Gold traders need to be patient as the market remains stuck in a narrow trading range, according to one commodity analyst who sees growing potential for higher prices by the end of the year. Ole Hansen, head of commodity strategy at Saxo Bank, said that a flatter yield curve -- as the spread between two-year and 10-year bond yields has narrowed to the lowest point in 10 years -- and a struggling U.S. dollar against the Japanese yen are two positive signs for the gold market. œI am watching the yen very closely and short covering could drive the yen higher against the U.S. dollar; gold...

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Gold bears beware, prices could be setting themselves up for a 'strong finish' this year, says one analyst.' 'I remain constructive on GLD in the near term, expecting a strong finish to the year,' Boris Mikanikrezai, precious metals analyst at FastMarkets, wrote in a Seeking Alpha post on Wednesday. When forming his analysis, Mikanikrezai looked at net speculative positions on the Comex and...

When President Donald Trump tweets, markets listen. We saw this when he went on Twitter to slam Nordstrom for cutting his daughter's fashion line. The department store's stock dropped as much as 1% within a minute of his tweet. But when it comes to gold, the metal is a little more resilient to Trump's Twitter rants. Looking at a daily chart since Trump was elected president, gold saw its...

Next year is looking like a perfect time to get into the gold market, says one commodity strategist, who forecasts lower prices by the end of 2018. œGold still has some room to give before it is a good buy. Right now, we are in a neutral position. But, Id be more comfortable buying when we get down to at least $1,250 or below. And anything around $1,300 is a good selling level, Vivek...

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