U.S. Producer Price Index Rises 0.3% During December
The index of U.S. producer prices for final demand rose by a seasonally adjusted 0.3% in November, which was in line with expectations, according to a Labor Department report.
Read moreGold Sees Modest Selling Pressure After Mixed Retail Sales Numbers
(Kitco News) – Gold prices are seeing only modest selling pressure, falling slightly below $1,200 an ounce as data show mixed consumer spending, during the Christmas holiday shopping season.
Read moreGold Experiences Some Profit Taking
Gold looked a little toppy yesterday and some profit taking was to be expected on gold’s first try to conquer the $1,200 print.
Gold Sees Mild Corrective Pullback From Recent Gains
Gold prices are modestly lower in early U.S. trading Friday, on downside correction after hitting a six-week high on Thursday.
Read morePan American 2016 Silver Output Within Revised Guidance
Pan American Silver Corp. (Nasdaq: PAAS; TSX: PAA), one of the world’s largest primary silver producers, reported late Thursday that last year’s preliminary output of the metal was within the company’s revised expectations announced in November.
Trump Tussles Market
In his first press conference as President-elect, Donald Trump’s words shook up the financial markets.
Central Bank To Continue Buying Gold In 2017 But At A Slower Pace – Capital Economics
(Kitco News) – While central banks remain net buyers of gold, one research firm is expecting the pace of purchasing to continue its slowing trend in 2017.
Read moreGold Firmer, At 6-Wk High, As Bulls Continue To Gain Strength
Gold prices ended the U.S. day session modestly up but down from the daily high as some late profit-taking set in after prices hit a six-week high and moved above the key $1,200.00 level in earlier trading Thursday.
Read moreWhen It Comes To Gold’s Rally, It’s All About Trump
Gold has been moving higher, especially as the U.S. dollar loses steam. But, one precious metals analyst suggests the yellow metal may be about to lose momentum, at least over the short term.
Read moreGoldcorp Agrees To Sell Los Filos, Cerro Blanco Assets
Goldcorp Inc. (TSX: G, NYSE: GG) has announced the sale of two assets – the Los Filos Mine in Mexico and the Cerro Blanco gold-silver project in Guatemala.