RBC’s Gero: Comex Gold Open Interest, ETF Holdings Rise
Speculators in the futures market and exchange-traded-fund investors are continuing to return to the gold market, says George Gero, managing director with RBC Wealth Management.
Read moreStillwater Mining Posts 4Q Profit On Higher Sales, Prices
Stillwater Mining Co. (NYSE: SWC), which has agreed to be acquired by Sibanye Gold Ltd., Thursday reported fourth-quarter income of $6 million, or 5 cents per share.
Read morePhiladelphia Fed Manufacturing Index Rises To 43.3 In February
The index for current general activity in the Philadelphia Fed’s manufacturing business outlook survey rose to 43.3 in February from 23.6 in January, the regional central bank reported Thursday.
Gold Holding Up As U.S. Housing Starts Data Exceeded Expectations
Gold continues to hold up to early morning gains Thursday even as the latest U.S. housing data exceeded expectations.
Read moreGold Maintains Gain After U.S. Jobless Claims Rise 5,000 To 239,000
Gold remains higher after the government said Thursday that initial weekly U.S. jobless claims rose by 5,000 to a seasonally adjusted 239,000 last week. Comex April gold was last up $4.40 to $1,237.50 an ounce.
Read moreInflation Pickup Spurs Gold demand
Although Fed Chair Janet Yellen expressed a more hawkish bias, there is still skepticism that the Fed will move in March.
Read moreGold Higher Amid Bullish Outside Markets
Gold prices are moderately up in early U.S. trading Thursday, supported by a weaker U.S. dollar and U.S. stock indexes, and by firmer crude oil prices. April Comex gold was last up $5.40 an ounce at $1,238.20. March Comex silver was last up $0.067 at …
Read moreAgnico Eagle Reports 4Q Profit, Investment In Canadian Arctic
Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) late Wednesday announced a profitable fourth quarter and said the company was making a $1.2 billion investment to build one gold mine in Canada’s Arctic and expand another.
Kinross Reports 4Q Loss, But Production Rises
Kinross Gold Corp. (TSX: K, NYSE: KGC) reported a narrower loss in the fourth quarter as gold prices and production rose from a year ago.
Read moreUS Equities and Precious Metals, Both Trade Higher Today
Fueled by multiple factors, including statements made by Federal Reserve Chairwoman Janet Yellen and President Donald Trump, today traders witnessed multiple markets moving to higher ground.
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