Gold demand will turn lackluster in the second half of 2017, with prices taking a step back and falling to $1,200 an ounce, this according to one Singapore-based economist.
While closing lower on the week and higher on the day, one only needs to stand back to see the respectable performance in gold prices this year.
(Kitco News) - For the third consecutive month, trading activity in gold and silver was subdued in last month as prices were broadly flat, according to the latest trade data from the London Bullion Market Association.
(Kitco News) - Gold prices are unable to find any momentum Friday despite the U.S. economy expanded at a slower pace than expected in the first three months of the year according to the latest data from the Commerce Department.
India is making gold trading easier, with its top online payment platform, Paytm, introducing a new mobile app that allows users to buy, store and sell gold digitally and free of charge.
Gold is likely to trade between $1,225-$1,285 range in the second quarter, unless a geopolitical event triggers additional safe-haven demand, this according to international trading firm, Sucden Financial.
Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) reported a jump in first-quarter net income late Thursday as production rose but costs fell, with officials also upping output guidance for 2017.
(Kitco News) - The U.S. housing market could see momentum decline in the summer, as fewer consumers started the process of buying a home last month, according to the latest data from the National Association of Realtors (NAR).
(Kitco News) - Gold prices are relatively unchanged following a stronger after U.S. first-time jobless claims rose by 14,000 to a seasonally adjusted 257000 in the week to Saturday, the Labor Department said.
Orders for durable goods in the U.S. rose by 0.7% during March, falling short of expectations, according to a Commerce Department report Thursday.
The ECB leaves interest rates unchanged, but the market is awaiting Mario Draghis comments for signals on when the ECB will tighten fiscal policy.
(Kitco News) - As expected the European Central Bank left interest rates unchanged Thursday.