OPEC can’t save oil market alone—the U.S. has to step in, says Morgan Stanley
OPEC and other major oil producers have taken on an ambitious battle to rebalance the oversupplied oil market, but despite the best intentions their efforts aren’t enough, Morgan Stanley warns.
Gold Gets A Little Help From ADP Data, Outside Markets
Gold prices ended the U.S. day session with modest gains Thursday.
Read moreWill Gold Trade Below $1,200? – Top Analysts Speak Out
Federal Reserve monetary policy tightening, the U.S. dollar, higher yields and strong equity markets are but a few of the factors weighing on the gold market right now.
Read moreGold Shrugging Off Rise In ISM Servivce-Sector Data
(Kitco News) – Gold prices are attempting to hold on to modest gains as the U.S. service expanded at a faster rate than expected last month, according to the latest data from the Institute of Supply Management (ISM).
Read moreOCBC Bank Sticking With $1,200 Gold Call
Despite getting a boost Thursday, analysts at OCBC Bank say they’re sticking with their bearish gold call for year end.
Mining License Suspended For Tahoe’s Big Escobal Silver Mine
A provisional Guatemalan court ruling has resulted in the suspension of the mining license for Tahoe Resources Inc.’s (TSX: THO, NYSE: TAHO) flagship Escobal mine, the company reported late Wednesday.
U.S. Weekly Jobless Claims Rise By 4,000 To 248,000
Kitco News reports on U.S. weekly initial jobless claims for week to July 1
Read moreGold Firmer; ADP Jobs Number Mildly Supportive
Gold prices are holding modest gains in early U.S. trading Thursday, following a slightly downbeat U.S. ADP jobs number.
Read moreGold Prices Jump After ADP Highlights Slowing Private-Sector Employment
(Kitco News) – The gold market is seeing renewed momentum, pushing higher after private-payrolls processor ADP reported a slowdown in private-sector job growth last month.
Read moreGold Erases Daily Losses After FOMC Minutes, North Korea Tensions
Gold prices continued to rebound during the opening hours of the Asian session on Thursday, completely reversing the losses from Wednesday, as traders digested the FOMC meeting minutes and North Korea tensions.
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