Deutsche Bank To Pay $60 Million To Settle Gold Manipulation Lawsuit
(Kitco News) – Deutsche Bank has agreed to pay $60 million to settle allegations of gold price-fixing allegations, this according to a preliminary settlement filed Friday in the U.S. District Court in Manhattan.
Read moreSierra Metals: New Hoist At Mascota To Be Operational Soon
Sierra Metals Inc. (TSX: SMT) reports that a new hoist should be in operation by the end of the week at its Mascota shaft in Peru.
Read moreINTL FCStone: Dollar, Rates To Be December Headwinds For Gold
INTL FCStone looks for gold to struggle during December due to a stronger U.S. dollar, prospects for rising interest rates and buoyant U.S. equities.
Read moreGold Down As Marketplace Shrugs Off Italian Referendum “No” Vote
Gold prices are moderately lower and hovering near last week’s 10-month low in early U.S. trading Monday.
U.S. Election: Redux
The trading pattern for gold mirrored that of the U.S. election, after the resounding defeat of the Italian referendum.
Read moreGold Seeing Modest Gains After Italian PM Concedes Defeat In Referendum
(Kitco News) – Volatility in the gold market is seeing a minor rise as Italian citizens voted down proposed reforms to the constitution, causing the euro to slide to its lowest point in almost two years.
Read moreTwenty-Four Days into a New America
Years from now, historians will put into perspective the transitional changes that began a mere twenty-four days ago.
Read moreGold To Focus On U.S. Dollar But Keeping An Eye On Italy – Analysts
(Kitco News) – Gold prices are preparing to end its fourth consecutive week in negative territory, but the outlook from analysts is mixed on whether or not the yellow metal will find some relief next week, from a weaker U.S. dollar and growing event risk sentiment rises ahead of Italy’s constitutional referendum.
Main Street Remains Bearish On Gold; Wall Street Still Bullish
For the second week in a row, Main Street retail investors are pessimistic about gold’s direction over the next week, while Wall Street is bullish, according to the weekly Kitco News gold survey.
Gold’s Going Back To $1,300, Silver To $19 – Commerzbank
Gold investors breathed a small sigh of relief Friday as the metal bounced back from 10-month lows hit earlier in the week, and one German-based bank expects this “upward trend” to continue into next year.