George Gero, managing director with RBC Wealth Management, is describing the bounce in gold prices so far Tuesday as short covering. This is when traders with short, or bearish, positions buy to offset them. The covering came about after the short side of the market became “crowded” during a […]
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Published by Gold may have posted two straight months of declines, but is set to shrug off the blues and rise in […]
Precious metals were mostly flat this week as investors rushed to the US dollar for safety. The Turkish lira plunged and Russia’s […]
A weaker dollar, in which gold is priced, has helped the precious metal recover from a more than 1-1/2-year low hit last […]
Europe claws higher after China enters bear territory and the dollar recovers from a one-week low amid rising trade tensions; palladium hits […]