Kitco Newsn

The mining space will not be facing a major bull rally, or “feast” soon, but an inflection point is coming for gold, said John Kaiser of Kaiser Research Online. 

Gold has ticked higher ahead of a two-day meeting of the Federal Open Market Committee that ends Wednesday, analysts report. As of 8:11 a.m. EDT, spot metal was $5 higher to $1,308.30 an ounce.

Gold and silver prices are moderately higher in early U.S. trading Tuesday.

Bitcoin-U.S. dollar prices are near steady in early trading Tuesday. Bulls are showing just enough power to keep the mild uptrend on the daily bar chart alive.

Gold bulls need to stay patient for a little while longer before seeing gold prices rally to $1,375 levels projected for the year-end, according to TD Securities.

Last Time We Saw Merger Mania, This Is How Gold Prices Responded

Screen For These Things When Picking Mining Stocks, Said Veteran Geologist

Gold and silver prices are trading not too far from unchanged levels on the day, in early-afternoon U.S. trading Monday. A lack of fresh fundamental inputs to start the trading week is keeping trading in many markets more subdued.

The gold industry is facing a looming production crisis after years of capital starvation has shrunk gold miner reserves, says Ken Hoffman, materials expert at McKinsey & Company.

(Kitco News) – Although King Dollar isn’t about to lose its crown anytime soon, its influence is waning, which should provide some support for gold, according to the latest research from Bank of America Merrill Lynch (BoAML).