kinesimoneysystem

Gold, silver up, but down from daily highs on some profit taking Gold and silver prices are modestly higher but nearer the daily lows in midday U.S. trading Wednesday. Some profit-taking pressure from the shorter-term futures traders kicked in after both metals touched 13-month highs in the immediate aftermath of a tamer U.S. inflation report this morning. June gold was last up $4.20 at $2,023.20 and May silver is up $0.114 at $25.30. The U.S. data point of the week…

Gold's bullish uptrend won't be reversed by a 'mean washout' – analysts The gold market retreated Friday as better-than-expected U.S. data and hawkish comments from St. Louis Fed President James Bullard weighed on prices. But analysts don't see the gold's bullish uptrend reversing soon. Gold was down around $15 on the day after hitting a high of $2,006.50 earlier in the session. After seeing its best gains in three years last week, gold continues its move higher, testing the $2,000…

  'Original fear of missing out': Gold price explodes and could test $2k after best week in 3 years – analysts The gold market surged as prices saw their best week in three years amidst the fallout of the banking sector. Analysts are not ruling out a test of the $2,000 an ounce level next week as markets look past the Federal Reserve monetary policy meeting scheduled for Wednesday. The precious metal rose from $1,867 an ounce to above $1,980…

Are we seeing the first indications of a correction in gold? This has been a most interesting year for investors and traders who have been active in gold. There have been two completed trends that contained both a multi-month rally and a multi-month correction. During the first week of January gold was already in rally mode, and opened at $1827 on the first day of trading, January 3. By March 8, gold had traded to its highest value this year…