective Pullback, Chart Consolidation
Gold prices are moderately lower in early U.S. trading Thursday, on a downside technical correction and chart consolidation after Tuesday’s big gains. Still, the near-term technical postures for both gold and silver have markedly improved this week. February Comex gold was last down $6.50 at $1,223.00 an ounce. Spot gold was last down $2.40 at $1,224.25. March Comex silver last traded down $0.112 at $17.08 an ounce.
Push and Pull
The yanking this way and that by fundamental forces now growing wilder and woollier by the day, left gold almost becalmed in a sea of madness.
Read moreKitco’s 2015 Outlook Theme Unveiled
(Kitco News) – Every December, Kitco News launches its coveted outlook series giving you the opportunity to compare your forecasts with those of expert analysts and gain a better understanding of how the markets could react as we ring in the new year….
Read moreGold Sees Mild Corrective Pullback Following Tuesday’s Big Gains
Gold ended the U.S. day session modestly lower Wednesday, on a mild downside correction following sharp gains Tuesday that pushed prices to a six-week high. Today’s price action is still impressive from the bulls’ perspective. February Comex gold was last down $0.90 at $1,231.40 an ounce. Spot gold was last down $0.50 at $1,232.50. March Comex silver last traded up $0.056 at $17.19 an ounce.
U.S. Mint Sets New Record, Selling 43 Million Silver Coins In 2014
(Kitco News) – The U.S. Mint has set a new sales record for the year for its American Eagle silver bullion coins.
Read moreGold Firmer, Holding Tuesday’s Big Gains, as Bulls Build Technical Strength
Gold prices are modestly higher in early U.S. trading Wednesday, which is impressive from the bulls’ perspective because Tuesday’s sharp gains are being held. February Comex gold was last up $2.40 at $1,234.00 an ounce. Spot gold was last up $2.70 at $1,235.50. March Comex silver last traded up $0.161 at $17.295 an ounce.
UBS: Gold Market Awaits Further Clarification On India’s Import Rules
Traders will be watching to see if India further clarifies future plans for regulations on gold imports, says UBS.
Read moreShelter From The Storm
The half- and quart-point losses on the Dow and S&P 500 look positively like a day at the beach compared to the rest of the world’s exchanges. And the modest rise on the NASDAQ seems like Thanksgiving, Christmas and Fourth of July rolled into one.
Gold Sharply Up on Safe-Haven Demand, Short Covering; Bulls Gain Technical Momentum
Traders and investors were spooked a bit Tuesday due to several world developments—and the gold and silver markets were keen beneficiaries. Gold and silver prices ended the U.S. day session sharply higher and hit six-week highs Tuesday. Safe-haven demand, short covering and bargain hunting were featured in the yellow metal. Importantly, Tuesday’s price action on the charts is the strongest evidence yet that the gold and silver markets have put in near-term bottoms, if not major lows. February Comex gold was last up $37.00 at $1,232.00 an ounce. Spot gold was last up $28.30 at $1,233.00. March Comex silver last traded up $0.849 at $17.125 an ounce.