The U.S. dollar has been stealing gold's thunder again as it took on a role of a safe-haven, with analysts warning to keep a close eye on the $1,269 level, which if broken can be a gateway to even lower prices. The yellow metal has been struggling this week as equities rebounded, the U.S. dollar climbed higher, and geopolitical tensions seemed to favor the dollar over gold. June Comex gold futures were last trading at $1,273.60, down 0.29% on the day. "We've seen a pretty strong dollar index, a resurgence in risk appetite, and we've had a move higher in the U.S. yields," TD Securities head...

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Gold Struggles Continue

Thursday, 13 September 2018 04:15 WIB

There is no interest in the metals as they churn in consolidation on their road to nowhere. Another day off the calendar, another day the metals did nothing. This is the pattern that is lulling everyone to sleep and eventually metals will break out -- either up or down. On Tuesday, gold tested the lower level of support and immediately bounced back, indicating the higher low is holding. The...

Gold is losing some shine for investors as the price has plunged to a 20-month low on the back of emerging market currency depreciation. The price dropped 3% in recent weeks - taking the price to $1200 an ounce. The figure is a sweet spot for gold producers as profit margins are eroded by production costs. The industry regards falling below $1200 an ounce as a trigger for slowing production...

Wall Street and Main Street both look for higher gold prices this week, based on the weekly Kitco News gold survey. This marks a sharp turnabout for Main Street, after 74% of these respondents last week called for gold to fall during the last week. This was the most Main Street bearishness in the surveys three-year history. This time around, 326 out of 718 Main Street respondents, or 45%,...

Main Street may be more bearish than ever on the direction of gold prices thisweek, while Wall Street leans bullish, based on the weekly Kitco News gold survey. Over the years, Main Street has tended to be mostly bullish on the metal. However, retail investors have called gold to be lower in three of the last four weeks, and perhaps never by as large of a percentage as this week. A total of...

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...

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