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Canadian Dollar Gold Price Great For Canadian Gold Assets – CIBC
(Kitco News) – It would appear that gold producers with assets in Canada don’t mind the drop of the Canadian dollar as the gold price in the northern currency is at C$1,550 an ounce, compared to a lower U.S. gold price per ounce of roughly $1,230.
Is Gold Ready For A Friday Bounce? – Triland Metals
The recent pullback in precious metals prices should be seen as a buying opportunity, and there may even be chance for a late-Friday bounce, says Triland Metals.
Read moreGold Up on Short-Covering, but Risk-On Attitudes, Bearish Charts Limit Upside
Gold is once again modestly higher in early U.S. trading Friday, on some short-covering in the futures and bargain hunting in the cash.
Read moreGold Slightly Up Amid Bullish Outside Markets, Weaker U.S. Data
Gold ended the U.S. day session slightly higher in quieter trading Thursday. The market got a boost on the key outside markets being in a bullish posture on this day—solidly higher crude oil prices and a lower U.S. dollar index. Short covering in the futures market from Wednesday’s selling pressure was also featured. However, better trader and investor risk appetite that boosted the stock markets squelched buyer interest in safe-haven gold. April Comex gold was last up $2.00 at $1,221.60 an ounce. March Comex silver last traded up $0.049 at $16.81 an ounce.
WGC: India Beats China As Top Gold Consuming Nation For 2014
According to data from the World Gold Council (WGC), India reclaimed the title as the top gold consuming nation from China in 2014, despite demand being down compared to the previous year.
Read moreBritish Mint Sees Strong Gold Coin Demand From Greece As Nation Prepares For ‘Grexit’
(Kitco News) – It appears that Greek citizens are preparing for the worst, buying more gold coins as a safe-haven currency while the nation’s politicians are unable to come to an agreement with its European creditors.
Impairment, No Mill Expansion At Kinross’ Tasiast Not A Bad Thing – CIBC
Kinross Gold Corp.’s (TSX:K)(NYSE:KGC) decision to not move forward on a large scale expansion at its Turkey-based Tasiast mine, and the subsequent $342.5 million impairment charge the company took on it, is not necessarily a bad thing, say analysts at CIBC.
LBMA: Ounces Of Gold Transferred In January Rises From December
(Kitco News) – The amount of gold transferred between accounts of London Bullion Market Association members rose from December to January, but the amount of silver that exchanged hands fell, the organization reported Thursday.
Barclays: Threat Of ‘Grexit’ At Its Highest Point Since 2012
After some early optimism in the market, Greece and its European creditors were unable to reach an agreement on a new bailout deal and analysts from Barclays say that the prospect of a Greek exit is at its highest point since 2012. They added that discussion will continue on Monday but there are no expectations that an agreement will be reached anytime soon. “Although they have a strong incentive to reach an agreement on an EU-funded program, they seem fundamentally opposed on many policy issues,” they say. Despite the risks, Barclays adds that is it uncertain if a “Grexit” will create financial instability across the eurozone the biggest contagion risk would be Spain. “While the direct exposures of other member states to Greece appear manageable, a Greek exit could leave the door open for speculation that other EMU members may follow, especially where the election of new governments hostile to the current policy approach appears likely,” they say.