Citi: South African Mining-Charter Changes Are ‘Investment Negative’
Changes to South Africa’s charter for mining companies are “investment negative,” as social costs of mining in the country are likely to keep rising, said Citi analysts Thursday.
New York Manufacturing Sentiment Hits 2-Year High – New York Fed
(Kitco News) – The manufacturing sector in the New York region is seeing renewed momentum as sentiment rises to its highest level in two years, according to the latest survey data from the New York Federal Reserve.
Read moreGold Market Ignores 8K Drop In Weekly Jobless Claims
(Kitco News) – Gold prices remain under strong selling pressure and see litle reaction as initial weekly U.S. jobless claims dropped by 8,000 a seasonally adjusted 237,000 in the week to Saturday, the government said. This was less than consensus fore…
Read morePhiladelphia Fed Manufacturing Index Falls To 27.6 In June
Kitco News reports on Philadelphia Federal Reserve business index for June
Read moreStandard Chartered: FOMC-Led Cycle Lows In Gold Are Rising
Standard Chartered says the cycle lows, after U.S. Federal Open Market Committee rate hikes, are rising, with Fed policy to decide gold’s future direction.
Gold Hits 3-Week Low On Hawkish Fed, Bearish Outside Markets
Gold prices are solidly lower and hit a three-week low in early U.S. trading Thursday, in the wake of the latest FOMC meeting that saw a U.S. interest rate increase.
Read moreGold Bulls Don’t Have Anything To Worry About
Gold bulls have nothing to worry about when it comes to the slightly more hawkish Federal Reserve (Fed) announcement on Wednesday, this according to one Australian economist, who remains optimistic about where gold prices are heading.
Read moreGold Can’t Withstand Yellen’s Inflation Comments, Gives Up Daily Gains
(Kitco News) – The gold market was able to resist a fairly optimistic Federal monetary policy statement, but was unable to hold its daily gains after what appeared to be hawkish comments from the Fed Chair Janet Yellen.
Read moreGold Sinks As Traders Digest FOMC Statement, Yellen Remarks
The gold market saw early price gains erased and fresh selling pressure develop in afternoon dealings
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