Gold, Silver End Sharply Up, Suggesting Near-Term Lows In Place
(Kitco News) – Gold and silver prices ended the U.S. day session sharply higher Thursday. The precious metals bulls are revived after a two-week meltdown in prices.
Read moreNTR Metals Manager Implicated In South American Gold Smuggling Plot – Report
A manager at an American metals-refining company was allegedly charged with aiding a gold smuggling network that involved illegal mines run by criminals in South America, Bloomberg reported, citing a criminal complaint.
Read moreGold Remains Underpinned After Fed Rate Hike
Gold has moved back above some key technical-chart points in the rally since the Federal Reserve was not seen as overly hawkish in commentary Wednesday despite upping U.S. interest rates.
Read moreGold Ignores Mixed U.S. Housing Data
(Kitco News) – Mixed U.S. housing market data had little impact on gold prices as the market continues to focus on the “gradual rise” the Federal Reserve sees for interest rates.
Gold, Silver Sharply Up Amid Bullish Outside Markets
(Kitco News) – Gold and silver prices are sharply higher in early U.S. trading Thursday. The precious metals bulls have been revived after a two-week meltdown in prices.
Read moreU.S. Weekly Jobless Claims Fall 2,000 To 241,000
(Kitco News) – U.S. initial jobless claims fell by 2,000 to a seasonally adjusted 241,000 in the week to Saturday, the Labor Department said Thursday. This was near consensus forecasts for around 240,000 claims.
Philly Fed Manufacturing Index Falls Less Than Expected In March
(Kitco News) – The index for current general activity in the Philadelphia Fed’s manufacturing business outlook survey declined less than expected to 32.8 in March from 43.3 in February, the regional central bank reported Thursday.
B2 Gold Reports 4Q Profit, Record 2016 Gold Output
B2Gold Corp. (TSX: BTO: NYSE MKT: BTG) reports higher earnings as gold output rose in the fourth quarter, with the company achieving record output for full-year 2016.
Gold Investors Find Confidence In “Quite Low” Neutral Interest Rates
(Kitco News) – With one rate hike out of the way, the Fed is keeping a steady hand on the tiller maintaining its forecast for three moves in 2017 and according to some analysts, gold investors are feeling a little more confident as Fed Chair Janet Yellen confirmed that the “neutral rates will be quite low.”