Gold edged lower on Wednesday despite broadly weaker dollar, as investors awaited the release of important U.S. data later in the global day for fresh signs on the state of the economy and the timing of the Fed rate hike...
1. Tangibility Only when you have actual metal in your possession do you have a hard asset that is free of counter-party risk. 2. Frugality During a financial crisis, the melt value of your coins may be all that matters...
Gold edged higher in early U.S. trading Tuesday, rebounding from recent selling pressure, as the U.S. dollar index was solidly lower today - which is working in favor of the precious metals and the raw commodity sector...
Now that we are moving into summer months, Kitco News analysts decide to speak about seasonality and what to expect from gold in the second half of the year...
According to the weekly Kitco gold survey, both Wall Street and Main Street are expecting to see higher prices in the near-term; however, the analysts surveyed have a stronger upside bias...
On Monday gold saw a rise after the release of disappointing U.S. personal spending data which pressured the U.S. dollar index. Separately, the rumors were swirling in the markets that the Greece and its creditors have reached a deal, which, however, have not been confirmed...
US DOLLAR TECHNICAL ANALYSIS Prices continued to press upward, hitting the highest level in over a month. Near-term resistance is at 12037, the 76.4% Fibonacci retracement, with a break above that on a daily closing basis exposing the March 13 high at 12149...
The movement of gold little changed at the opening of the European trading sessionon Friday (29/05) this afternoon amid anticipation of investors against its first quartereconomic growth data in the US later on this evening. In the past few days us economic data strengthened the successful u.s...
Gold was down around 1.5%, while platinum and silver fell around 2%. Palladium was down just .26% and it is edging higher in early trading on Wednesday...
Investment strategist Sara Nunnally was interviewed by Kitco News for her technical outlook on the gold market. Sara has her own projection on when the Federal Reserve is most likely to raise interest rates...
The strong U.S. dollar has pressured precious metals since last summer. Also, the talk of interest rate hikes by the Fed is said to have negatively influenced gold...
German-based Commerzbank said in a recent report that it sees more potential for gold priced in euros, as lingering speculation on when the U.S. central bank lefts rates continue to pressure the U.S. gold market...
The yellow metal was fluctuating during the recent sessions, however, remaining below the psychological $1,200/oz level...
In the early U.S. trade, gold prices were near unchanged levels and after slipping to a two-week low overnight. Although the gold market currently sees little demand from the Greek debt matter, this could shift if the situation with Athens and its debt burden worsens, says Kitco News...
As the latest data from the London Bullion Market Association (LBMA) showed, trading activity tumbled in April despite higher prices...
Last week speculators increased their exposure to gold last week, says the data from the Commodity Futures Trading Commission (CFTC...
On Tuesday gold prices plunged below the $1,200-level, as the appeal of the precious metal was undermined by a stronger dollar...
US DOLLAR TECHNICAL ANALYSIS rices accelerated upward, advancing to the highest level in three weeks. Near-term resistance is at 11898, the 50% Fibonacci retracement, with a break above that on a daily closing basis exposing the 61.8% level at 11960...
US DOLLAR TECHNICAL ANALYSIS Prices may be preparing to turn lower anew following the formation of a Bearish Engulfing candlestick pattern. A daily close below the 14.6% Fibonacci expansion at 11773 exposes the 23.6% level at 11725...
On Friday gold prices were higher in European trade, as the greenback weakened broadly after the release of soft U.S. data on Thursday and amid speculation U.S. policy makers will hold off raising borrowing costs. Investors now eye a fresh U.S. economic report later in the day...
