Price Bounce Expected To Continue
Wall Street and Main Street both look for gold to continue a price recovery next week, based on the Kitco News weekly gold survey.
Gold Slightly Softer After U.S. April Durable-Goods Orders Fall 1.7%
Gold prices eased marginally after a Commerce Department report Thursday showed that U.S. orders for durable goods fell by 1.7% during April. Comex June gold was last down $1.50 to $1,302.90 an ounce.
Standard: Gold Pullbacks To $1,250 Would Be 'Good Entry Levels'
Standard Chartered Bank figures any pullbacks in gold prices to $1,250 an ounce would be buying opportunities.
U.S. Initial Jobless Claims Rise 11,000 To 234,000
Kitco News reports on U.S. jobless claims in week to May 19
U.S. New Home Sales Fall 1.5% To 662,000 Rate In April
Kitco News reports on U.S. sales of new homes for April
MKS: Gold In Consolidation Phase; ETF Holdings Stable
Gold could be in for a period of sideways consolidation, and exchange-traded-fund holdings held up despite a recent price decline in the precious metal
INTL FCStone: Gold Gets Short-Covering Bounce
Gold has ticked higher as traders who previously took out short, or bearish, trades buy to offset or cover them, says Edward Meir
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