Gold prices to peak at $2,300 in first half of 2021 - Societe Generale
(Kitco News) - Gold prices have room to move higher even with the market facing growing headwinds as potential COVID-19 vaccines boost positive investor sentiment; however, commodity analysts at Societe Generale said that they are looking for prices to peak in the first half of 2021.
Analysts watching gold's 200-day moving average after $1,850 fail
(Kitco News) - Growing positive investor sentiment and a strong U.S. dollar are proving to be formidable headwinds against gold as the market has lost a critical support level.
Hedge funds not giving up on gold and silver in the face of growing vaccine news
(Kitco News) - Hedge funds continue to see a role for gold in their portfolios even as continued vaccine news for the COVID-19 pandemic dominates market sentiment, according to the latest trade data from the Commodity Futures Trading Commission.
Gold price down 2% following strong sentiment in service, manufacturing sector
(Kitco News) - Gold prices remain under pressure struggling to attract new bullish momentum as sentiment in the manufacturing and service sector rise to multi-year highs.
Gold bulls and bears fighting for gold's next $50 move
(Kitco News) - There is no clear short-term advantage in the gold market as bullish and bearish investors fight for the next $50 move, according to the latest results of the Kitco News Weekly Gold Survey.
Dundee Precious Metals reports fatality at Namibia smelter
(Kitco News) - Dundee Precious Metals said that it shut down operations at its Tsumeb smelter in Namibia after reporting a fatality.
It's going to be a tough winter so hold some gold - Randy Smallwood
(Kitco News) - The gold market continues to struggle below $1,900 an ounce, and although time is running out for the market to hit $2,000 an ounce by year-end, one mining executive said that it is more important to look at the long-term trend rather than any short-term target.
Gold prices remain down as U.S. existing home sales rise 4.3% in October
(Kitco News) - The U.S. housing market continues to be a bright spot in the U.S. economy as more consumers are buying homes according to the latest data from the National Association of Realtors (NAR).
Degussa sees gold price rising to $2,500 by mid-2021 as central banks continue to print money
(Kitco News) - The gold market continues to hold on to critical support above $1,850 an ounce, but shifting investor sentiment following positive vaccine news in the last two weeks created significant pressure for the precious metal.
Gold price weighed down by resilient strength in Philly Fed Survey
(Kitco News) - Better than expected data from the Philadelphia Federal Reserve showing resilient optimisms in the manufacturing sector is helping to keep pressure on gold prices.
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