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(Kitco News) – The European Central bank, as expected, left interest unchanged Thursday.
Read moreGold Ends Near Steady; U.S. Jobs Report On Deck
Read moreGold prices ended the U.S. day session modestly higher on short covering and an upside technical correction after hitting a nine-month low Wednesday. However, the strong U.S. dollar and the overall bearish raw commodity sector at present are still giv…
Read moreGold might be under pressure with the broad commodity complex lately, but buying just ahead of $1,200 an ounce suggests a “deep-rooted interest” in the yellow metal, says Triland Metals. Commodity markets have been pressured lately, much of it due to a stronger U.S. dollar, the firm points out. “With the mood damp and sentiment weak, shorts are continually frustrated with buying that is supporting (gold) just ahead of the $1,200 number,” Triland says. “Even if this is the last few gasps of a bid before a move of despair below $1,180, the action over the last few weeks suggests a deep-rooted interest in gold over other commodities and there is a very simple reason why gold is tenaciously holding its ground – ever-expanding fiat currency balance sheets.”
Read moreThe Standard & Poor’s 500 stock index is up about 7% so far this year, and its resilience is surprising, said two fund managers for a Scottish investment firm.
Read more(Kitco News) – The Royal Canadian Mint is honoring Canadians who have boldly gone where no one has gone before.
Read moreGold futures are seeing an upside corrective bounce in midday trading Wednesday. Short covering in the futures market and bargain hunting in the spot market are featured, to lift prices up from nine-month lows scored this week. The sell-off in the U.S…
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