(Kitco News) - Gold has seen some profit taking after rallying more than 4% since the Federal Reserve monetary policy meeting but one fund manager is expecting prices to continue to rise as demand remains strong.
(Kitco News) - The gold market is seeing some renewed safe-haven demand Wednesday, with prices pushing to a new three-month high, as investors wait to see just how effective President Donald Trump is as the nations leader.
Citi Research upped its second-quarter gold forecast Tuesday due to signs the Federal Open Market Committee is not increasing the pace of rate hikes and also because of pending European elections, although the bank still looks for the metal to fall back in the second half of 2017.
With golds new found new momentum following the Federal Reserves dovish rate hike, some analyst see limited downside risk as volatility in the marketplace remains near historic lows.
Gold prices climbed higher overnight. The macro environment remains bullish for the yellow metal, amid rising inflation in the U.S., a spate of geo-political uncertainties, and a Federal Reserve intent on raising interest rates at an extremely low pace.
Large speculators exited from bullish gold positions in the run-up to last week's Federal Reserve meeting, weekly positioning data from the Commodity Futures Trading Commission show, but analysts say these traders are likely already returning to gold again.
In celebration of Saint Patricks Day, Kitco News is taking it back to one of our favorite interviews Yukon Dan.
(Kitco News) - Hedge funds have been quick to take profits in gold and silver ahead of the March 15 Federal Reserve monetary policy decision, according to the latest trade data from the Commodity Futures Trading Commission.
Gold bulls are battling back Monday morning. Since marking out a minor top at $1,264.90 on Feb. 27, April Comex gold futures slid lower as the market priced in expectations for an interest rate hike from the Federal Reserve this week.
(Kitco News) - After only two years of promotions, Ecuador has made strong progress in establishing itself as a mining destination, according to the countrys Minister of Mining.
Next weeks potential U.S. rate hike continues to be an overhang on the gold market, but according to one precious-metals analyst, the metal might have fully priced it in.
The World Platinum Investment Council Thursday put its estimated supply deficit for the platinum market at 120,000 ounces for 2017, which would be the sixth consecutive year that global consumption outstrips supply.