Gold Holding Gains Following 6K Rise In Weekly Jobless Claims
(Kitco News) – Gold is maintaining its gains after the government said Thursday that initial weekly U.S. jobless claims rose by 6,000 to a seasonally adjusted 244,000 last week, relatively in line with expectations.
Read moreGold Solidly Up, at 3.5-Mo. High, On Safe-Haven Demand, Weaker USDX
Gold prices are posting good gains and have notched a 3.5-mongh high in early U.S. trading Thursday.
Read moreIamgold Corp. Posts Adjusted Profit In Fourth Quarter
Iamgold Corp. (TSX: IMG; NYSE: IAG) reversed to an adjusted profit in the fourth quarter as production rose while costs fell.
Read moreTight Trade, No Clarity, Specs Remain Sidelined
Metals traders are conflicted as to direction. A Fed March rate hike is certainly not baked into the market and should push metals lower if it occurs.
Read moreEuropean Stocks Rise as Earnings, German Economic Strength, Boost Sentiment
European stocks continued to advance Thursday as solid corporate earnings and better-than-expected full year economic data from Germany boosted risk sentiment in a week that has been dominated by political uncertainty.
Read moreGold Struggles But Firms Following the Release of the Fed Minutes
Gold prices had been struggling and trading roughly $3.00 lower this morning.
Read moreCan Gold Remain Resilient In The Face Of A Strengthening USD?
(Kitco News) -The U.S. dollar is seeing some renewed momentum but this could have limited impact on gold price in the near-term, according to some analysts.
Read moreGold Sees Some Profit Taking; Not Much Reaction To FOMC Minutes
Gold prices were modestly lower in late U.S. trading Wednesday. The just-released FOMC minutes said the Fed should probably raise interest rates soon
Read moreGold Relatively Unchanged As Fed Sees No Urgency To Raise Rates
(Kitco News) – Gold prices are holding steady but remain in solidly negative territory on the day as the Federal Reserve keeps its plans for the trajectory of interest rate hikes to itself.
Read moreMarket Obsession With Trump Will Be Good For Gold – VanEck
(Kitco News) – With the Federal Reserve shedding little light on its trajectory of rate hikes, the market has found a new obsession, which should be good for gold, according to one portfolio analyst.
Read more