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The gold market forged a very impressive recovery effort after taking it on the chin for 2 1/2 days
this week. From the low on Wednesday, June gold saw an initial bounce of roughly $70 an ounce….

Precious metals held on to the majority of their gains Friday afternoon despite further weakness in the broader financial markets.
COMEX gold futures, per the June contract, settled with a gain of $17.00, or 1.1%, at $1,591.90 per ounce.  In doing so, the yellow metal turned positive for the week, by 0.5%.
July silver futures – the More >

(eToro Blog) Over the past week, quite a few OpenBook traders and even a few gurus were caught on the wrong side of a trade or when the crisis in the Eurozone escalated well beyond investors’ comfort zone. The Euro trended lower and refused to retrace, much to traders’ collective chagrin. With the uncertainty of More >

At least into mid session, the optimism from Facebook seems to have distracted gold and physical
commodity markets from what continues to be a very precarious Euro zone watch….

Demand for gold in China climbed to a new record high during the first quarter of 2012, according to the World Gold Council (WGC).
In its latest quarterly Gold Demands Trends report, the WGC noted that Chinese gold demand increased 10% to 255.2 tonnes.  India, which last year had the largest demand for gold, saw its More >

GOLD PRICE NEWS – Gold prices continued their recent resurgence on Friday with a $15.50, or 1.0%, advance to $1,590.10 per ounce.  Since reaching a four and a half month low of $1,526.87 just two days ago, the spot price of gold has surged higher despite ongoing strength in the U.S. dollar.  In doing so, More >

Compiled 05/18/12 6:00 AM (CT)Statistics: London Gold Fix $1,588.00 $+41.00 LME Copper Stocks
221,175 tons +3,725 tons.GOLD MARKET FUNDAMENTALS: (6:00 AM CST) Most gold traders think that gold
was lifted sharply yesterday because of fresh assumptions of quantitative…

There is no sign of a bottoming in Hot Rolled Coil (HRC) futures prices, in fact the price decline
accelerated today as worries intensified about the European financial system….

Utilizing a trailing average Hot Rolled Coil (HRC) price, the SMU/Steel Reality price momentum
meter for flat rolled steel in the US remained below 0% this past week for the 13th straight week
of negative readings….

Gold rose, after posting its largest one-day gain in more than three months in the previous
session, but prices were on track to drop for a third straight week on mounting worries over the
euro zone debt crisis.