US DOLLAR TECHNICAL ANALYSIS – Prices paused to digest losses after sliding to the weakest level in three weeks. Near-term support is at 11834-9 area (May 20 close, 50% Fibonacci retracement), with a break below that on a daily closing basis exposing the 61.8% level at 11790...
The precious metals are are basically stuck within a trading range. Gold remains between $1170 and $1200 while silver is respecting its trading range of $15.80 to $16.25...
On Tuesday gold prices remained weaker, after data showed that the number of building permits issued in the U.S. surged in May, while housing starts dropped, giving a mixed impression of the U.S. housing sector...
Mitsubishi’s precious metals strategist Jonathan Butler is being interviewed by Kitco News at the 39th annual International Precious Metals Institute conference. He says a rising interest rate environment may not necessarily be bad for precious metals...
Commodity consultant for INTL FCStone advises investors to watch the Greek bailout talks from the sidelines as he remains neutral on the gold market. Meanwhile, Commerzbank's commodity strategists consider that the Greek crisis will hardly boost gold as a safe asset...
On Monday gold prices edged higher as uncertainties over the Greek crisis lent support to the metal. Investors were looking ahead to the FOMC meeting due on Wednesday...
"In reality, the recent weakness probably has little to do with platinum itself. The market is very sentiment-driven right now...
Mitsubishi analysts advised that gold traders should better sit and wait before FOMC's June 16-17 meeting...
As a number of analysts agrees that gold is soon to hit the bottom and start its uptrend, Bloomberg has compiled a few facts which bullish traders may not like. The author of the article calls on readers to estimate the facts and make personal conclusions. Thus, I render it for you...
US DOLLAR TECHNICAL ANALYSIS – Prices continue to mark time in a choppy range after opening June at a seven-week high. Near-term support is at 11887, the 38.2% Fibonacci retracement, with a break below that on a daily closing basis exposing the 50% level at 11839...
On Wednesday the gold edged higher during early U.S. trade, as the yellow metal is benefiting from the bond markets as well as uncertainties surrounding Greek negotiations with its creditors...
On Wednesday copper prices hit fresh two-week highs ahead of new data from China which will be released later in the week...
Gold prices are posting decent gains and regained ground to hit the key $1.200.00 level in morning trading Monday, after trading below unchanged in earlier dealings...
"Gold's inability to rally in response to the weaker dollar this past week is a disappointment and reinforced the bearish trend that's been in place since the mid-May rally above $1,220," said Ken Morrison, trader and editor Morrison On The Markets...
The stronger US jobs report sent gold lower - reaching the lowest trading level since March 19th. The low price extended a little below that level to 1162.66 before rebounding back higher...
According to UBS, gold remains a strong safe-haven asset despite changing dynamics in the marketplace during the last 15 years...
Gold prices climbed on Monday on some short covering in the futures market and some bargain hunting in the cash, says Kitco News. Prices had dropped to a 2.5-month low last Friday...
On Monday copper prices approached the lowest level in six weeks, after official numbers showed that China's imports of the metal were slower in the previous month...
