Surge In U.S. Dollar Could Drag Gold Lower Next Week – Analysts
(Kitco News) – The gold market could struggle to find upside momentum next week as U.S. bond yields and a U.S. dollar surge higher in continued reaction to what economists have called a “solid” July employment report.
Axel Merk Sees Potential For Gold As Markets Ignore Fed Balance Sheet Risks
(Kitco News) – So far markets are taking the idea of the Fed shrinking its balance sheet in stride as valuations remain at record highs; however, one analyst warns that the new venture will not be without its risks, which investors need to prepare for.
Read more255k Ounces Worth of Gold Up For Grabs At Mega Millions Lottery
Another lottery is making headlines, this time the Mega Millions $323 million jackpot, which will be drawn Friday at 11p.m. EDT.
Read moreGold Loses Some Shine But Survey Voters Still Lean Higher
A strong U.S. jobs report for July blunted some of the short-term enthusiasm for gold, but wasn’t enough to make respondents in the weekly Kitco News gold survey bearish.
Gold Prices Are ‘A Little Too Rich’ For This Analyst
This week’s gold gains have been a bit too much for this analyst’s comfort, who says a reversal is in order as the Fed is bound to raise rates one more time this year in what already is a risk-on environment.
Price Group’s Flynn: Gold To Bounce After Jobs-Related Price Fall
Phil Flynn, senior market analyst with Price Futures Group, looks for the current gold weakness – in the wake of a larger-than-forecast rise in U.S. July nonfarm payrolls – to be temporary.
Gold Drops Moderately After Upbeat U.S. Jobs Number
Gold prices are moderately lower in early U.S. trading Friday, pressured by an upbeat U.S. employment report that falls into the camp of the U.S. monetary policy hawks.
Read moreGold Falls As the U.S. Economy Adds 209K Jobs In July
(Kitco News) – Gold prices are seeing some selling pressure as the U.S. economy created more jobs than markets were expecting.
Read moreOsisko Gold Royalties Reports Profit, Hike In Dividend
Osisko Gold Royalties Ltd. (TSX, NYSE: OR) is hiking its dividend after a profitable second quarter in which the company expanded its gold streaming and royalty business.
Read moreFirst Majestic Profit Declines As Labor Issues Dent Output
First Majestic Silver Corp. (NYSE: AG; TSX: FR) late Thursday reported a smaller profit in the second quarter than a year ago, largely due to labor-related disruptions that cut mining output.
Read more