First Majestic: 3Q Output To Be ‘Back On Track’ After Decline In 2Q
First Majestic Silver Corp.’s (NYSE: AG; TSX: FR) second-quarter production declined, but the company looks for output to be “back on track” in the third quarter since a number of work stoppages appear to have been resolved.
Gold Stabilizes Ahead Of Yellen Testimony
Gold prices are modestly higher in early U.S. trading Wednesday, on some position-squaring ahead of the marketplace highlight of the week: remarks from Fed Chair Janet Yellen before the U.S. Congress.
Read moreGold Rally Was Inevitable – RBC’s Gero
Prepared remarks from Federal Reserve chair Janet Yellen released Wednesday morning saw gold prices move higher as the market deemed the text as favoring the monetary policy doves.
Read moreJim Cramer Calls Amazon Prime A “Makeshift Holiday,” Not Helping Stock Price
Despite all the fanfare behind Amazon’s annual sales event, its stock price is not moving higher, a trend seen since 2015 when the event was first launched.
Without Regulation Bitcoin Will ‘Run Amok’ — CEO Of Chinese Bitcoin Exchange BTCC
As cryptocurrencies are continuing to see a surge in popularity, they will need to face regulations or their massive price swings will cause havoc, this according to a CEO of a major Chinese bitcoin exchange.
Read moreTrump Emails, Washington Political Turmoil Sending Gold Higher
(Kitco News) – Ongoing political turmoil in Washington D.C. highlights gold’s safe-haven demand with prices spiking after the release of emails from Donald Trump Jr. that Russia wanted to support Trump’s presidential campaign.
Gold Push Off Lows; The Calm Before The Storm?
(Kitco News) – Gold and silver prices were ending the U.S. day session slightly higher Tuesday. There were no major markets news events occurring today to move the precious metals markets. August Comex gold was last up $1.50 an ounce at $1,214.80. Sep…
Read moreABN AMRO Reverses Bullish Gold Outlook, Slashes Year-End Level To $1,210
The bears are back as a hawkish Federal Reserve is putting significant pressure on gold prices, with one international bank lowering its year-end gold forecast from $1,300 to $1,210, citing higher U.S. real yields.
Read moreMillennials Take Note: Gold Can Provide Long-Term Value
(Kitco News) – While gold could struggle further in the near term as the markets adjust to a rise in real interest rates, one strategist remains optimistic that the precious metal can still do well since there are few options for investors left in an …
Read moreOne Gold Bug’s Line In The Sand
Recent selling pressure has one gold bug worried, but not enough to get out of the market just yet.
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