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Gold Daily Review December 5, 2017

Gold Daily Review for December 5, 2017

COT: Large Speculators Long Pound Again; Gold, Silver Diverge

Large speculators flirting with a long GBP position again; gold and silver positioning diverges as they begin to move.

 

GNC pulls borrowing plans, hires Goldman Sachs to evaluate alternatives

Shares of vitamin store chain GNC Holdings Inc. GNC, -3.41% surged almost 6% in premarket trade Monday, after the company said it was pulling plans to

 

Gold Prices Continue Sideways Price Action

Gold prices spent much of the first half of the year in some form of trend. But over the past two months, trends have went

 

Goldman Sachs doesn’t think the Republican tax bill would be a big boost to the US economy

The Goldman Sachs US economic team said the GOP tax bill would boost GDP growth by 0.3 percentage points in 2018 and 2019, below Republicans’ promises

 

Gold ends with a loss as the U.S. dollar, stocks rise as tax plan moves forward

Gold prices ended lower on Monday, pressured as the U.S. Senate over the weekend passed a tax reform proposal. The passage helped strengthen the U.S.

 

All Dow stocks rise, with Goldman and Boeing providing the biggest boost to Dow futures

 

Webinar: Silver and Gold Downtrends May Have More Room to Run

Silver prices have sold off as anticipated from last week. The Elliott Wave patterns appear incomplete to the downside for silver and gold.

 

Gold Price Drop May Resume as Risk Appetite Firms Anew

Gold prices may face renewed selling pressure after a brief pause as market-wide risk appetite swells anew but fickle markets might change course yet.

 

Have a nice trading!




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