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Gold, Silver See Tepid Bounces In Quiet, Pre-FOMC Trading
Gold and silver prices ended a quieter U.S. day session slightly up Monday.
Read more4 Factors That Could Spark A Gold Rally This Week
Gold bulls are battling back Monday morning. Since marking out a minor top at $1,264.90 on Feb. 27, April Comex gold futures slid lower as the market priced in expectations for an interest rate hike from the Federal Reserve this week.
Read moreStrike Begins At Hecla’s Lucky Friday Mine In Idaho
Workers went on strike Monday at Hecla Mining Co.â??s (NYSE: HL) Lucky Friday mine in Mullan, Idaho, the company announced.
Citi: European Election Risks Could Limit Gold’s Downside
Gold futures have been pressured lately by expectations for higher U.S. interest rates, but the downside may be limited by uncertainty about approaching European elections, say Citi analysts.
Read moreGold, Silver See Corrective Bounces From Recent Selling Pressure
Gold and silver prices are modestly higher in early U.S. trading Monday.
Read moreTreasury Bonds Yields Nearing 52-Week Highs as Comex Gold Falls Below 50-Day Moving Average
Last week, was a week without new highs for the five major equity averages, as the focus shifts to the “Ides of March” as the Federal Reserve sets to raise the federal funds rate to 1.00%. The sideways action left Dow transports and Russell 2000 with n…
Read moreEcuador Sees $3 Billion Flowing Into Mining Sector With Three Years
(Kitco News) – After only two years of promotions, Ecuador has made strong progress in establishing itself as a mining destination, according to the country’s Minister of Mining.
High Expectations For Gold To Rally After Fed Next Week
(Kitco News) – The saying ‘three times a charm’ may apply to the gold market next week as some analysts say the metal may be setting itself up for a decent rally following a Fed rate hike.
Wall St. Bullish, Main St. Leans Bearish On Gold Next Week
Wall Street and Main Street have flip-flopped their short-term views on gold for next week, when the Federal Open Market Committee is expected to hike U.S. interest rates.
Read moreAnalysts: Jobs Data Maintain Expectation For U.S. Rate Hike
Analysts and economists say a strong U.S. jobs report does nothing to change the market view that the Federal Open Market Committee will hike U.S. interest rates next week.
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