Commerzbank: Gold ETF Holdings Rise After Seven Daily Outflows
Investors finally were net buyers of global gold exchange-traded funds Monday after they had been net sellers for more than a week, reports Commerzbank.
Read moreEuropean Stocks Drift Lower, Pound Tumbles in Cautious Pre-Fed Trading
European stocks traded cautiously Tuesday as investors kept a close eye on global bond and currency markets ahead of a full schedule of central bank interest rate decisions later this week.
Read moreHedge Funds Take Profits In Gold Ahead Of Expected Fed Rate Hike
(Kitco News) – Hedge funds have been quick to take profits in gold and silver ahead of the March 15 Federal Reserve monetary policy decision, according to the latest trade data from the Commodity Futures Trading Commission.
Read moreGold, Silver See Tepid Bounces In Quiet, Pre-FOMC Trading
Gold and silver prices ended a quieter U.S. day session slightly up Monday.
Read more4 Factors That Could Spark A Gold Rally This Week
Gold bulls are battling back Monday morning. Since marking out a minor top at $1,264.90 on Feb. 27, April Comex gold futures slid lower as the market priced in expectations for an interest rate hike from the Federal Reserve this week.
Read moreStrike Begins At Hecla’s Lucky Friday Mine In Idaho
Workers went on strike Monday at Hecla Mining Co.â??s (NYSE: HL) Lucky Friday mine in Mullan, Idaho, the company announced.
Citi: European Election Risks Could Limit Gold’s Downside
Gold futures have been pressured lately by expectations for higher U.S. interest rates, but the downside may be limited by uncertainty about approaching European elections, say Citi analysts.
Read moreGold, Silver See Corrective Bounces From Recent Selling Pressure
Gold and silver prices are modestly higher in early U.S. trading Monday.
Read moreTreasury Bonds Yields Nearing 52-Week Highs as Comex Gold Falls Below 50-Day Moving Average
Last week, was a week without new highs for the five major equity averages, as the focus shifts to the “Ides of March” as the Federal Reserve sets to raise the federal funds rate to 1.00%. The sideways action left Dow transports and Russell 2000 with n…
Read moreEcuador Sees $3 Billion Flowing Into Mining Sector With Three Years
(Kitco News) – After only two years of promotions, Ecuador has made strong progress in establishing itself as a mining destination, according to the country’s Minister of Mining.