China's non-ferrous metal sector is seen set to continue its decline in 2015, as a slowing economy has undermined demand while excess production capacity has contained the sector's development...
US DOLLAR TECHNICAL ANALYSIS Prices look to have reversed downward as expected after putting in a bearish Evening Star candlestick pattern. A daily close below the 14.6% Fibonacci retracementat 11740 exposes the 23.6% level at 11653...
#10: India The world's second most populous country barely made the top 10 list. It's interesting that although India consumes more gold than any other, it only has 8.7% of its reserves dedicated to it. India's gold reserves are worth approximately $33 billion. Tonnes: 557.7 % of reserves: 8...
We are still waiting to see how the timing relationships we mentioned earlier this week are going to play out. The euro is starting to show signs of stalling out while Cable remains pretty bid...
On Thursday copper prices declined in holiday-thinned trade, while market players continued to monitor ongoing negotiations surrounding Greece's bailout program...
Gold prices on Comex extended recovery in the late-trade Asian session, rebounding from fresh six week lows overnight after January's FOMC minutes revealed that the consensus among Fed policymakers remains tilted toward a lower-for-longer rate trajectory...
Hopes that a compromise between Greece and its European partners would eventually be reached dampened appetite for safe-haven assets sending gold to six-week lows on Wednesday...
Despite a steady, two-year slide in gold prices, generally miserable market conditions for the mining sector as a whole and a strengthening U.S. dollar - which is typically negative for gold prices - Chuck Jeannes, Goldcorp Inc. CEO, is being bullish on gold...
Gold traded lower on Tuesday, despite the Empire State report showing that the New York Federal Reserve’s index of manufacturing conditions improved at a weaker rate than expected in February...
Gold prices slid after struggling to extend gains during the Asian session despite Greek impasse and weakness in the European stocks...
As the uncertainty surrounding the outcome of the Eurogroup meeting grows, gold is struggling to extend gains...
On Friday gold futures rose in European trade...
Gold prices went higher today - comex gold rose $1.10, or 0.1%, to settle at $1,220.70 an ounce, after it had fallen almost $22 in the last two trading days. The U.S. dollar fell 0.82%. The U.S. reported retail sales today, and figures showed a 0...
Gold prices struggle to extend gains despite a fall in the US Treasury yields post a weaker-than-expected US retail sales data and a rise in the weekly initial jobless claims figure...
Gold regained ground on Thursday after hitting five-week low on Wednesday, as negotiations between Greece and European Union officials failed to progress on a way forward to allow Athens to get a needed funding program in place before the end of the month...
The world is still waiting for any news out of Europe as the North American trading session hands the baton to Asia which will have a couple of Kiwi and Japanese economic releases this evening. Due to the waiting game most investors were playing, many markets failed to provide much excitement...
According to Chris Capre, Founder at 2ndSkies Forex, only a daily close above 1245 in Gold negates the bearish bias ST...
Gold prices extended the decline to trade well below USD 1230/Oz levels, after hovering around the 50-DMA located at USD 1234 levels in the last couple of hours...
Silver prices advanced today to trade above the 50-DMA located at USD 16.797/Oz levels. Prices stuck between 5-DMA and 10-DMA The metal is currently trading between the 5-DMA and the 10-DMA located at USD 16.882 and USD 17.075 respectively...
Gold prices on Comex steadied in the mid-European session, hovering near highs, as traders remain wary ahead of Euro group meeting on Greece. Greece in focus Currently, gold trades higher by 0.40% at 1237levels, having posted daily highs at 1238.70 levels earlier in the day...
