Freeport Slumps To $3.3 Billion 2014 Net Loss; Gold Production Down

Mining giant Freeport-McMoRan Inc. (NYSE:FCX) posted a $3.1 billion, or $3.00 per share, loss in the fourth-quarter of 2014, and a $3.3 billion, or $3.22 per share, loss for the year due to a reduction on carrying values of oil and gas, as well as impa…

Gold Extends Early Gains on Safe-Haven Demand Amid Stock Market Sell-Off, Lower USDX

Gold prices have tacked on to early gains and are trading solidly higher in late-morning dealings Tuesday. The yellow metal is boosted by safe-haven buying interest as the U.S. stock market sells off sharply in the wake of disappointing corporate earn…

U.S. Consumer Confidence Rises To 102.9 In January, Highest Level Since Aug. 2007

(Kitco News) – U.S. consumers are starting the year off in an strong positive mood as optimism rose in January, according to data from the U.S. Conference Board.

Expect Thin Trading Volume As New York Digs Out From Juno – Analysts

(Kitco News) – Some analysts expect Tuesday might be a relatively quiet for markets as New York City, the world’s financial hub recovers from Storm Juno, which has been moving along the east coast since Monday.

Barclays: Short-Term Bias For Gold To The Upside

Sentiment seems to be shifting around the world, with European equities outperforming the S&P 500 in early trading on Tuesday, and gold rebounding from yesterday’s lows.

U.S. Durable Goods Orders Fall 3.4% In December

(Kitco News) – The U.S. economy lost some momentum in December, adding to November’s weakness, as the Department of Commerce reported a fall in durable goods orders Wednesday.

Gold Gets Boost On U.S. Stock Market Sell-Off, Weaker U.S. Dollar

Gold prices are modestly higher in early U.S. trading Tuesday, on some safe-haven buying interest as the U.S. stock market is selling off following some downbeat quarterly earnings reports.

The 6 PM Recap With Gary Wagner: The Best Investment Since Friday Morning Is…?

After showing deep declines based on fears about Greece’s elections early in the day, the euro steadied and late in the day actually is showing gains against the dollar.

Gold Stumbles In Corrective Pullback

(Kitco News) – After surging above the $1,300 per ounce level last week for the first time since August, April Comex gold futures have stumbled lower amid a modest corrective pullback on Monday.

Gold Sees Price Pressure from Profit Taking, Powerful Greenback

Gold prices ended the U.S. day session moderately lower Monday, on profit-taking from recent gains that saw prices last week hit a 5.5-month high, and on a strong U.S. dollar index that notched a 12-year high Monday.

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