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Gold moves slightly lower heading into the European open After another move higher during Wednesday's session gold is heading into today's European session 0.14% lower. Silver (-0.28%) is also slightly down but this pales in comparison to the 2.81% gain yesterday. After a strong close on Wall Street yesterday the ASX (0.83%) and Nikkei 225 (2.38%) bounced back from some recent weakness. The Shanghai Composite did not move in the same vein as it closed -0.38% lower overnight. FX markets…

Gold pushes higher ahead of the European market open Gold and silver are once again trading higher leading into the European open. Gold is 0.40% higher at $1785/oz while silver has moved up 1% to reach $26oz again. After inheriting a negative close from the U.S., bourses in the Asia Pac area have struggled overnight. The Nikkei 225 fell -2.03%, ASX -0.29% and the Shanghai Composite traded flat. In the FX markets, the majors traded within their ranges. The dollar…

Gold and silver prices spike, but can rally last? Jim Wyckoff on the long-awaited bull market Momentum has shifted back in gold and silver’s favor for now, said Jim Wyckoff, senior market analyst at Kitco News. “When we last talked, the markets, both gold and silver, were in a near-term price downtrend. Remember, we talked about key support levels that had to hold to keep prices from accelerating to the downside and those key price support levels, technical levels, did…

Gold, silver set back as chart-based sellers step in Gold and silver prices are lower in midday U.S. trading Monday, as the shorter-term futures traders are again pressing the short side of the markets to start the trading week, amid a lack of fresh, markets-moving fundamental news. June gold futures were last down $13.40 at $1,731.60 and May Comex silver was last down $0.505 at $24.82 an ounce. Global stock markets were mostly lower overnight. U.S. stock indexes are pointed…