In September, bloggers from The Short Side of Long have predicted a double bottom for global equities, as well as a decently high probability that gold might recover further. Today their thinking seems to be on track, as the sector has seen decent gains over the last two weeks...
HSBC urges investors to once again favor platinum as they become “reacquainted” with the role of the metal in auto catalysts, as soon as short-term worries about demand for diesel automobiles fade...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition. The bear market rally was started in the middle of last month: the price broke 1170.06 key resistance level on open weekly bar for the rally to be continuing. If the price breaks 1232...
W1 price is located below 200 period SMA and below 100 period SMA for the primary bearish market condition. Price is ranging between the following key support/resistance levels: 13.96 key support level located far below 100-SMA/200-SMA in the primary bearish area of the chart, and 17...
Gold prices hit a 3.5-month high on Wednesday jumping to major technical resistance levels. One veteran precious metals analyst interviewed by Kitco News says the uptrend may continue, but the upside is limited...
Ichimoku analysis. Weekly price is on bearish market condition for the ranging within 1077.19 key support level and 1170.06 key resistance level. Chinkou Span line is located below the price for the ranging bearish condition by direction. If the price breaks 1170...
On Wednesday gold futures extended rally to hit a three-month high, after data showed retail sales in the U.S. rose less than expected in September, undermining optimism over the strength of the economy and dimming the case for higher interest rates...
Gold prices keep climbing Wednesday, and technical analyst Gary Wagner suggests the momentum will linger...
On Wednesday gold futures rose for a fourth session in a row to hit a three-month high as a broadly weaker U.S. dollar coupled with ongoing expectations that the Federal Reserve will delay hiking interest rates until 2016 boosted the appeal of the precious metal...
On Tuesday gold futures eased off yesterday's seven-week high, but losses were capped amid mounting confidence that the Federal Reserve will hold off on hiking interest rates until 2016...
Mike McGlone, head of research for ETF Securities, says in an interview with Kitco News that precious metals demonstrate strong performance in the generally weakened commodity sector, and silver is leading the pack...
Weekly price is located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the primary bearish market condition with the secondary ranging within 1170.06 key resistance level and 1077...
Gold prices dipped on Thursday as Chinese markets came back to work after holidays while market players were awaiting Fed minutes from September meeting later in the day...
Gold kept its gains on Wednesday approaching two-week highs with minutes from the U.S. central bank on tap...
On Wednesday prices for precious metals were supported with gold and silver hitting almost 1%, copper up 0.5% and platinum gaining almost 2.5%. Nearly 2/3rds of that was due to greenback weakness...
Gold futures were edging higher on Tuesday and eyeing a third day of gains as the precious metal shrugged off a recent rally in global stock markets to focus on hopes that benchmark interest rates will be lower for longer. Meanwhile, S&P 500 opened lower Tuesday...
