ISM Manufacturing Index Falls To 56.6 In September
(Kitco News) – The U.S. manufacturing sector lost some ground in September, giving up some of the strong gains made in August, according to the latest data from the Institute for Supply Management.
Read moreCurrent Gold Price Levels Not Considered ‘Cheap,’ Further Losses Possible – Deutsche Bank
Gold prices are hovering in the low $1,200-an-ounce area, but current values may still be pricey compared to valuations against other physical and financial assets, said Deutsche Bank on Wednesday.
Read moreSouth African PGM Output May Return To Normal By 2016 – Deutsche Bank
(Kitco News) – South African platinum group metals output may not return to normal until about 2016, as the industry recovers from one of the worst strikes earlier this year, said Deutsche Bank Wednesday.
Read moreCME Group Sept Average Daily Volume Rises 17.7% Vs August, Up 17% Vs 2013
CME Group Sept Average Daily Volume Rises 17.7% Vs August, Up 17% Vs 2013
Read moreGold Could See Short-Lived Boost Thursday Following ECB Decision
(Kitco News) – Gold prices may see a boost Thursday, on the back of a bounce in the euro and a weaker U.S. dollar, after the European Central Bank releases the details of its quantitative easing program, but it won’t be enough to shift the yellow metal’s downward momentum, analysts said.
Gold Hovers Near 9-Mo. Low as Economic Report Pace Picks Up
Gold prices are steady to slightly lower and trading near this week’s nine-month low in early U.S. dealings Wednesday. The economic report schedule picks up steam starting Wednesday, with the highlight of the week being Friday’s U.S. employment report. December Comex gold was last down $2.00 at $1,209.40 an ounce. Spot gold was last quoted up $0.10 at $1,209.30. December Comex silver last traded down $0.017 at $17.04 an ounce.
ADP Shows 213K Private Sector Jobs Created In September
(Kitco News) – U.S. companies increased the pace of hiring in September, according to a report released by payrolls processor ADP Wednesday.