Gold Backs Down From Daily Highs As U.S. Dollar Firms Up
Gold prices are still holding moderate gains in late-morning trading Thursday.
Read moreFXTM: Gold Hits Six-Week High In Wake Of Fed Meeting
Gold has hit a fresh six-week high since the Federal Reserve’s cautious inflation assessment in a policy statement after a meeting Wednesday, weighing on prospects for higher U.S. interest rates, says FXTM research analyst Lukman Otunuga.
Kirkland Lake: Fosterville Underground Reserves More Than Double
Kirkland Lake Gold (TSX: KL) reports that underground gold reserves at the Fosterville Gold Mine have more than doubled.
Read moreU.S. Orders Of Durable Goods Rise By 6.5% During June
Kitco News reports on U.S. orders for durable goods in June
Read moreGold Keeps Gains As U.S. Weekly Jobless Claims Rise By 10,000
U.S. initial weekly jobless claims rose by 10,000 to a seasonally adjusted 244,000 in the week to Saturday, the Labor Department said. The total was slightly higher than forecast.
Read moreGold Up, At 6-Wk High, Following Dovish FOMC
Gold and silver prices are solidly up and scored multi-week highs in early U.S. trading Thursday, in the wake of a dovish Fed statement that has pushed the U.S. dollar index to a 13-month low.
Read moreCoeur Posts 2Q Loss, Reports Higher Investment Expense, Debt Retirement
Coeur Mining, Inc. (NYSE: CDE) reported a loss in the second quarter late Wednesday, saying the results reflected higher investment spending geared at long-term growth and a $9.3 million one-time expense from early retirement of debt.
Read moreAgnico Eagle Posts 2Q Profit, Ups Output Guidance, Cuts Cost Forecast
Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) Wednesday reported a higher second-quarter profit while revising up 2017 production guidance and lowering the company’s forecast for costs.
Goldcorp Reverses To Profit In 2Q, Cuts Cost Guidance
Goldcorp Inc. (TSX: G, NYSE: GG) flipped to a profit in the second quarter and trimmed its guidance for costs in 2017.
Read moreBarrick’s 2Q Adjusted Profit Rises On Higher Output, Lower Costs
Barrick Gold Corp. (NYSE, TSX: ABX) Wednesday reported a 65% rise in its adjusted profit during the second quarter, helped by the combination of increased gold production and lower costs.
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