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Housing Data out this morning and everyone is awaiting Fed Chair Janet Yellen’s speech later today, Kitco News has Jim Wyckoff to comment on how it may affect gold. Wyckoff says the gold market is seeing a bit of a lift on Wednesday from yesterday’s lows. “Partly due to the weaker than expected housing data,” he adds. Looking over at tensions in Eastern Europe, Wyckoff says he was surprised to see the gold market selloff sharply on Tuesday given the escalating issues between Ukraine and Russia. “It is my bias that heading into a long 3-day weekend in many countries that gold will probably see a bid come in,” he says. Wyckoff also comments on China’s growth data as well as gives his market ratings for gold & silver on this edition of “Technically Speaking.” Tune in now! Kitco News, April 16, 2014.
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As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and ©
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