Gold Prices Today – Euro Area Deflation & Janet Yellen Pose Threat but for How Long?

Spot Gold Price at Kitco.com

A double dose of trouble threatens gold prices today, as euro-area inflation data came in soft this morning and Fed Chair Yellen is set to speak later this afternoon. Each of the two factors serves dollar strength, which is threatening to gold price appreciation. But after close study of the data and realization of other issues, we are suspicious of the staying power of the factors against gold. See the full report on today's gold prices here.

Precious Metal Relative	09-29-15 Close
SPDR Gold Trust (NYSE: GLD)	-0.4%
iShares Gold Trust (NYSE: IAU)	-0.4%
ETFS Physical Swiss Gold Trust (NYSE: SGOL)	-0.4%
iShares Silver Trust (NYSE: SLV)	+0.2%
ETFS Physical Silver Trust (NYSE: SIVR)	+0.3%
Market Vectors Gold Miners (NYSE: GDX)	+0.7%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+0.2%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+1.5%
Direxion Daily Gold Miners Bear 3X (NYSE: DUST)	-0.5%
Goldcorp (NYSE: GG)	-1.6%
Randgold Resources (Nasdaq: GOLD)	-0.1%
Barrick Gold (NYSE: ABX)	-0.8%
Silver Wheaton (NYSE: SLW)	+0.3%
Coeur Mining (NYSE: CDE)	+0.4%

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