Gold Extends Early Losses To Trade Solidly Lower, As U.S. Dollar Rallies
(Kitco News) – Gold prices have added on to early declines to trade solidly lower and back below $1,200.00 in mid-morning dealings Thursday.
ECB Remains Cautious On Growth As Global Uncertainty Remains – Mario Draghi
(Kitco News) – While it’s too early to determine the impacts of a Donald Trump U.S. presidency or Britain’s potential hard exit from the European Union, European Central Bank President Mario Draghi struck a cautious tone regarding the euro-zone economy Thursday.
U.S. Housing Starts Rise To 1.226 Million Units In December
U.S. housing starts rose 11.3% in December to a seasonally adjusted annual rate of 1.226 million units, topping consensus forecasts, according to a government report Thursday.
Read moreDrop In Weekly Jobless Claims Helping To Weigh On Gold Prices
(Kitco News) -Gold prices has lost further ground following data from the U.S. Labor Department showing that initial weekly U.S. jobless claims fell by 15,000 to a seasonally adjusted 234,000 in the week to Saturday.
Philadelphia Fed Manufacturing Index Rises To 23.6 In January
The January headline index for a survey of manufacturers in the Philadelphia area improved to 23.6 from a revised 19.7 in December, topping forecasts, according to a report released Thursday.
Read moreGold, Silver See Corrective Pullbacks From Recent Good Gains
Gold and silver prices are moderately lower in early U.S. trading Thursday, on downside corrections and some profit taking following recent good gains that have seen both markets hit two-month highs this week.
Read moreYellen Sings The Same Song
Gold sold off on comments from Fed Chair Janet Yellen indicating the Fed was looking at gradual rate increases through 2019.
Read moreSibanye: Antitrust Conditions Satisfied For Planned Stillwater Acquisition
South Africa’s Sibanye Gold Ltd. (JSE: SGL; NYSE: SBGL) says antitrust conditions have been satisfied for its agreement, announced last month, to purchase Montana-based platinum-palladium producer Stillwater Mining Co. (NYSE: SWC).
Gold Remains Under Pressure As ECB Leaves Rates Unchanged
(Kitco News) – Gold prices are relatively unchanged, weaker on the day as the European Central Bank left interest rates unchanged.
Read moreFederal Reserve Releases Report
Drawn from data collected on or before January 9, the Federal Reserve today released its latest economic report vis-à-vis the Central Banks Beige Book. Based upon data collected from the Fed’s 12 districts