CME Group: Metals Volume Jumps 50% Year-On-Year In August
Exchange operator CME Group reports that the volume of metals trading rose 50% year-on-year in August.
Read moreAnalysts Expect More From Gold, Next Week’s Range: $1,300-$1,330
With gold trading firmly above $1,300 Friday, analysts remain optimistic about next week’s projections, with a majority looking for the yellow metal to make new gains.
Wall St., Main St. See Gold Retaining Luster After Jobs Data
Wall Street and Main Street look for gold to continue its advance next week, based on the weekly Kitco News gold survey.
Read moreGold Backs Off A Bit More On Strong ISM Manufacturing Report
Gold prices have lost much of their early gains that came in the wake of a weaker-than-expected U.S. jobs report.
Read moreGold Pares Gain After ISM Manufacturing Index Rises To 58.8% In August
Gold trimmed its gains after the Institute for Supply Management said that its manufacturing index rose to 58.8% in August from 56.3% in July. Comex December gold was last up $1.90 to $1,324.10 an ounce.
Read moreGold Loses A Bit Of Steam As U.S. Dollar Index Comes Off Daily Low
The gold market is modestly higher but has lost about half of the gains seen in the immediate aftermath of a downbeat U.S. jobs report.
Read moreGold Pops To 11-Mo. High After Downbeat U.S. Jobs Report
Gold prices are solidly higher and hit an 11-month high in early U.S. trading Friday.
Read moreGold Jumps As U.S. Economy Adds Only 156K Jobs In August
Gold prices surged after the U.S. economy created fewer jobs than markets were expecting.
Read moreNewmont Declares Commercial Production At Tanami Expansion
Newmont Mining Corp. (NYSE: NEM) has achieved commercial gold production at the Tanami expansion project in Australia, which officials say will lead to higher production and lower all-in sustaining costs per ounce of gold, the company announced late T…
Read moreToo Many Gold Bulls, This Firm Warns Prices Are Heading Lower
Even though Capital Economics revised its year-end gold forecast upwards, it still thinks the current rally is not sustainable and the metal will likely retreat back to $1,200 an ounce.
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