Gold Headlines

Gold threatens to snap a 9-week win streak

Silver jewellery exports soar 121% in April-July even as overall jewellery exports fall 46%

Gold Fever Spurs Dollar Oddity Not Seen Since Erdogan Took Power (Bloomberg)

It took weeks of frenzied gold trading in Istanbul’s historic commercial center to spur one of the biggest gaps between the cost of physical dollar bills and the official exchange rate in 18 years. Home to scores of foreign-exchange kiosks that double up as brokers for the precious metal, the Grand Bazaar is often seen as the benchmark for the country. Traders there also mostly use cash to settle gold dealings -- and dollars were in short supply. As a result, U.S. currency bills in this…

Gold Price Is Set To Record Its First Weekly Loss Since June, What Now?

Gold prices set for first weekly decline in 10 (Reuters)

* Gold on course for 4% weekly fall * Gold's longer-term uptrend intact - Standard Chartered * Silver set to snap 9-week winning streak * U.S. 10-year yields up nearly 15 basis points this week "Gold is coming under pressure due an uptick in U.S. yields, which is causing a little bit of sell-off right now," said Edward Meir, an analyst at ED&F Man Capital Markets. https://www.reuters.com/article/global-precious/precious-gold-prices-set-for-first-weekly…

A faltering U.S.-China trade deal is now the nations' strongest link

China's economic recovery underwhelms as consumer comeback stays elusive

U.S. hits fiscal cliff with jobs, economic recovery in the balance

Gold, Silver Jump After Swings Amid Weak Dollar and Economic Woe

Make no mistake, fundamentals for gold are ‘most bullish in history’ – Peter Schiff