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Gold Drops To Daily Low As Raw Commodity Sector Slumps

Gold prices are trading moderately lower and have hit their daily lows in late-morning action Wednesday.

Gold Has Not Entered A New Bear Market – ScotiaMocatta

(Kitco News) – Although there are logical reasons behind gold’s sharp sell-off, the market has not entered a new bear market, according to analysts at global bank ScotiaMocatta.

Mandalay: Output Declines In 2Q But To Pick Up In Next Two Quarters

Mandalay Resources Corp. (TSX: MND) reports that output was lower in the second quarter than in the same period a year ago but looks for this to pick up in the next two quarters.

OceanaGold: Second-Quarter Gold Production Rises

OceanaGold Corp. (TSX, ASX: OGC) reports that gold production rose in the second quarter.

BBH: Stocks, Commodities Weak As Trade War Escalates

Equities and commodities have a weaker tone after U.S. President Donald Trump escalated a trade war with China.

Gold Down As Raw Commodities Sink Amid U.S.-China Trade War

Gold and silver prices are moderately lower in early U.S. trading Wednesday, pressured in part by another volley of U.S. trade sanctions levied against China that has prompted a sell-off in many raw commodity markets.

Gold Prices Remain Weak Despite Rise In U.S. June PPI

(Kitco News) – Gold prices remain under pressure, and are seeing little reaction to hotter-than-expected producer inflation pressures.

B2Gold 2Q Output Doubles; Fekola Produces Above Forecast

B2Gold Corp. (TSX: BTO; NYSE AMERICAN: BTG; NSX: B2G) reports that second-quarter gold production was roughly double the same period a year ago as the company’s new Fekola gold mine in Mali exceeded expectations.

Bitcoin Daily Chart Alert – Bears Have Near-Term Chart Advantage – July 11

Nearly 50% of Australians ‘Never Thought’ About Gold As An Investment — ABC Bullion

As gold is searching for new buyers amid a general lack of safe-haven interest on the market, Australia’s ABC Bullion found out that almost 50% of the population never even thought about investing in the yellow metal.