Gold Rallies To 4-Week High On Slumping U.S. Dollar, New Uncertainty
Gold prices ended the U.S. day session solidly higher Thursday, boosted by a sharply lower U.S. dollar index and some new uncertainty injected into the marketplace following Wednesday’s minutes from the Federal Reserve’s Open Market Committee (FOMC).
Gold Hits One-Month High; Needs To Push Above $1,200 To Attract New Money – Saxo Bank
(Kitco News) – Although gold is starting the year on a positive note, pushing well above a key retracement point, one commodity analyst says that more work still needs to be done.
Read moreGold Extends Early Gains As U.S. Dollar Index Sharply Lower
Gold prices are solidly higher, at a four-week high, and near the daily highs in late-morning action Thursday.
Read moreGold Prices Push Above 1% Gains Following ISM Data
(Kitco News) – Gold prices are hold on to 1% gains Thursday despite stronger-than-expected growth in the U.S. service sector.
Read moreGold Sees Strong Start To 2017 But Momentum Won’t Last – ABN AMRO
(Kitco News) – While gold is starting the new year on a strong note, one international bank remains skeptical that the market can hold on to its gains past January.
Read moreAlamos Gold Receives Forestry Permits for Kirazli Project
Alamos Gold Inc. (TSX, NYSE: AGI) reports that it has received the forestry permits required for the development of its Kirazli gold project from the Forestry General Directorate in Turkey.
Read moreU.S. Weekly Jobless Claims Fall 28,000 To 235,000
Initial weekly U.S. jobless claims fell by 28,000 to a seasonally adjusted 235,000 in the week to Saturday, with the tally well below market expectations, according to a Labor Department report Thursday.
Read moreFed Identifies Risks
Gold’s action was muted after the release of the Fed minutes yesterday, but the Far East had no hesitation in pushing the metal higher.
Read moreGold At 4-Week High Amid U.S. Dollar Weakness, New Uncertainty
Gold prices are moderately higher in early U.S. trading Thursday, boosted by a lower U.S. dollar index and some new uncertainty injected into the marketplace
Read moreMKS: Gold Boosted By Softer Dollar, Chinese Demand
Gold built on recent gains in overnight Asian-Pacific trade as the U.S. dollar eased, with the precious metal hitting a four-week high.
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