It has been an awful summer for gold. And just when things could not get any worse for the yellow metal, prices dipped below $1,200 an ounce in early trading Monday morning -- a nearly 1.5-year low. So does this mark the final leg down and the end of the pain for many gold investors? œSomeday, at some point, it will happen, said Mike McGlone, commodity strategist for Bloomberg Intelligence in an interview on Friday. œHave we reached the point of maximum loss of faith? We may be pretty close, McGlone added. Gold prices are down and hit a nearly 1.5-year low as they fell below...

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Gold continues under pressure overnight after last week's tepid bounce. Gold managed a meager $15 bounce on Friday but could not sustain any momentum into the close. Overnight the dollar continued to appreciate, which brought fresh selling into the commodity space. The technical charts look terrible for gold but a possible support zone exists around $1,207. Watching the euro/dollar for a quick...

All eyes in the gold market will be on meetings of the Federal Open Market Committee and other central banks this week, as well as the monthly U.S. jobs report on Friday, says Commerzbank. Fed rate hikes or hawkish commentary, as well as strong jobs data, tend to undercut gold, and vice-versa. However, rate hikes in other nations could help gold by hurting the U.S. dollar. œMarket...

Main Street has joined Wall Street in calling for gold prices to move lower in the short term, according to the Kitco News weekly survey. This is only the third time all year that voters in both surveys were bearish, including the second time in less than a month. Eighteen market professionals took part in the survey. There were nine votes, or 50%, calling for gold prices to fall. There were...

Wall Street looks for the recent slide in gold prices to continue, while the largest block of Main Street voters is bullish, according to the Kitco News weekly survey. Nineteen market professionals took part in the survey. There were 12 votes, or 63%, calling for gold prices to fall. There were four votes, or 21%, calling for gold to rise, while three voters, or 16%, look for a sideways...

INTL FCStone looks for gold prices to perform better in July than they did during a 'miserable' month for the metal in June. Analysts expressed surprise that gold fell last month, considering the dollar index 'flatlined,' Treasury yields fell, inflation picked up in the U.S. and Europe and equity markets were wobbly. They chalked up gold's declines to the general rout in commodities. In a...

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