Copyright © 2025 AGD Global
U.S. CPI Falls 0.4% In December, Core Inflation Unchanged
(Kitco News) – As expected, lower gasoline prices are easing some consumer price pressures, according to the latest data from the Department of Labor.
Read moreThe 6 PM Recap With Gary Wagner: Yodel-Lay-Hee-Hoooo!
Today will always be known as the day of the “Swiss Surprise.” The Swiss tore the cap off their franc’s valuation in a stunning move that has had traders all around the world scrambling to dump short positions they held in the currency. Some of them fled to gold, fueling a surge there of 2.4%.
Macquarie: Gold Prices To Average $1,255 An Ounce In 2015
Gold prices are expected to do slightly better in 2015 as the yellow metal still faces some headwinds, says analysts at Macquarie Research. On Wednesday, the Australian-based bank released their gold price forecast for 2015, only slightly revising their 2014 outlook. The bank expects gold prices to average about $1,255 an ounce this year, up from the 2014 average of $1,250. The analysts expect gold to be stronger in the second half of the year, estimating an average of $1,310 in the fourth quarter. Although demand remains strong in China and India, they say that investor interest will remain week. “Our gold forecast is little changed from previous, with moderate appreciation expected as investors continue lowering their expectations of long-term U.S. interest rates,” they say.
HSBC Gold Outlook: Bearish Factors May Not Be So Bearish In 2015
Although many bearish factors for gold seem to be on the horizon in 2015, HSBC said they see potential gains for the metal in the coming year.
Read moreGold Solidly Up, Hits 4.5-Mo. High, On Safe-Haven Demand Following Surprise SNB Move
(Kitco News) – Safe-haven demand was in full force among traders and investors Thursday, in the wake of surprising news the Swiss National Bank abruptly abandoned the Swiss franc’s peg to the Euro currency.
What Does Gold’s Performance Against Foreign Currencies Mean For The Market?
(Kitco News) – Gold prices continue to defy U.S. dollar strength as investors look for safe-haven assets, but opinions are mixed as to what its gains in foreign currencies means for the U.S. marketplace.
Read moreFortuna Silver Reports Record FY 2014 Production
Fortuna Silver Mines inc. (TSX:FVI)(NYSE:FSM) produced a company record 8.7 million silver equivalent ounces in 2014 – 6.6 million ounces of silver and 35,000 ounces of gold – from its San Jose and Caylloma mines.
Philly Fed Plunges to 6.3
On Thursday the Philadelphia Fed’s manufacturing business outlook survey reported a 18 point decline in its index, falling to a reading of 6.3 in January, down from December’s revised reading of 24.3, marking its lowest level since Feb. 2014.
‘Carnage’ In Financial Markets Boosts Gold As Safe-Haven Asset
(Kitco News) – Gold prices continued to show its safe-haven appealas the Swiss National Bank unleashed, what one analyst described as, “carnage” in the marketplace.
Empire State Manufacturing Index Turns Positive At 10.0 In January
(Kitco News) -Following a negative reading in December, the Empire State Manufacturing Survey climbed eleven points in January, showing an improvement in business activity for New York manufacturers.