Wall Street Turns Bearish, Eying Technical Damage To Gold Market
While there is still some bullish sentiment for gold among Main Street investors, analysts have turned slightly bearish on the yellow metal, with many highlighting the recent technical chart damage done to the market.
Read moreGold Firmer in Wake of Upbeat U.S. Jobs Report
(Kitco News) – Gold prices are seeing modest gains in the immediate aftermath of an upbeat U.S. jobs report. June Comex gold was last up $2.90 an ounce at $1,231.60. July Comex silver was last up $0.077 at $16.38 an ounce.
Read moreS&P 500 Futures Rise After U.S. Economy Adds 211,000 Jobs in April
S&P 500 futures were up 0.06%, Dow Jones Industrial Average futures fell 0.08%, and Nasdaq futures rose 0.06%.
Gold Shrugs Off 211K Gain In April Employment
(Kitco News) – Gold prices are bouncing around unchanged levels, seeing little reaction after the U.S. economy created more jobs than expected.
Read moreOsisko Royalties Reports 1Q Profit, Record Gold-Equivalent Ounces
Osisko Gold Royalties Ltd (TSX, NYSE: OR) reports first-quarter net earnings of C$4.1 million, or 4 Canadian cents per share
Read more‘Sell The Rumor, Buy The Fact’: Gold May Bounce Back After Macron Win
Gold prices might see a recovery following the widely-anticipated Emmanuel Macron’s win in the second round of the French elections this Sunday due to the classic traders’ behavior of ‘Sell the Rumor, Buy the Fact,’ this according to one analyst from Societe Generale.
First Majestic Silver Posts Q1 Profit Despite Lower Output
First Majestic Silver Corp. (NYSE: AG; TSX: FR) reported a net profit in the first quarter, helped by higher prices even though production fell.
Read moreGold Slumps To 6-Week Low As Crude Oil Tanking
(Kitco News) – Gold prices were ending the U.S. day session sharply down and hit a six-week low Thursday. Crude oil prices dropped to a nine-month low of $45.63 a barrel, which hit most of the raw commodity sector hard to the downside today, including …
Read moreInvestors Could Buy Gold On Dips – ABN AMRO
(Kitco News) – With the gold market attracting new bearish momentum and prices breaking through key support levels, one international bank remains optimistic, saying that any price drop could be seen as a buying opportunity.
Read moreB2Gold Reports 1Q Adjusted Profit; Output Above Budget
B2Gold Corp. (TSX: BTO; NYSE MKT: BTG; NSX: B2G) reports a small uptick in adjusted first-quarter net income, with gold output ahead of expectations.
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