Gold Up From Daily Lows As Traders Buy The Dip
Gold prices have erased moderate early losses and are trading near steady in late-morning U.S. action Tuesday.
Read moreTDS: Silver Could Outperform Gold As Shorts Cover
TD Securities sees potential for silver to eventually outperform gold if the U.S. Federal Open Market Committee becomes more dovish
Read moreNewmont Mining Posts 60% Jump In 2Q Adjusted Profit
Newmont Mining Corp. (NYSE: NEM), generally regarded as the world’s second-largest gold producer, Tuesday reported a 60% jump in adjusted net income for the second quarter and also upped the lower end of 2017 production guidance while lowering cost guidance.
Freeport Reverses To Net Profit In Second Quarter
Freeport-McMoRan Inc. (NYSE: FCX) reports net income of $268 million, or 18 cents per share, in the second quarter, a turnaround form a net loss of $479 million, or 38 cents
Read moreGold Sees Normal Profit-Taking, Backing And Filling
Gold prices are modestly lower in early U.S. trading Tuesday.
Read moreAcacia Mining Slapped With Shocking $190 Billion Tax Bill In Tanzania
Acacia Mining is continuing to struggle in Tanzania, with the government now billing the country’s top gold producer a staggering $190-billion in alleged fines and unpaid taxes from two of its mines.
Gold Hits A Speed Bump After Hitting A 4-Week High
(Kitco News) – Gold prices were ending the U.S. day session near steady Monday, after hitting a four-week high earlier in the day.
Read moreSilver Still Needs To Do More To Shift Bearish Sentiment – Analysts
(Kitco News) – While hedge funds are feeling a little bit more optimistic on gold, more work needs to be done in the silver market, according to some analysts, since the market continues to attract short selling.
Read moreGold Unchanged After U.S. Existing Home Sales Disappoint
Gold prices were relatively unchanged after data revealed that U.S. consumers bought less pre-existing homes in June, according to the latest report from the National Association of Realtors (NAR).
Read moreGold Prices Holding Gains Despite Modest Rise In Flash PMI Data
(Kitco News) – Gold prices are holding on to modest gains Monday despite slightly stronger-than-expected preliminary manufacturing and service-sector sentiment data.
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