Gold Sells Off as U.S. Dollar Index Firms and Crude Oil Weakens
The gold market continues to be held hostage by the U.S. dollar. The dollar index pushed to its daily, while crude oil futures prices dropped to their daily lows in late-morning dealings Wednesday. This put solid downside price pressure on the gold ma…
Read moreBase Metals With Least Exposure To Chinese Supplies To Do Best In 2015; Aluminum Top Pick – Standard Chartered
Aluminum is Standard Chartered’s top pick for a base metal market in 2015, as it has the least exposure to China’s destocking cycle, the bank said in a research report from late Tuesday.
Standard Chartered Raises 2015 Average Gold Price To $1,245/Oz
(Kitco News) – Standard Chartered raised its forecast for 2015 average gold prices to $1,245 an ounce, up from $1,160, citing a more price-positive outlook for the metal next year.
Gold Near Steady on Chart Consolidation; Fresh Inputs Awaited
Gold prices are trading not far from unchanged levels in early U.S. trading Wednesday, on some backing and filling on the charts after recent gains that saw prices hit a three-week high Tuesday. Traders are awaiting fresh, significant fundamental news…
Read moreSilver Demand To Drop 6.7% In 2014- GFMS
(Kitco News) – Total physical silver demand is seen down 6.7% in 2014 because of a weak first half of the year in most sectors, said Thomson Reuters GFMS late Tuesday.
The 6 P.M. Recap With Gary Wagner: Dollar Weakens, Ukraine Freaking
The euro turned bullish today and that drove the U.S. dollar down, thus pushing gold prices up.
Read moreBest Environment For Gold Right Now – Peter Schiff
(Kitco News) – With gold prices reaching a three-week high on Tuesday, one famed economist and CEO may not be so far off in saying that the metal is in the best fundamental environment right now.
Gold Higher On Short Covering, Bargain Hunting, Weaker U.S. Dollar
(Kitco News) – Gold prices ended the U.S. day session higher and notched a three-week high Tuesday. Prices pushed above $1,200.00 in overnight dealings.
Updated: ECB Unlikely To Buy Gold Despite Recent Comments – Analysts
(Kitco News) – The gold market is finding some support in part after news reports revealed that the European Central Bank could buy gold as part of its asset-backed securities purchase program, but some analysts think that step is an unlikely scenario.
Read moreShort-Term Technical Picture Improving As Gold Continues Recent Rebound
Gold’s action in the past two weeks bodes well for the metal in the short term, at least, analysts said.