David

Gold modestly up in choppy trading, supported by big drop in USDX Gold prices are mildly higher in midday trading Thursday, on a choppy and two-sided trading day. Solid losses in the U.S. dollar index today are prompting some buying interest in the precious metals markets. A U.S. GDP report that was downbeat and which fell into the camp of the U.S. monetary policy doves, who want the Federal Reserve to hold off on tapering its monetary policy stimulus, was…

Gold, silver gain as U.S. dollar, bond yields decline Gold and silver prices are higher and near their daily highs at midday Wednesday, supported by a weaker U.S. dollar index and falling U.S. Treasury yields on this day. Trading was choppy and on both sides of unchanged today, as traders are awaiting new fundamental developments to move the precious metals markets. December gold futures were last up $4.70 at $1,798.10. December Comex silver was last up $0.112 at $24.20 an…

The Fed won't be able to get inflation under control, gold price is going much higher – Wilshire Phoenix Investors are once again turning to gold, pushing prices back above $1,800 an ounce, and one firm expects gold prices to continue to move higher as it is unlikely the Federal Reserve will be able to get the inflation under control anytime soon. In a recent interview with Kitco News, Wade Guenther, managing partner at Wilshire Phoenix, which launched the Wilshire…

Inflation threat can drive gold prices back to $1,830 next week The growing inflation threat remains the most extensive support for the gold market as analysts see the potential for prices to test critical resistance around $1,830 in the near term. Friday morning, gold prices pushed to a six-week high as rising inflation pressures have pushed breakeven rates in the five-year bonds to their highest level in a decade. The breakeven rate is the difference in yields between bonds and…

Gold price to double as Fed kicks off tightening and economy flatlines Gold has the potential to double once the Federal Reserve begins to tighten and hike rates to fight off hotter-than-expected inflation, said Peter Boockvar, chief investment officer at Bleakley Advisory Group. "If you inflation adjust gold for its 1980 high, it can go to $2,500, it can overshoot $3,000 plus," Boockvar told Michelle Makori, editor-in-chief of Kitco News. "Silver … can get back to its highs of $50…

Gold sees slight gains, silver solidly up and hits 5-wk high Gold and silver prices are higher in midday U.S. trading Tuesday, with silver sharply up and notching a five-week high. Gold prices have backed well down from the session high on profit taking by the shorter-term futures traders. A drop in the U.S. dollar index to a three-week low today and more bullish near-term chart postures for both metals invited buyers to step up. December gold futures were last…