Why gold and silver are down for a third day in a row
Gold and silver traded sharply lower Thursday, extending losses into a third straight session a day after minutes from the Federal Reserve showed that some policymakers were willing to raise interest rates if needed to fight inflation.
Build mines that can work at whatever gold price is thrown at you - Minera Alamos Doug Ramshaw
(Kitco News) - Minera Alamos will see a big step up in production over the next handful of years, said Doug Ramshaw, the company's director and president.
Ominously bearish chart formation sinks gold
(Kitco News) - Gold and silver prices are sharply lower near midday Thursday, on heavy profit-taking pressure from the shorter-term futures traders as well as weak-handed longs being forced to liquidate their recently established positions that are now under water. An ominously bearish chart pattern has developed this week, to suggest a near-term market top is in place, and that is also prompting technical selling pressure in gold.
Gold prices struggling near $2,350 as U.S. new home sales drop 4.7% in April
(Kitco News) - The gold market continues to see robust selling pressure and even disappointing U.S. home sale data is not enough to shake up this downtrend.
Gold prices drop as U.S. flash PMI shows improvement in manufacturing, services
(Kitco News) - The gold market fell to session lows after the latest data showed activity in both the U.S. service and manufacturing sectors improved this month.
Gold Price Forecast – Gold Continues to See Buyers on Dips
The gold market fell a bit in the early hours of the Thursday session, and as a result, value hunters came out to pick the market up yet again.
Gold price continues to struggle as U.S. weekly jobless claims fall to 215K
(Kitco News) -The gold market continues to struggle as it faces a wave of selling pressure and better-than-expected labor market data.
Gold price lower as bulls losing steam
(Kitco News) - Gold and silver prices are lower in early U.S. trading Thursday, on more profit-taking pressure from the shorter-term futures traders as well as weak-handed longs being forced to liquidate their recently established positions that are now under water. Slightly more hawkish FOMC minutes released Wednesday afternoon are also weighing on the precious metals markets.
Gold market analysis for May 23 - key intra-day price entry levels for active traders
(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. Based on key short-term technical support and resistance levels, I show potential buy and sell price entry points.
Gold Prices Forecast: XAU/USD Drops on Profit Taking and Fed Minutes
The Fed's stance on prolonged high interest rates and resulting profit-taking indicate a bearish short-term outlook for gold (XAU/USD) prices.
Gold (XAU) Daily Forecast: Prices Drop to $2,365; Hawkish Fed and Strong Dollar Impact
Gold prices have fallen to $2,365, pressured by the Federal Reserve's hawkish stance and a strong dollar.
