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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Wall Street and Main Street both look for gold to continue its recovery this week, based on the Kitco News weekly gold survey. Comex June gold last week fell as far as $1,302.30 an ounce, its weakest level of the year. Since, however, prices have ticked higher again. One widely anticipated event that occurred last week was a Federal Open Market Committee meeting in which interest rates were...

In its latest quarterly report, the World Gold Council (WGC) said that gold demand posted its weakest start to the year in a decade, Reuters reports. Key Details: œGlobal gold demand totaled 973.5 tonnes in the January to March period, down 7 percent year on year and the weakest first quarter since 2008. That coincided with a period of calm in the gold market, which saw prices hold within...

The gold market, which is trading at a four-month low is entirely at the mercy of the U.S. dollar, which is seeing a surge in momentum, pushing to a four-month high, according to one commodity analyst. Ole Hansen, head of commodity strategy at Saxo bank said in a report Monday that the two support levels he is watching very closely are $1,300 an ounce and then $1,280 an ounce. œMultiple...

Sentiment in the gold market is mixed as Wall Street is bearish while Main Street is bullish on the short-term outlook for gold prices, based on the Kitco News weekly gold survey. The market professionals who took part in the Wall Street survey look for further gold declines on signs of peace on the Korean Peninsula, which would mean less safe-haven buying of the precious metal. They also point...

On holiday last week, I am missing the nuance of the past few trading days. We suggested that the technical picture was looking positive with the caveat that $1,355 on a close basis was necessary to create further upside momentum. Looking at last week's charts, traders were unable to push gold through this level. The weakness overnight was generated from two factors. The first was North Korea's...

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