Gold At Session Highs Following 0.1% Drop In PPI
(Kitco News) – Gold prices are adding to their recent two-months highs, holding at session highs following weaker than expected U.S. producer inflation pressure.
U.S. Weekly Jobless Claims Rise By 3,000
U.S. initial weekly jobless claims rose by 3,000 to a seasonally adjusted 244,000 in the week to Saturday, the Labor Department said. The total was slightly higher than forecast.
Read moreGold Hits 2-Mo. High On Safe-Haven Demand, N Korean Worries
(Kitco News) – Gold prices are higher and notched a nearly two-month high in early U.S. trading Thursday.
Read morePan American Silver 2Q Earnings Rise; Cost Guidance Lowered
Pan American Silver Corp. (Nasdaq, TSX: PAAS), one of the world’s largest primary silver producers, reported a rise in second-quarter earnings late Wednesday and also downwardly revised cost guidance for 2017.
Iamgold Posts 2Q Profit; Impairment Charges Reversed; Output Rises
Iamgold Corp. (TSX: IMG; NYSE: IAG) posted a profit in the second quarter as it reversed impairment charges, production rose and costs fell.
Read moreWhy Supply Side Is Key When Trading Commodities – Goldman Sachs
Gold and oil failed to spike as high as expected this year, with one analyst explaining why the supply side matters when trading commodities, warning that they are not anticipatory assets.
Read moreGold ‘Poised’ To Hit $1,300 – Bloomberg Analyst
The technical setup in the gold market right now is convincing one analyst that $1,300 gold may be just around the corner.
Read moreFed Members Highlight Weak Inflation But Gold’s Not Listening
(Kitco News) – Gold is seeing little reaction to dovish comments from two regional Federal Reserve presidents, who have raised concerns about the low inflationary environment and have added doubt for a potential rate hike at the end of the year.
Read moreHigh Anxiety In Marketplace Propels Gold To 7-Wk. High
Gold prices were ending the U.S. day session solidly higher and pushed to a seven-week high Wednesday, on solid safe-haven demand.
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