Soros Exits Barrick Holdings In 4Q; Paulson Trims Gold Position
Soros Fund Management LLC sold its shares of Barrick Gold Corp. (NYSE, TSX: ABX) in the fourth quarter after the fund had more than doubled its Barrick holdings in the previous quarter, according to filings with the U.S. Securities and Exchange Commiss…
Read moreEvery Meeting is Live
As a signal of intent, Federal Reserve Chairwoman Janet Yellen said, “Every meeting is live,” in testimony to the Senate Banking Committee today.
Roses Last A Few Days, But Gold-Dipped Ones Last Forever
To all those last-minute shoppers, gold-plated and silver-plated roses are now available on the market.
Read moreGold Slightly Lower As Greenback Rallies On More Hawkish Yellen
Gold prices were ending the U.S. say session slightly down Tuesday, pressured by a stronger U.S. dollar index that was supported by hawkish comments from Federal Reserve Chair Janet Yellen.
Read moreGold Slips Below Unchanged As Yellen Testifies, U.S. Dollar Rallies
Gold prices have fallen to modestly lower levels on the day in late-morning trading Tuesday, in response to perceived hawkish U.S. monetary policy comments from Federal Reserve Chair Janet Yellen.
Read moreYellen: U.S. Fiscal Policies Could Alter Fed’s Actions, But Rate Hikes Are Likely
Fed Chair Yellen: New U.S. Fiscal Policies Could Alter Fed’s Future Actions, But Upcoming Rate Hikes Are Likely
Read moreOceanaGold Receives Suspension Order For Didipio Mine
OceanaGold Corp. (TSX, ASX: OGC) reports that it received an order from the Department of Environment and Natural Resources Tuesday calling for the suspension of Didipio operations in the Philippines.
Read moreMarkets Edgy On Flynn Resignation And Yellen Testimony
Gold held the $1,220 level yesterday and some overnight flux, with the resignation of Trump’s national security advisor, Michael Flynn, caused some rotation out of the dollar.
U.S. Producer Price Index Rises 0.6% During January
U.S. producer prices for finished goods rose by a seasonally adjusted 0.6% in January, the government said. Comex April gold pared its gain modestly, still trading up $7.90 to $1,233.70 an ounce.
Read moreCIBC: Yellen Makes ‘Nod’ To Tightening But Takes ‘Middle Of The Road’
Federal Reserve Chair Janet Yellen tried to “walk down the middle of the road” although her prepared remarks to a Senate panel Tuesday morning at least hinted at further tightening of monetary policy