There's no reason to own gold in U.S. dollar terms, commodities trader Dennis Gartman said Monday.» Read More
The former congressman said that if the government continues on its current course, it will end up like Detroit.
Gold soared around 3 percent on Wednesday after the Federal Reserve said it would continue buying bonds at an $85 billion monthly pace for now.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Oil hit a two-week low as concerns over Syria continued to ease. And Libyan production seems to be coming back online, as well. And nat gas hits a 7-week high.
Michael Dudas, precious metals & mining analyst at Sterne Agee, forecasts gold will strengthen next year as physical demand and continued liquidity will support the metal.
Acceleration in the U.S.' economic recovery will push the price of gold to fresh lows in 2014 after keeping steady for the remainder of this year, according to Goldman Sachs.
Gold settled under $1,310 an ounce on prospects that the Fed will announce a modest reduction in its bond-buying stimulus at its two-day meeting.
Dhiren Sarin, Chief Technical Strategist, Asia Pacific at Barclays charts the markets, where he says the U.S. 10 year treasury yield could see more buying again at the current levels. He also charts gold and Brent crude.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The Syrian risk premium is quickly deflating. Now traders turn their attention to Libyan export terminals. .
The markets are "primed" for a correction, says Brian Belski, BMO Capital Markets, providing an outlook on oil and gold. With Francisco Blanch, BofA Merrill Lynch Global Research.
Gold settled higher on Monday, with markets expecting the Federal Reserve to begin tapering its commodity-boosting monetary stimulus soon.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Next week is all about the Fed. If it announces a larger-than-expected taper, it could create more weakness in gold.
CNBC's Sharon Epperson reports from the NYMEX as metals close for the week with gold hitting a fresh 5-week low.
The price of gold may be due a “last hurrah” after deflating earlier this year as an equity market rally made its safe haven status less attractive.
Gold fell to a five-week low on Friday, heading for its weakest week in two months on prospects the US would curb its stimulus soon.
Gold has hit a 4-week low at the close of the metals market, reports CNBC's Sharon Epperson.
Traders say technical momentum prompted further selling after gold broke below its 100-day moving average(around $1,359.)
Gold prices fell nearly 3 percent on Thursday ahead of a Fed meeting next week.
Goldman Sachs is expecting the Fed to curb QE at the September FOMC meeting. Gold is modestly lower, reports CNBC's Sharon Epperson.
Michael Widmer, metals strategist at Bank of America Merrill Lynch, discusses metal commodities and says gold should rally if tapering does not start soon.
Gold fell as speculation that a U.S. military strike against Syria could be averted dented the metal's safe-haven appeal.