Freeport-McMoRan Reports Rise In 3Q Profit
Freeport-McMoRan Inc. (NYSE: FCX) reports net income of $280 million, or 19 cents per share, for the third quarter, up from $217 million, or 16 cents, for the same period a year ago.
Read moreGold At session Lows Following 2.2% Rise In U.S. Durable Goods Orders
(Kitco News) – Gold prices remained on the defensive Wednesday, falling to session lowss, after a Commerce Department report showing that orders for U.S. durable goods rose by 2.2% to $238.7 billion in September.
Read moreGold, Silver At 3-Week Lows On Dearth Of Bullish News
Gold and silver prices are weaker and have dropped to three-week lows in early U.S. trading Wednesday.
Read moreGold trades at nearly 3-week lows with eyes on stronger dollar and Fed leadership
Gold prices fell Wednesday, trading at their lowest in nearly three weeks, as the dollar advanced, Treasury yields remained elevated and stocks wavered, although still within striking distance of fresh records.
Read moreForget ‘Fear Trade’, New Investors Are Choosing Gold To ‘Make Money’ – CPM’s Jeff Christian
As “fear trade” is dwindling down and the old-guard investors are stepping back, the new generation is buying gold to “make money” rather than to hedge against risk, said one precious metals expert.
Fed Hike Or Not, Gold Will Be Above $1,300 By Year-End – ANZ
Despite a projected Federal Reserve’s rate hike and the appointment of a new Fed Chair, gold will end the year above $1,300 and then shoot up to $1,400 in the next couple of years, according to one bullish Melbourne-based bank.
Brown Field Development Is Sweet Spot For Miners – Integra Resources
(Kitco News) – With the mining sector facing years of dwindling production, the sweet spot for gold companies and investors will be to redevelop mothballed brownfield projects, according to George Salamis, President and CEO of Integra Resources.
Read moreRisk-On Attitudes Sinking Gold And Silver Markets
Gold and silver prices were ending the U.S. day session modestly lower Tuesday. Both markets were headed toward three-week low daily closes.
Read moreGold Showing Some Resilience In The Face of Stronger Dollar, Higher Yields – Saxo Bank
(Kitco News) – Although gold has fallen below key resistance, one market analyst said that he sees some underlying strength in the marketplace as the metal holds above important support levels.
Read moreIs China Lifting its Bitcoin Clampdown? – Gordon Chang
Bitcoin has cooled off after nearing in on a record high of more than $6,000 this week, but many investors are hopeful that if China lifts its ban on the cryptocurrency, it could add fuel to its run-up.
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