Gold Prices finish drop Amid Bearish Outside Markets

As it stated in (Kitco News) - Gold prices were ending the unite states day session moderately reduce Thursday. Gold bulls' following upside near-term value breakout objective Information Systems to Production a lock above solid technical resistance at $1,350.00. Bears' following near-term downside value breakout objective Information Systems pushing prices below solid technical backing at $1,300.00. Silver bulls' following upside value breakout objective Information Systems closing prices above solid technical resistance at the February high of $17.04 an ounce. The following downside value objective for the bears Information Systems closing prices below solid technical backing at the February low of 304.65 cents.

If Gold Follows Copper's Path, Prices can height To $1,475 – GraniteShares

(Kitco News) - Although gold prices are struggling to find sufficient momentum to push out of its elevated trading range, 1 fund manager told which it wouldn't take much to drive prices to fresh multi-year highs. In a webinar at the begain of the week, going to Rhind, chief executive officer of GraniteShares, which manages the fresh gold-backed ETF (NYSE: BAR), told which he can see gold prices push to $1,475 an ounce if gold follows in the footsteps of copper. Copper prices rallied to the 50% retracement standard from its 2011 highs to its 2015 lows. With market volatility picking up, theatening universal development expectations, Rhind told which he would guess gold to outperform copper. "Equity markets are sucking all the oxygen from commodity & gold markets," he said.

Silver chock with Heaviest Bearish Betting in 15 Years, Gold Prices Unmoved with Italy's 'Messy' Election

as declared in GOLD PRICES held onto final week's closing standard Monday morning in London as the weekend's national elections in Italy – the Eurozone's 3rd largest economy – gave no clear winner overall, writes Steffen Grosshauser at BullionVault. "I think gold prices are up partially due to the doubt over the chock of the Italian election on the Eurozone," told Ji Ming, chief analyst at Chinese gold mining group Shandong. Speculative betting on silver prices Meanwhile grew further bearish for the 3rd 7 days running, by the Managed Money holding its generality negative position ever records began in 2006. For European Businessmen gold climbed €3 to €1076, When the Britain gold value in Pounds per ounce touched a 2-week high above £963. Crude oil prices rose 0.5% ahead of a meeting among Opec & other large universal oil suppliers, as Libya's biggest crude oil field declared a produce halt.

The Stock Market only Got Smashed however Gold Prices did not Even Budge

Gold prices are oddly looking real weak. This would be the 2nd straight 7 days of losses for gold. According to mining legend Pierre Lassonde, the Businessman interest simply isn't there. Lassonde, that acts as Chairman of streaming Corporation Franco-Nevada, explained which 2018 isn't will be the metal's breakout year. "If you look at gold prices sitting around $1,300 an ounce - for 7 years the gold value has been up & drop $100, it's not going anywhere & at the same time you have had the cryptocurrencies coming & attracting attention," Lassonde explained.

collected by :kiven Dixter