Gold futures are slightly higher in consolidation. The metal is staging an inside day – where the high and low are within the previous session’s trading range – and there hasn’t been follow-though selling from last week, notes Larry Young, senior trader with Infinity Futures. That could indicate gold prices are setting up for a [...]
Gold futures continued to correct lower Friday, initially falling as the euro slid but then staying on the defensive even when the dollar gave up its early gains.
December gold fell $7.30 to $991.60 an ounce on the Comex division of the New York Mercantile Exchange. December silver fell 23.5 cents to $16.06.
A trader characterized the [...]
Gold futures declined as participants booked profits amid the metal’s recent strong performance, but the commodity still managed to close above $1,000 an ounce.
December gold fell $6.70 to settle at $1,013.50 an ounce on the Comex division of the New York Mercantile Exchange.
“That’s definitely some profit-taking,” said Sterling Smith, market analyst with Country Hedging.
Some participants [...]
NEW YORK–Gold futures settled above $1,000 for the third consecutive trading session Tuesday, boosted by a weakening U.S. dollar and growing optimistic price sentiment as the metal continues holding around the psychologically important benchmark.
December gold rose $5.20 to settle at $1,006.30 an ounce on the Comex division of the New York Mercantile Exchange.
“It’s based on [...]
Gold futures remain lower as participants book profits from this week’s strong gains. “It is the pause that refreshes,” says Bill O’Neill, a principal with LOGIC Advisors. With the U.S. employment report mixed and not a lot of change in currency markets, there isn’t much new stimulus for gold, he says. U.S. job losses softened [...]
NEW YORK–Gold futures sank Monday as weaker equities damped inflation expectations and crude oil faltered, but the metal recovered some losses as the U.S. dollar weakened.
December gold fell $5.30 to settle at $953.50 an ounce on the Comex division of the New York Mercantile Exchange.
Declining equities can bring a “chill” of economic concern to the [...]
NEW YORK–Gold futures notched solid gains Friday, but the metal remains rangebound and could be vulnerable to a correction as bullish sentiment ebbs.
December gold rose $11.50, or more than 1.2%, to settle at $958.80 an ounce on the Comex division of the New York Mercantile Exchange.
“Even though we’re up today, prices are still maintaining a [...]
NEW YORK–Gold futures settled higher Wednesday on stronger crude prices, a weaker U.S. dollar and speculative buying.
December gold rose $5.60 to settle at $944.80 an ounce on the Comex division of the New York Mercantile Exchange.
“There’s little commercial demand for gold, yet investor demand seems to want to buy on these dips,” said Michael Gross, [...]
NEW YORK–Gold futures gained marginally in a consolidative session Tuesday, helped by a weaker U.S. dollar and rising oil prices.
December gold rose $3.40 to settle at $939.20 an ounce on the Comex division of the New York Mercantile Exchange.
The metal was consolidating losses from the previous session, said Michael Gross, broker and futures analyst with [...]
NEW YORK–Gold and other precious metals fell sharply Monday in response to a return of risk aversion, with weakness in equities and oil and a sharp bounce in the U.S. dollar.
December gold fell $12.90 to settle at $935.80 an ounce on the Comex division of the New York Mercantile Exchange.
Weak U.S. consumer sentiment reported at [...]
