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Gold price remains down but largely ignores 12% jump in U.S. housing construction data(Kitco News) - The gold market remains under pressure trading below a critical support level but is not seeing any new major selling momentum following mixed activity in the U.S. housing market.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Gold miners predict $1 800/oz comebackNot even the most hawkish Federal Reserve in decades can beat down the exuberance of gold enthusiasts at the industry’s biggest annual gathering. Bullion prices will reach $1 806.10 an ounce by year end, according to the average estimate in a survey of 10 participants at the Denver Gold Forum, the yearly meetup of mining executives, investors, bankers and analysts. The forecast is 7.8% above Monday’s spot closing price. The last time gold settled that high was at the beginning of July.
Source: MiningWeeklyCA - 🏆 48. / 63 Read more »
Gold SWOT: gold fell as inflation data came in hotter than expectedCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »