Gold Sees Normal Profit Taking After Recent Gains
Gold prices are moderately lower in early U.S. trading Thursday. Some normal profit taking by the shorter-term futures traders is featured after gold prices hit a six-week high earlier this week.
Read moreHecla Posts Loss In 2Q, To Lease Velardena Mill Another 24 Months
Hecla Mining Co. (NYSE: HL) early Thursday reported that it posted a loss in the second quarter, one day after announcing that it has reached an agreement to lease the Velardeña mill, located near the San Sebastian mine in Mexico, for an additional 24 months.
Bank of England Keeps Rates Steady, Gold In GBP Rises
Gold priced in British pounds rose after the Bank Of England announced it is keeping interest rates unchanged at record low on Thursday, while noting the impact of Brexit and slashing its economic growth forecasts for both 2017 and 2018.
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Kinross Profitable In 2Q; Adjusted Earnings Top Forecasts
Kinross Gold Corp. (TSX: K, NYSE: KGC) late Wednesday reported that it reversed to a profit in the second quarter, helped largely by lower production costs.
Read moreGold Demand Took A 10% Hit In Q2, But WGC Isn’t Too Worried
Global gold demand’s 10% dive in the second quarter did not go unnoticed, led mainly by slowing exchange-traded fund inflows, according to the latest data released by the World Gold Council (WGC).
Bad News For Gold…The Fed Is Still On Track To Raise Rates – IHS Markit
(Kitco News) – Gold’s recent gains to a nearly two-month high appear vulnerable to one research firm as they expect global monetary policy to tighten into year-end, providing a significant headwind for gold and silver.
Bad News For Gold…The Fed Is Still On Track To Raise Rates – IHS Markit
(Kitco News) – Gold’s recent gains to a nearly two-month high appear vulnerable to one research firm as they expect global monetary policy to tighten into year-end, providing a significant headwind for gold and silver.
Analysts Still See Potential In Gold Despite 7% Drop In July ETF Holdings
Despite a 7% drop in holdings of the world’s largest gold-backed exchange-traded fund last month, analysts have said there are signs of underlying strength in the marketplace, as futures prices have pushed to a nearly 2-month high.
Gold Weaker On Profit Taking; U.S. Jobs Report On Deck
Gold prices ended the U.S. day session a bit lower Wednesday, on some mild profit taking from recent gains that pushed the market to a six-week high on Tuesday.
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