Centerra Gold’s 1Q Earnings Triple From Year Ago
Centerra Gold Inc. (TSX: CG) announces net earnings of $57 million, or 20 cents per share, on revenues of $285.3 million in the first quarter.
Read morePfizer reports Q1 profit beat, revenue miss
Pfizer Inc. PFE, -1.04% reported a first-quarter profit beat and revenue miss early Tuesday. Earnings for the latest quarter rose to $3.12 billion, or 51 cents per share, from $3.04 billion, or 49 cents per share, in the year-earlier period. Adjusted earnings-per-share were 69 cents, compared with the FactSet consensus of 67 cents. Revenue rose to $12.78 billion from $13.01 billion, compared with the FactSet consensus of $13.09 billion. Pfizer said its latest results were affected by one less U.S. selling day and two fewer international selling days, compared to the year-earlier period. The latest results include some legacy operations from Hospira Infusion Systems, which Pfizer completed the sale of to ICU Medical ICUI, +0.91% in early February. Pfizer shares have surged 6.5% over the last three months, compared with a 4.7% rise in the S&P 500 SPX, +0.17%
China’s Gold Imports Surge 65% As Production Falls 9% In Q1
Chinese gold imports jumped 64.5% on an annual basis in Q1 2017, while the production of the yellow metal tumbled 9.3%, as the world’s top gold producer and consumer phased out older production facilities and miners faced lower gold prices, this according to a statement released by the China Gold Association (CGA).
SPDR GLD Gold Holdings Rise More Than 21 Tonnes In April
SPDR Gold Shares (NYSE: GLD), the world’s largest physical gold ETF, added 21 tonnes of gold in April, following an outflow of 9 tonnes in March.
U.S. Mint Gold, Silver Bullion Sales Down More Than 50% So Far This Year
(Kitco News) – A more than 3% rally in gold that helped push prices to a five-month high last month created a significant drag on U.S. Mint coin sales.
Read moreGold Slumps To 3-Week Low As U.S. Equities Continue To Climb
Gold prices were ending the U.S. day session lower and scored a three-week low Monday.
Read moreHedge Funds Buy Gold For Sixth Straight Week But Demand Is Cooling – Analysts
(Kitco News) – Hedge funds continued to buy gold for the sixth consecutive week despite the market’s recent failure to break above $1,300 an ounce and diminished “risk-off” investor sentiment.
Gold Prices See Modest Rise Following Miss In ISM Manufacturing Index
(Kitco News) – Gold prices are see a modest boost Monday following a drop in momentum in the U.S. manufacturing sector, according to the latest data from the Institute for Supply Management (ISM).
Read moreStandard: Gold To Consolidate, Tracking Treasury Market
Standard Chartered looks for gold prices to consolidate in the foreseeable future
Read moreGold Hunkers Down In “Wait And See Mode”
Gold prices slid slightly lower in pre-market trading Monday.
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