Gold Looks Good As Recession Fears Grow - State Street Global Advisors
(Kitco News) - While gold prices can still push lower in the near-term as surging momentum in the U.S. dollar dominates the market, one precious metals analyst says that investors should keep an eye on long-term fundamentals, particularly as the threat of a recession rises.
Trump Pushes Gold Higher; 'Not Thrilled' With Fed Raising Interest Rates
President Donald Trump has come to rescue the gold market as prices have significantly bounced off their lows following his criticism of the Federal Reserve.
All Eyes On $1,200 As Gold Loses Another 1%
(Kitco News) - Another wave of selling pressure has hit the gold market, but analysts are starting to question just how much longer the current downtrend can continue. Many see the July 2017 low at $1,204 as a key line in the sand.
Gold Prices Fall To Session Lows Following Surging Momentum In Philly Fed Survey
(Kitco News) - Gold remains is at session lows following a report from the Philadelphia Federal Reserve highlighting growing momentum within the regions manufacturing sector.
Fed Chair Powell Is No Fan Of Bitcoin; Its Good For Money Laundering
(Kitco News) - Momentum in bitcoin is starting to shift as prices have bounced off Junes nearly one-year low; however, despite the positive price action, one person remains a critic of the cryptocurrency: Jerome Powell.
Miners Holding Steady In Face Of Lower Gold Prices -- McEwen
(Kitco News) - Although gold prices have dropped dramatically in the last three months, one mining chief executive officer said that he sees some underlying strength in the marketplace as shares of gold miners have held relatively steady.
Gold Prices Ignore 12% Meltdown In U.S. Housing Construction
(Kitco News) - Gold prices remain under pressure hovering near a 12-month low Tuesday as the latest U.S. housing construction data weakened more than expected.
Gold Prices Down As Fed's Powell Stays The Course On Economy Interest Rate Outlook
(Kitco News) - Gold prices remain under pressure as Federal Reserve Chairman Jerome Powell signals a steady as it goes tone in his prepared testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
ICBC Lowers Gold Forecast, Sees Prices Averaging $1,299 In '18
(Kitco News) - Despite the looming threat of a global trade war, financial markets have been relatively calm; with this background, coupled with a stronger U.S. dollar, it is not surprising that gold prices dropped 6% in the second quarter, according to the worlds largest bank as it lowers its gold outlook for 2018.
Are The Gold Bears Getting Tired?
(Kitco News) - According to some analysts, there is further evidence that golds selling momentum is running out of steam as the latest trade data from the Commodity Futures Trading Commission showed little change in bearish gold sentiment.
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