Gold Sees Modest Gains On Short Covering, Bargain Hunting
Gold prices ended the U.S. day session modestly higher on mild short covering in the futures market and some bargain hunting in the cash market, after prices fell to a 5.5-month low Monday.
Read moreGold Could See Headwinds For Next Two Years On Trump’s Infrastructure Plan
(Kitco News) – Gold prices have been hit fairly hard following Donald Trump’s surprise election victory as markets focus on expectations of increased fiscal-stimulus measures, and one analyst said that if this turns out to be accurate, then gold could remain weak for the next two years.
TD Securities: ‘Gold Is Down But Not Out’
Gold is “down but not out,” says TD Securities. After an initial spike higher a week ago when it became apparent Donald Trump would be the next U.S. president, the precious metal has since turned lower.
Hedge Funds Caught Off Guard As They Up Gold, Silver Bullish Bets Ahead Of U.S. Election
(Kitco News) – Hedge funds were caught on the wrong foot ahead of the U.S. presidential election, according to some commodity analysts, as the latest trade data from the Commodity Futures Trading Commissions showed an expansion of bullish gold bets ju…
Read moreAndy Cole Named General Manager Of Donlin Gold Project In Alaska
Co-owners Barrick Gold Corp. (TSX, NYSE: ABX) and NOVAGOLD Resources Inc. (TSX, NYSE MKT: NG) report that Andy Cole has been named general manager of the Donlin Gold Project in Alaska.
Read morePan American Silver Profit Rises During Third Quarter
Pan American Silver Corp. (Nasdaq: PAAS; TSX: PAA), one of the world’s largest primary silver producers, reported a rise in earnings during the third quarter, helped by lower costs and higher prices.
Gold Prices Holding On To Gains For Now Following Strong Rise In Retail Sales
(Kitco News) – Gold price are holding their ground and remain positive on the day following positive U.S. retail sales data.
Read moreEmpire State Manufacturing Index Rises To 1.5 In November
Empire State Manufacturing Index Rises To 1.5 In November
Read moreGold Sees Corrective Bounce After Recent Strong Selling Pressure
Gold prices are modestly higher on some short covering in the futures market and bargain hunting in the cash market, after prices fell to a 5.5-month low Monday.
Read more