U.S. Weekly Jobless Claims Rise 13,000 To 248,000
(Kitco News) – Initial weekly U.S. jobless claims rose by 13,000 to a seasonally adjusted 248,000 in the week to Saturday, the Labor Department said Thursday. The total was above forecasts.
Great Panther Silver Commissions Topia Processing Plant
Goldcorp Completes Sale Of Cerro Blanco
Read moreGold Sees Renewed Selling Pressure Following 253K Rise In Private Sector Jobs
(Kitco News) – The gold market remains under some technical selling pressure with momentum picking up slightly after a report showed that the private sector adds more jobs last month than economists were expecting.
Read moreSilver To Trade Above $20 In Q4 – Metals Focus
(Kitco News) – Silver prices will surge in the second half of 2017, jumping above $20, led by the Federal Reserve’s slow tightening of monetary policy, weaker U.S. dollar, and economic and political risks, according to The Silver Focus 2017 report.
Gold Looks Good As Equities, Bonds Are OverValued – Fund Manager
(Kitco News) – With equity markets struggling to find new momentum at record highs, one UK investment firm is recommending investors become a little more defensive, even increasing their exposure to gold.
Read moreGold Rallies On Bullish Charts, Weaker U.S. Dollar
(Kitco News) – Gold prices ended the U.S. day session with decent gains, hitting a four-week high and closed at a bullish monthly high close Wednesday, the last trading day of May.
Read moreSaxo Bank Has A Strategy For Gold Ahead Of ‘Dovish Rate Hike’
(Kitco News) – The gold market is headed for its first monthly decline since December, but one firm see potential for the yellow metal despite a looming U.S. interest-rate hike.
Read moreLBMA: April Gold Ounces Transferred Daily Are Most For Year To Date
The amount of gold and silver transferred between accounts of London Bullion Market Association members during April was the most for the year to date, the organization reported Wednesday.
Read moreGold Near Session Highs Following 1.3% Drop In U.S. Pending Home Sales
(Kitco News) – Just off its session highs, gold is holding on to most of its recent gains following the latest U.S. housing sector data that showed a further slowdown in purchases in coming months.
Read more