Gold and silver futures lost their early gains and are trading moderately lower in late-morning dealings Friday. After posting good gains this week and hitting multi-week highs, shorter-term futures traders in both metals decided to ring the cash register and take some profits heading into the weekend. Also, gold prices were pressured following a U.S. existing home sales report this... Read More
Gold is likely to trade around the $1,900 level until the U.S. election or a stimulus agreement, according to MKS PAMP Group. “Gold prices continue to fluctuate as investors weighed the better than expected economic data against the stalled U.S. stimulus talks. The metal continues to be centered around $1,900 for the time being, with... Read More
Centamin announced Thursday that its Sukari gold mine in Egypt produced 104,047 oz in Q1 2021, in line with 2021 guidance and a 53% increase compared to the fourth quarter of 2020, driven by improved open pit and underground mined grade, resulting in a 34% increase in feed grade. However, Q1 2021 production was 17%... Read More
The gold market is being bombarded with strong economic data, the latest coming from the U.S. housing sector as consumers bought new homes at the highest pace in more than 14 years. The Commerce Department said on Friday new home sales rose more than 20% to a seasonally adjusted annual rate of 1.021 million units... Read More
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(Kitco News) – Gold and silver prices are trading not too far from unchanged levels on the day, in early-afternoon U.S. trading Monday. A lack of fresh fundamental inputs to start the trading week is keeping trading in many markets more subdued. April gold futures were last down $0.70 an ounce at $1,302.20. May Comex... Read More
(Kitco News) – Gold continues to behave constructively on a technical basis. Gold bounced off support at $1,292 last week but continues to churn in a tight range. We would expect the Fed to remain neutral to dovish at this week’s FOMC meeting, which should contain if not weaken any upward impulse in the dollar index.... Read More
Politics counts though, right…? It’s IMPORTANT to understand gold’s fundamentals as it will help us confirm a new bull market, writes Jordan Roy-Byrne at TheDailyGold. To this point, gold’s rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet. The... Read More