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(Kitco News) – Although gold is showing some resilience by holding strong support at its 200-day moving average, its downside potential could be tested next week as the market faces major hurdles, including a Federal Reserve monetary policy meeting and…
Read moreWall Street and Main Street alike are more divided than normal on where gold prices might head over the next week, with the bulls making up the biggest camp but not capturing a majority in the weekly Kitco News survey for the first time in several weeks.
Read moreGold traders will have a lot of events on their plates to digest next week, says Sean Lusk, director of commercial hedging with Walsh Trading.
Read more(Kitco News) – Gold and silver prices are modestly up in early U.S. trading Friday, on technical rebounds, and some short covering and bargain hunting heading into the weekend. The just-released U.S. GDP report was a bit weaker than expected but did not significantly impact the markets. June Comex gold was last up $1.60 an ounce at $1,267.90. May Comex silver was last up $0.03 at $17.295 an ounce.
Read more(Kitco News) – Gold prices are unable to find any momentum Friday despite the U.S. economy expanded at a slower pace than expected in the first three months of the year according to the latest data from the Commerce Department.
Read moreEldorado Gold Corp. (NYSE: EGO) reports a first-quarter profit of $3.8 million, or a penny per share, a turnaround from a loss of $2.5 million, or zero cents per share, in the same period of 2016.
Read moreDetour Gold Corp. (TSX: DGC) reports first-quarter net income of $6 million, or 3 cents per share, down from $27.6 million, or 16 cents, in the same period a year ago.
Read moreDetour Gold Corp. (TSX: DGC) reports first-quarter net income of $6 million, or 3 cents per share, down from $27.6 million, or 16 cents, in the same period a year ago.
Read moreIndia is making gold trading easier, with its top online payment platform, Paytm, introducing a new mobile app that allows users to buy, store and sell gold digitally and free of charge.
Read moreGold is likely to trade between $1,225-$1,285 range in the second quarter, unless a geopolitical event triggers additional safe-haven demand, this according to international trading firm, Sucden Financial.
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