Hedge Funds Ditch Gold Ahead Of Fed Decision, More Selling To Come – Analysts

(Kitco News) – After three weeks of growing bullish interest, culminating in a seven-month high, hedge funds were quick to take profits last week and liquidate those positions on the eve of the Federal Reserve interest rate hike, according to the lates…

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Gold Adding To Daily Losses Heading Into U.S. Close

Gold prices are moderately down, near their session lows and at a four-week low in late U.S. trading Monday.

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Optimistic Outlook By Fed’s Dudley Weighs On Gold

(Kitco News) – Gold is not getting much love from the Federal Reserve’s second in command who provided an upbeat outlook on the U.S. economy that continues to support interest-rate hikes.

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Only Extreme Breakdown In Brexit Negotiations Will Boost Gold Prices – Analysts

(Kitco News) – Brexit negotiations officially kick off Monday and there would have to be an extreme breakdown in talks to push gold prices higher, according to some analysts.

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Tahoe: Escobal Silver Guidance Unaffected By Road Blockade

Tahoe Resources Inc. (TSX: THO, NYSE: TAHO) says that a road blockage by protestors near its Escobal silver mine in Guatemala has not affected output guidance for the year.

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Gold At 4-Week Low On Bearish Charts, Stable U.S. Dollar

Gold prices are modestly down and hit a four-week low in early U.S. trading Monday.

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Walsh’s Lusk: Comex Gold Around Long-Term Moving Averages

Comex August gold is trading right around a couple of key long-term moving averages, which are important chart support for the metal, says Sean Lusk, director of commercial hedging with Walsh Trading.

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Canadian Miners Fall Victim To ‘Cyber-Extortion’

A number of Canadian mining companies were targeted by a cybercrime group dubbed FIN10, which managed to steal sensitive information by using spear phishing emails and then demanded ransom in the form of bitcoins, this according to a report released b…

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De Beers Launches World’s Largest Diamond Exploration Ship

A $157-million vessel will be exploring the coast of Namibia in the search for diamond seabed deposits in order to maintain high production levels.

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Ignore the Hawkish Fed, There’s Still A Case for Gold – Traders

As gold wraps a volatile week, settling lower on the week, some traders still see potential for the yellow metal.

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