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Yamana Raising C$80 Million With Sale Of Brio Gold Shares
Yamana Gold Inc. (TSX: YRI; NYSE: AUY) reports that a group of underwriters has agreed to purchase nearly 26.7 million common shares of Brio Gold currently held by Yamana on a bought deal basis at an offering price of C$3 per Brio share.
Read moreGold Ignores Rise in Pipeline Inflation Pressures
(Kitco News) – Gold prices remain slightly higher, but are ignoring a Labor Department report Tuesday showing that producer prices for finished U.S. goods in rose by a seasonally adjusted 0.5% in April.
U.S. Weekly Jobless Claims Fall By 2,000 To 236,000
(Kitco News) – Initial weekly U.S. jobless claims fell by 2,000 to a seasonally adjusted 236,000 in the week to Saturday, the Labor Department said Thursday. The tally was lower than forecast.
Gold Up On Short Covering, Value Buying
Gold prices are firmer in early U.S. trading Thursday, supported by some short covering by the shorter-term futures traders and on perceived bargain hunting in the cash market.
Read moreSilver Mine Production Drops For First Time In 14 Years – Study
(Kitco News) – (New York City) Global silver mine production in 2016 recorded its first decline since 2002, largely the result of lower by-product output from the lead/zinc and gold sectors – this according to the latest study by an organization committed to the metal’s cause, the Silver Institute.
Market Volatility Keeping Gold and Silver Quiet
The VIX which is known as the fear index for equities is keeping a lid on gold and silver.
Read moreGold Is A Measure Of Anxiety, Has Good Foundation At $1,200 – Tocqueville
As gold prices continue to linger under pressure near seven-week lows, one portfolio manager remains optimistic that gold will continue to be in demand with solid foundation set at around $1,200 an ounce.
Read moreIndia’s Gold Market Sees Pick-Up In Demand, Optimism In 2017 – UBS
Gold demand in India is witnessing a pick-up amid some renewed optimism, with strong expectations for the rest of the year, this according to a new report published by UBS.
Read moreBlackRocks Still Likes Gold As An Insurance Policy
(Kitco News) – The world’s largest asset management firm continues to recommend investors to hold a core position in gold as an insurance policy, despite the metals continued decline from last month’s five-month highs.
Where is Gold Headed? VOTE NOW!
(Kitco News) – Where do you think gold prices are going next week? Vote now in the Kitco News Wall Street vs Main Street weekly gold survey.
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