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Bullish sentiment in gold is growing but focus remains on rising bond yields Sentiment continues to improve in the gold market among both Wall Street analysts and Main Street investors. However, there is some concern that rising bond yields will cap gold at critical resistance below $1,750 in the near-term. "Gold has had a nice bounce from its recent lows, but this just could be a short-term correction as prices appear to be contained as inflation still isn't a major…

Traders continue to bid yields higher in spite of the Federal Reserve statement “There’s something happening here, what it is ain’t exactly clear” – Stephen Stills Immediately following the conclusion of the FOMC meeting yesterday, we saw gold stage a strong rally moving from roughly unchanged to close higher by double digits. Many analysts interpreted the gains as a direct result of the Federal Reserve statement, which included the most current “dot plot,” indicating that interest rates most likely will…

Gold and silver are mixed heading into the EU open Gold and silver are trading mixed this morning with the yellow metal trading 0.29% down and silver moving 0.54% in the black. Gold has been impacted by some strength in the greenback today as the DXY trades 0.10% higher overnight. The US dollar is not up against all the major currencies with AUD, NZD and CAD all performing well. After inheriting a positive close from the US, the Nikkei 225…

Gold and silver move marginally higher heading into the EU open Gold has moved 0.20% higher again leading into the EU session and trades at $1734.65/oz. Silver is also up but only marginally as it flirts with the $26/oz figure. After inheriting a mixed close for Wall Street bourses in the Asia Pac area moved lower. The Shanghai Composite (-0.03%), Nikkei 225 (-0.02%) and ASX (-0.47%) all closed in the red. Futures are pointing towards a negative cash open in…

‘Geological’ inflation is here; how does this affect gold and silver price? Guest(s): Randy Smallwood We're living through a period of "geological inflation" which describes an environment of ever increasing demand for metals, but dwindling reserves, said Randy Smallwood, CEO of Wheaton Precious Metals. "It is getting tougher and tougher to find assets, to find opportunities, to grow, to find exploration," Smallwood said.   Try Kinesis Money System Exchange Gold, Silver and CryptoCurrency David

Is the worst behind us? Here’s what’s next for gold price After losing more than $200 since the start of the year, gold may have finally found its bottom – Monday's 10-month low. This is definitely the theme from this week's top 3 stories, with key figures in the gold space calling for higher prices to come. Goehring & Rozencwajg Associates still calling for $15,000 dollar gold before this bull cycle is over, expecting a full turnaround in the second…

Can gold price break free of Treasury markets? Analysts zero in on this trigger Has gold found its bottom at this week's 10-month lows? Analysts are waiting to see if the precious metal can hold the $1,700 an ounce level and break free from the Treasury markets' chains. After plummeting to the low of $1,675 on Monday, April Comex gold futures recovered above $1,730. On Friday, gold was down on the day but was able to hold the $1,700 an…

Gold and silver had mixed results in trading yesterday After two days of substantial gains, we see both gold and silver consolidating at current pricing. This factor bodes well for the assumption that both precious metals, after sustaining an approximately 61.8% Fibonacci retracement from the highs achieved in August of last year, as potentially an area to find support and form a bottom. Even with the muted price change from yesterday, if the recent gains were a so-called "one and…

Gold and silver are once again higher leading into the EU open Gold and silver are heading into the EU session both trading higher. The yellow metal is 0.61% in the black trading at around $1736/oz while silver is 0.58% higher at $26.34/oz. Overnight the risk sentiment in equities markets was pretty good as the Nikkei 225 (0.60%) and Shanghai Composite (2.36%) both traded higher but the ASX closed flat. This move came off the back of a fresh record…

Gold is flat leading into the EU session Gold and silver are mixed leading into the EU session this morning. Gold trades $15 above the $1700/oz level while silver is at $25.79/oz. After inheriting a positive risk sentiment overnight the Aisa-Pac bourses are mixed. The ASX (-0.84%) and Shanghai Composite (-0.05%) trade in the red while the Nikkei 225 closed 0.03% higher. In FX markets, the greenback is the strongest currency overnight. The dollar index trades 0.19% higher at 92.13,…