kinesismoneysystem

Gold, silver weaker Thursday as USDX trades sharply up Gold and silver prices are modestly lower in midday U.S. trading Thursday, pressured by solid gains in the U.S. dollar index today. Losses in the metals are limited by gains in the crude oil market today. October gold futures were last down $4.20 at $1,762.20. September Comex silver futures were last down $0.181 at $19.555 an ounce. The marketplace Thursday quickly digested Wednesday afternoon's minutes from the last FOMC meeting of…

Gold, silver down on demand concerns – no reaction to FOMC minutes Gold and silver prices are lower in afternoon U.S. trading Wednesday, amid worries about demand for precious metals following this week’s downbeat economic data coming out of China and still-heightened worries about a U.S. and/or global recession. Rising U.S. Treasury bond yields and a firmer U.S. dollar index on this day were also bearish outside market elements for the metals markets. October gold futures were last down $11.00 at…

Gold, silver lower as crude oil sinks, bond yields rise Gold and silver prices are lower in near midday Tuesday. Weaker crude oil prices and rising U.S. Treasury bond yields on this say helped to pressure the precious metals markets. Also, recently rallying U.S. stock indexes that hit multi-month highs Monday are pulling away trader/investor interest in the long side of the safe-haven gold and silver markets. October gold futures were last down $7.80 at $1,780.00. September Comex silver futures…

Gold, silver down amid weak China economic news, bearish outside markets Gold and silver prices are solidly lower in midday U.S. trading Monday, on demand concerns for the metals after a batch of weak economic data from China. Sharply lower crude oil prices and a stronger U.S. dollar index to start the trading week are also bearish daily forces working against the metals. October gold futures were last down $19.60 at $1,785.70. September Comex silver futures were last down $0.443…

Stronger dollar set for weekly loss as traders adjust rate hike bets The dollar rallied on Friday but was set for a weekly drop as traders weighed improving U.S. inflation data against comments from Federal Reserve officials who cautioned the battle against rising prices is far from over. U.S. import prices declined for the first time in seven months in July on lower costs for both fuel and non-fuel products, data showed on Friday, in the third report this week…

Gold will play a big role in the coming global 'monetary reset' as U.S dollar loses its dominance – Maxime BernierCornelius Christian Cornelius Christian A global monetary reset is inevitable, as fiat currencies are being debased due to excessive money printing.The U.S. dollar will be dethroned as the dominant global reserve currency by currencies backed by a basket of commodities including gold, according to Maxime Bernier, Founder and Leader of The People's Party of Canada. "A commodity-backed money system will…

Traders buy the dip all week reinforcing support for gold futures at $1800 On Monday, August 8 gold futures opened at $1790 and by the close of trading had broken and closed above its 50-day moving average and closed at $1805 per ounce. Throughout the remainder of the week, December gold futures closed above $1800 on a daily chart. That being said, on Tuesday, Thursday and today December gold briefly traded to an intraday low between $1798 and $1799 prompting…

Gold, silver lower amid better risk appetite, rising bond yields Gold and silver prices are moderately down in midday U.S. trading Thursday, on some pressure from an uptick in trader and investors risk appetite late this week following some U.S. inflation data that was a bit tamer than expected. Rising U.S. Treasury bond yields today are also a negative for the metals. October gold futures were last down $9.10 at $1,794.10. September Comex silver futures were last down $0.437 at…

Gold, silver gain a bit amid slightly tamer U.S. inflation data Gold and silver prices are modestly up in midday U.S. trading Wednesday, in the wake of a U.S. inflation report that came in not as hot as the marketplace expected. Gold prices hit a four-week high and silver prices a five-week high today. October gold futures were last up $3.70 at $1,805.10. September Comex silver futures were last up $0.273 at $20.755 an ounce. The U.S. consumer price index…