Gold's Rout Fails to Dent Bullish Calls at Major Banks
Some major banks say the longer-term investment case remains intact amid expectations for exceptionally strong demand from investors and central banks.
Buy into gold's weakness, say JPMorgan and Deutsche Bank
The tumble in gold that saw the yellow metal drop over $1,000 an ounce in just two days hasn't deterred Wall Street from recommending the metal.
Price recoveries in gold, silver but for how long?
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold market analysis for February 2 - key intra-day price entry levels for active traders
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Eldorado Gold to Buy Foran Mining for About C$3.8 Billion
Eldorado Gold agreed to acquire Foran Mining for approximately 3.8 billion Canadian dollars, or US$2.79 billion, including debt.
Gold sell-off did not derail Deutsche Bank's bullish $6,000 target
Deutsche Bank reiterated its bullish stance on gold and maintained a long-term price target of $6,000 per ounce following last week's sharp correction in precious metals. The bank did not assign a formal recommendation but restated its positive outlook and confirmed that neither its target nor its underlying assumptions had changed.
Gold, silver and copper sell-off deepens
Shares in mining companies led the falls in London on Monday, as gold, silver, copper and other commodities resumed the meltdown that began last week, just a day after the metals had reached record highs. The spot price of gold dropped to $4,649.9 an ounce, another 4.9% drop on the day, and silver slumped 7.6% to $78.18/oz.
Gold now down nearly $1,000 from peak as silver struggles following record 31% slump
A volatile day is setting up for precious and base metals on Monday with silver and China selling in focus.
Gold Falls as Markets Further Price in Warsh-Led Fed
Gold is lower in the morning Asian session as markets further price in a Fed led by Kevin Warsh.
Gold, Silver Prices Dropped. Why Analysts Aren't Panicking.
Silver Trust's price on Friday dropped by the largest percentage decline on record, according to Dow Jones Market Data.
Stocks slide and gold fever fades as investors weigh Trump's Fed pick
Financial markets are churning on Friday as investors try to figure out what President Donald Trump's new nominee to lead the Federal Reserve will mean for interest rates. The initial reactions were uneasy because of the uncertainty.
‘Bearish engulfing' patterns are warning you: Don't buy the dip in gold-miner stocks
A bearish technical pattern that appeared in a widely traded gold-mining ETF, as well as in Newmont's stock, is warning investors to think twice before buying the dip.
