Gold Moves Up From Daily Lows After Dovish Draghi And On Weakening Greenback
Gold prices are modestly lower and have moved well off the overnight lows, in morning New York trading Thursday.
Read moreDovish Draghi Comments Drive Gold Prices
European Central Bank President Mario Draghi confirmed asset purchases will continue at least through December, adding that a very substantial amount of stimulus is still needed.
Read moreStandard Chartered: Gold ETP Holdings Down 37 Tonnes In July
The amount of gold held to back global exchange-traded products for the metal is down 37 tonnes so far in July, says Standard Chartered.
Read moreCenterra Gains Some Relief In Arbitration Over Kumtor Project
Centerra Gold Inc. (TSX: CG) announces that an arbitrator has issued an order providing certain interim relief to the company in its ongoing arbitration against the Kyrgyz Republic and Kyrgyzaltyn JSC over the Kumtor project.
Read moreU.S. Weekly Jobless Claims Fall By 15,000 to 233K
(Kitco News) – U.S. initial weekly jobless claims fell by 15,000 to a seasonally adjusted 233,000 in the week to Saturday, the Labor Department said. The total was slightly higher than forecast.
Philadelphia Fed Manufacturing Index Falls To 19.5 In July
Kitco News reports on Philadelphia Federal Reserve business index for July
Read moreGold Sees Mild Profit Taking As U.S. Dollar Bounces
Gold prices are moderately lower in early U.S. trading Thursday, as the shorter-term futures traders are ringing the cash register and taking some profits after recent price gains.
Read moreGold Pushes Off Lows As ECB Holds Rates Steady, All Eyes On Draghi
European Central Bank (ECB) decided to leave interest rates unchanged, with all attention shifting to Mario Draghi’s press conference, which will shortly follow the bank’s announcement.
LME Looking Into Changing Strategy After Market Share Drop
The London Metal Exchange (LME), the world’s biggest industrial metal exchange, will be voting on various new measures in August, including items such lower fees and new live implied prices for monthly contracts not traded electronically, Bloomberg cited sources as saying.