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Gold Under Pressure As ECB In No Hurry To Raise Interest Rates

(Kitco News) – Gold is under renewed selling pressure Thursday, trading near session lows as the European Central Bank indicates that it is in no hurry to raise interest rates within the next year.

OceanaGold Reports 2Q Profit On Higher Gold Production

OceanaGold Corp. (TSX, ASX: OGC) reports a second-quarter profit as gold output rose to around 143,000 gold ounces from 124,400 in the same period a year ago.

Newmont Records 2Q Profit, Obtains 50% Of Galore Creek Project

Newmont Mining Corp. (NYSE: NEM) reported a profit in the second quarter Thursday and also announced that the company has acquired a 50% interest in the Galore Creek project in British Columbia.

U.S. Orders Of Durable Goods Rise By 1% During June

Kitco News reports on U.S. orders for durable goods in June

U.S. Initial Jobless Claims Rise By 9K After Hitting 49-Year Low

(Kitco News) – Initial weekly U.S. jobless claims saw a modest jump off last week’s 49-year low, with a seasonally adjusted data rising by 9,000 to 217,000 claims to the week to Saturday, the Labor Department reported.

Gold, Silver Prices Weaker In Quiet, Summertime Trading

Gold prices are moderately lower and silver prices are slightly down in early U.S. trading Thursday.

Bitcoin Daily Chart Alert – Prices Firmer Thursday, Bulls Have Momentum – July 26

ECB Leaves Interest Rates Steady, Still Planning to Trim QE

The European Central Bank’s Governing Council Thursday left interest rates unchanged and did not alter plans to start scaling back its quantitative-easing program until autumn.

China’s Gold Market Needs These 3 Improvements – WGC

China plays a major role in the global gold market, but it needs to improve its regulatory oversight, widen its investor base, and work on expanding the gold market infrastructure in order to continue to grow, according to the World Gold Council (WGC).

Coeur Mining Flips To Profit In Second Quarter

Coeur Mining, Inc. (NYSE: CDE) reversed to a profit in the second quarter on higher output, the company announced Wednesday.