Goldcorp Looking Past Cerro Negro Impairment, Still A Cornerstone Asset – CEO

(Kitco News) – Goldcorp Inc. (TSX:G)(NYSE:GG) reported a net loss in its fourth quarter earnings, largely due to a $2.3 billion net of tax impairment charge on its Cerro Negro mine, located in Argentina, but that’s not changing how the company feels about one of its newest mines.

Nichols: Market Can’t Ignore Gold’s Safe-Haven Appeal Forever

The gold market has ignored geopolitical uncertainty in Europe and the ongoing crisis in Ukraine, and instead is focusing on U.S. interest rates and the U.S. dollar, but this trend can’t continue says Jeffrey Nichols, senior economic advisor to Rosland Capital, a precious metal asset firm. “As the dollar has appreciated, gold denominated in U.S. dollars has depreciated – a tendency that has been exacerbated by the pull of higher equity prices and the flow of funds from under-performing gold to over-performing stocks,” he says. “This situation can’t and won’t continue forever. Eventually, markets must reflect realities. The U.S. dollar may be the most attractive – or least unattractive – runner in today’s currency derby, but fundamentally it remains unhealthy.” Nichols adds that gold’s short-term volatility has little to do with its long-term fundamental bullish outlook. “We expect the price of gold will move to new historic highs in the next few years as more people and institutions around the world have the means and desire to hold more of their wealth in gold.”

Gold Ends Firmer But Gains Pared by Bearish Outside Markets

Gold ended the U.S. day session with moderate gains, on follow-through strength following Wednesday afternoon’s dovish-FOMC-minutes-inspired rally. Short covering in the futures market and bargain hunting in the cash market were featured. However, bearish outside markets—a firmer U.S. dollar index and lower crude oil prices—helped to push gold and silver prices well down from their daily highs. April Comex gold was last up $8.20 at $1,208.40 an ounce. March Comex silver last traded up $0.15 at $16.46 an ounce.

LBMA To Launch New Gold E-Auction March 20

(Kitco News) -With the administration in place the London Bullion Market Association announced that it is set to launch the new the LBMA Gold Price, March 20.

‘Our Focus Is Gold, Not Diversifying’ – Barrick Chairman

(Kitco News) – Barrick Gold Corp.’s (TSX:ABX)(NYSE:ABX) executive team left little doubt that the gold mining giant’s focus is firmly on the yellow metal.

Philadelphia Fed Manufacturing Index Falls To 5.2 In February

(Kitco News) – The headline index for a survey of manufacturers in the Philadelphia area weakened in February, adding to the weakness in January, according to the latest report from the Philadelphia Federal Reserve.

Pan American Silver Reports 4Q, FY Net Loss On Impairment Charges

Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) reports a net loss of $525.7 million, or $3.48 per share, in the fourth quarter, compared to a net loss of $293.1 million, or $1.94 per share, during the fourth quarter of 2013 mostly due to impairment c…

U.S. Weekly Jobless Claims Fall To 283K

(Kitco News) – First-time weekly jobless claims in the U.S. fell by 21,000 to a seasonally adjusted 283,000 during the week to Saturday, the Labor Department said Thursday.

Gold Solidly Higher on Bargain Hunting, Short Covering in Wake of Dovish FOMC Minutes

Gold prices are posting good gains in early U.S. trading Thursday.

The Pound And The Fed

The surprise winner today in the markets was – drum roll – Great Britain

« 1 … 725 726 727 728 729 … 815 »