Gold Extends Early Gains To Trade Sharply Higher As U.S. Dollar Sags
(Kitco News) – Gold prices are trading sharply higher and near the daily high in late-morning action Tuesday.
Gold Holding Strong Gains Following Drop In Consumer Confidence
(Kitco News) – Gold prices remain near highs following a slightly weaker-than-expected reading U.S. consumer confidence.
Read moreDec. Trading Volume In Gold, Silver Rise As Prices Fall – LBMA
(Kitco News) – Trading activity in gold and silver rose in the final month of 2016 as investors continued to take advantage of lower prices, according to the latest clearing statistics from the London Bullion Market Association (LBMA).
Read moreTDS: Gold ‘Not Out For The Count Just Yet’
Gold weakened last week but is “not out for the count just yet,” says TD Securities, suggesting investors are still buying the yellow metal as a hedge and gold could climb to $1,225 before long.
Detour: Permit Issues Push Back Timing Of West Detour Project
Detour Gold Corp. (TSX: DGC) reports that permitting issues are pushing back the West Detour project. The company says “it is no longer reasonable” to assume that required permits will be obtained in time to allow mining to begin in January 2018, as outlined in the current mine plan
U.S. Speaks Out Again
(Kitco News) – Gold managed to touch the $1,202 level in early Far East markets, in response to yesterday’s selling in the equity space.
Gold Rallies On Safe-Have Demand; Silver Hits 2.5-Mo. High
(Kitco News) – Gold prices are posting good gains in early U.S. trading Tuesday. Safe-haven demand amid some world stock market jitters just recently is featured in gold. Meantime, silver futures pushed to a 2.5-month high today as the bulls have gained fresh technical strength.
The Week That Is
In his first week in office, President Donald Trump addressed many of the issues needed to boost the economic revitalization currently taking place. For the most part, the corporate community, as well as investors and traders, saw this as a positive m…
Read moreGold Up On Short Covering, Some Safe-Haven Demand
(Kitco News) – Gold prices ended the U.S. day session moderately higher on a corrective rebound from recent selling pressure that saw prices hit a three-week low last Friday. A lower U.S. dollar index on this day also aided the precious metals market bulls. There was even a bit of safe-haven demand seen in the gold market. April Comex gold was last up $7.30 an ounce at $1,198.30. March Comex silver was last down $0.001 at $17.135 an ounce.
Hedge Funds Attracted To Silver, Cool Off On Gold
(Kitco News) – The silver market is attracting investor attention as hedge funds pick the grey metal over gold, according to the latest trade data from the Commodity Futures Trading Commission.
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