U.S. Weekly Jobless Claims Rise 10,000 To 244,000
U.S. first-time jobless claims rose by 10,000 to a seasonally adjusted 244,000 in the week to Saturday, the Labor Department said.
Read moreB2Gold: 1Q Output Rises; Fekola On Track For Oct. Start
B2Gold Corp. (TSX: BTO; NYSE MKT: BTG; NSX: B2G) reports that first-quarter gold production was 132,736 ounces, which was 7,955 ounces above plans and 4,892 ounces higher than the same period in 2016.
Read moreGold Weaker Amid Less Risk Aversion This Week
Gold prices are slightly lower in early U.S. trading Thursday, as risk appetite in the world marketplace has up-ticked a bit this week, as evidenced by gains in most world stock markets.
Read moreRising Rupee Is Making Gold More Attractive In India – World Gold Council
The effect of climbing gold prices is diminished by rising rupee in India, which is creating opportunities for gold buyers who are looking for a good deal, this according to World Gold Council’s managing director for India, Somasundaram PR.
Read moreLooking For Gold: Iceland To Search For Precious Metal In Geothermal Areas
Iceland Resources is embarking on a search for gold in Icelandic geothermal areas with a two-year investment of about $1 million, Iceland Monitor reported.
Read moreGold Extends Losses After Beige Book
Gold settled lower on Wednesday, extending its decline following the release of a “moderately” positive Federal Reserve’s Beige Book.
Gold Down On Profit Taking, Bearish Outside Market Forces
Gold prices were ending the U.S. day session lower Wednesday. Risk aversion in the world marketplace has receded a bit at mid-week and that’s a negative for the safe-haven metal.
Fear Driving Markets, Just Look At Gold’s Premium Over Platinum Right Now
Gold’s more than $300 premium over platinum is another example that fear and uncertainty is driving demand in the marketplace, according to the latest report from OptionsXpress.
Where is Gold Headed? VOTE NOW!
(Kitco News) – Where do you think gold prices are going next week? Vote now in the Kitco News Wall Street vs Main Street weekly gold survey.
Read moreRisks Events Need To Evolve Into Something Bigger For Gold To Sustain Its Gains – CRU
(Kitco News) – There are enough isolated risk events on the horizon to keep gold supported in the short term and could eventually drive prices through $1,300 an ounce, but if these events don’t pan out, prices could end the year back near at $1,200 an ounce, according to one precious-metals analyst.