Gold Up, At 6-Wk High, Following Dovish FOMC
Gold and silver prices are solidly up and scored multi-week highs in early U.S. trading Thursday, in the wake of a dovish Fed statement that has pushed the U.S. dollar index to a 13-month low.
Read moreCoeur Posts 2Q Loss, Reports Higher Investment Expense, Debt Retirement
Coeur Mining, Inc. (NYSE: CDE) reported a loss in the second quarter late Wednesday, saying the results reflected higher investment spending geared at long-term growth and a $9.3 million one-time expense from early retirement of debt.
Read moreAgnico Eagle Posts 2Q Profit, Ups Output Guidance, Cuts Cost Forecast
Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) Wednesday reported a higher second-quarter profit while revising up 2017 production guidance and lowering the company’s forecast for costs.
Goldcorp Reverses To Profit In 2Q, Cuts Cost Guidance
Goldcorp Inc. (TSX: G, NYSE: GG) flipped to a profit in the second quarter and trimmed its guidance for costs in 2017.
Read moreBarrick’s 2Q Adjusted Profit Rises On Higher Output, Lower Costs
Barrick Gold Corp. (NYSE, TSX: ABX) Wednesday reported a 65% rise in its adjusted profit during the second quarter, helped by the combination of increased gold production and lower costs.
Read moreGold Sees Modest Gains In Wake Of Mildly Dovish FOMC Statement
Gold prices were trading slightly lower in afternoon trading Wednesday.
Read moreGold Rises As Fed Keeps Rates Steady, Says Will Unwind Balance Sheet ‘Relatively Soon’
The Federal Reserve kept interest rates unchanged, which was widely expected. The rate remained in a range between 1% and 1.25%.
Read moreRelax, The Dollar’s Bull Market Is Still Intact – BBH
The U.S. dollar’s downtrend and steady decline since the first quarter are not enough to faze analysts at this major NY-based bank.
The Dollar’s ‘Trump Honeymoon’ Is Over – Peter Schiff
The U.S. dollar gained traction earlier in the year when the U.S. welcomed a new President, but one famed investor thinks it has had its “last hurrah” and gold will prevail.