U.S. Housing Construction Data Helps Golds Rally
(Kitco News) - The release of the mixed U.S. housing data from May helped rallying gold prices on Tuesday, pushing the metal up more than 1% on the day.
Gold Could Jump To $1,400 But Wells Fargo Still Advises Not To Buy
(Kitco News) - Wells Fargo said that gold could hit $1,400 an ounce soon, but still cautioned investors from buying the precious metal at current price levels, noting that the metal's downside potential is much higher than its upside.
Facebook's New Crypto Will Take Company's Stock To New Highs, Help With Image Problems - Cramer
(Kitco News) - Facebook's new cryptocurrency, known as project Libra, will take its stock to the new highs and help the company distance itself from a "tainted" image, said Mad Money's Jim Cramer.
Gold Above $1,350 Is The Cure For Junior Miners - 121 Mining Investment
(Kitco News) - The struggling junior mining sector needs gold prices to trade sustainably above the $1,350 an ounce level to see new money flow in, according to the panelists at the 121 Mining Investment conference held in New York this week.
Malaysian PM Wants Gold-Backed Pan-Asian Currency: Gold Is Much More Stable'
(Kitco News) - The idea for gold-backed currency got a nod of approval from the Malaysian Prime Minister Mahathir Mohamad, who proposed a common trading currency pegged to gold for all of East Asia.
'Boring' Gold To 'Fire Up' With Scotiabank's 'No Trade Deal' Scenario
(Kitco News) - A bigger move in gold is coming when the market "internalizes" a "no trade deal" scenario, said Scotiabank, pointing to escalating tensions between the U.S. and China impacting global growth and inflation outlooks.
Gold Should Be 'Nicely' Above $1,300 By Now, What's Holding It Back? Pepperstone Weighs In
(Kitco News) - Gold should be trading well above its key psychological level of $1,300 an ounce right now, according to Australian broker Pepperstone. So, whats holding it back?
Price Of Gold Reacts to Trump's 5% Tariff Announcement On Mexican Imports
(Kitco News) - Gold prices rose in early Asian trading on Friday as President Donald Trump said that the U.S. will be imposing a 5% tariff on all Mexican imports starting June 10 until illegal immigration across the southern border is halted.
Gold Is Second Most Popular Investment Choice For The Swiss
(Kitco News) - A new nationwide survey revealed that the Swiss really like buying gold and rank the yellow metal second on a list of preferred investment vehicles, just after real estate.
Silver To Continue To Underperform Gold - Orchid Research
(Kitco News) - Unfortunately for silver bulls, there is no good news in sight for the precious metal, according to Orchid Research that believes silver will continue to underperform gold due to weaker safe-haven appeal.
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