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Gold's historical promise is to enhance returns and reduce volatility – State Street Global Advisors
The gold market remains bound to its 200-day moving average. Still, instead of worrying about the day-to-day price fluctuations, one market strategist said that investors should pay attention to the long-term potential that gold offers.
In an interview with Kitco News, George Milling-Stanley, chief gold strategist at State Street Global Advisors, said that although some investors have been frustrated with gold's price action so far this year, the market is still holding up relatively well. Read More
Gold gets hammered at $1,830 again
Gold traders have to be nimble in the current market environment. The precious metal is sensitive to positive economic data and comments from the Federal Reserve that highlight potential cutbacks in its monthly asset-purchases, according to some analysts.
The gold market is once again struggling to find some traction after it was unable to hold on to its overnight gains. The precious metal found some support early in Wednesday's session after payrolls processing company ADP said that only 330,000 jobs were created in July. Economists were expecting to see job gains of 695,000. Read More
Gold and silver are flat leading into the European open
Gold and silver are both pretty much flat leading into the European open. All was looking well for gold yesterday but Fed speaker Clarida threw a spanner in the works and the price has come back towards the $1800/oz mark. In the rest of the commodities complex, copper is also flat and spot WTI has dropped -0.16%. Read More
Two European investment banks are looking for more upside in gold
Two prominent European investment banks are looking for some upside in gold. Both Credit Suisse and Commerzbank are highlighting resistance areas that the price could break to gain some upside momentum. Read More
Gold & Silver Market Analysis for Wednesday 4th of August
Gold getting closer again to the resistance zone of $1,820
The gold price remains traded in a small lateral trading range, unable to find a clear direction. The recent attempts to break up the resistance levels of $1,820 and $1,835 failed to find consistency, while gold returned within the lateral trading range between $1,790 and $1,820.
Over the last few hours, the gold price is trying again to test the first resistance placed at $1,820, confirming the improving momentum for bullion. Read More
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Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
