“Gold prices will be pushed up next year by a weaker dollar and inflation concerns, even though bullion’s appeal as a less risky asset may be waning as the economic outlook improves. The two primary drivers pushing gold higher are a weaker dollar and massive injections by central banks of liquidity to support economic growth,” [...]
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August gold was slightly lower due to light profit taking overnight as it consolidates some of Monday’s rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If August extends this month’s rally, the reaction high crossing at 966.70 is the next upside target. Closes below the 10-day moving [...]
August gold posted an inside day with a lower close on Tuesday as it consolidates some of Monday’s rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If August extends the rally, the reaction [...]
August Gold was slightly lower due to light profit taking overnight as it consolidates some of Monday’s rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If August extends this month’s rally, the reaction high crossing at 966.70 is the next upside target. Closes below the 10-day moving [...]
Gold rallies above $950: “There is a combination of both a weaker dollar (and) appetite for commodities coming back with the hope of an economic recovery,” said Alexander Zumpfe, a trader at precious metals house Heraeus,” reports Globe&Mail. * U.S. Mint gold, silver coin sales ‘temporarily suspended’ – again: “Unprecedented demand, a shortage of blanks, [...]
August gold closed higher on Monday as it extends last week’s rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If August extends the rally, the reaction high crossing at 966.70 is the next [...]
In today’s video we’ll be looking at Gold. One of the nice features about MarketClub is the fact that we have real-time gold prices. If you’re going to be trading or looking at gold (XAUUSDO) you need real-time prices. After a spectacular run-up in gold values in the last decade, gold prices have slowed down [...]
(Reuters) – Gold rose nearly 2 percent in Europe on Monday as oil prices climbed and the dollar slipped to a six-week low against a basket of currencies, boosting the precious metal’s appeal as a currency hedge. Commodities across the board benefited from a sharper appetite for risk, dealers said, with world stocks rallying and [...]
Traders Blog | Friday 17 July 2009 Silver Bullion Trust, an all silver fund from the CEF/GTU closed-end fund group, has its roadshow going on now.Initially it will only be available in Canada. It will trade on the TSX to start, then on the AMEX once it has risen to $75 million of assets which [...]