Pimco Getting More Defensive But Shunning Gold
(Kitco News) – Warning signs continue to flash in financial markets as another global investment firm recommends investors take a defensive position; however, gold doesn’t appear to be on the menu.
Short-term Gold Bear Says CPI Data Could Change His Tune
Gold bulls are eying inflation and are looking for data to exceed expectations, catching the Federal Reserve on the back foot and potentially pushing gold prices higher.
Read moreMitsubishi Sees Further Gains For Silver
Gold continues to gain momentum as equity markets move lower and as geopolitical tensions between North Korea and the U.S. still dominate headlines.
Read moreMcEwen Mining To Purchase Black Fox Complex For $35 Million
McEwen Mining Inc. (NYSE, TSX: MUX) has reached an agreement to purchase Primero Mining Corp.’s (TSX: P; NYSE: PPP) Black Fox complex in Canada for $35 million, the companies announced Thursday.
SSR Mining Net Profit Rises, Helped By Impairment Reversal
SSR Mining Inc. (NASDAQ, TSX: SSRM), which until this month was known as Silver Standard Resources Inc., reports second-quarter net income of $37.7 million
Read moreGold At Session Highs Following 0.1% Drop In PPI
(Kitco News) – Gold prices are adding to their recent two-months highs, holding at session highs following weaker than expected U.S. producer inflation pressure.
U.S. Weekly Jobless Claims Rise By 3,000
U.S. initial weekly jobless claims rose by 3,000 to a seasonally adjusted 244,000 in the week to Saturday, the Labor Department said. The total was slightly higher than forecast.
Read moreGold Hits 2-Mo. High On Safe-Haven Demand, N Korean Worries
(Kitco News) – Gold prices are higher and notched a nearly two-month high in early U.S. trading Thursday.
Read morePan American Silver 2Q Earnings Rise; Cost Guidance Lowered
Pan American Silver Corp. (Nasdaq, TSX: PAAS), one of the world’s largest primary silver producers, reported a rise in second-quarter earnings late Wednesday and also downwardly revised cost guidance for 2017.
Iamgold Posts 2Q Profit; Impairment Charges Reversed; Output Rises
Iamgold Corp. (TSX: IMG; NYSE: IAG) posted a profit in the second quarter as it reversed impairment charges, production rose and costs fell.
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