Gold Pops Briefly on Draghi Comments But Gains Don’t Hold

Gold prices pushed to their daily highs in the immediate aftermath of dovish comments from European Central Bank president Mario Draghi, during his monthly press conference following the ECB monthly meeting. The Euro currency rallied and the U.S. doll…

ECB Waiting For Early 2015 Before Deciding Future of QE

(Kitco News) – As expected, the European Central Bank will wait until early 2015 to decide whether or not to expand its quantitative-easing measures.

U.S. Weekly Jobless Claims Fall By 17,000 To 297,000

First-time weekly jobless claims in the U.S. declined by 17,000 to a seasonally adjusted 297,000 during the week to Saturday, the Labor Department said Thursday.

The tally was in line with consensus expectations compiled by various news organizations…

Gold Weaker on Chart Consolidation, Bearish Outside Markets

(Kitco News) – Gold prices are modestly lower in early U.S. trading Thursday, on some chart consolidation and amid bearish “outside market” forces today—a stronger U.S. dollar and weaker crude oil prices.

ECB Leaves Rates Unchanged

(Kitco News) – The European Central Bank, as expected, left interest rates unchanged Thursday.

Starbucks Giving Away Exclusive 10K Gold Cards

(Kitco News) – Starbucks is jumping onto the gold band wagon this holiday season as it launches is latest promotional contest.

Gold Posts Moderate Gains On Short Covering, Bargain Hunting and Technical Buying

Gold prices ended the U.S. day session moderately higher Wednesday, on a short-covering rebound in the futures market and on some perceived bargain-basement buying in the cash market. An improvement in the near-term technical posture of gold has also …

ICE’s One-Kilo Gold Contract Overshadowed By Singapore Exchange Delays

Intercontinental Exchange’s announcement of five new futures contracts, including a 1-kilogram gold contract, was overshadowed Wednesday morning after a three-and-half hour delay on the Singapore stock exchange.

U.S. Nonfarm Payrolls Expected To Remain Above 200,000 In November

Economists expect another strong U.S. employment report from the Labor Department Friday morning.

Gold Extends Early Gains as Bulls Gain Momentum

Gold prices are trading at their daily high in late-morning dealings Wednesday. Short covering and bargain hunting are featured on the push higher. A modest rally in the crude oil market is also supportive to the gold bulls’ cause. The gold bulls are …