Gold Extends Early Losses To Trade Sharply Lower, Hits 5-Mo. Low
The gold market has seen selling pressure accelerate in mid-morning dealings Friday. Prices have dropped to a five-month low on technical selling pressure and amid an improved risk appetite among traders and investors worldwide late this week.
Read moreNewmont To Hit Commercial Production At Long Canyon
Newmont Mining Corp. (NYSE: NEM) has poured the first gold from Long Canyon ore and expects to declare commercial production next week, the world’s second-largest gold producer reported Frida
Gold Weaker As World Marketplace More Optimistic
Gold prices are moderately lower and hit a four-week low in early U.S. trading. The â??Trump rallyâ? in world stock markets late this week and ideas world economies will pick up some momentum in the coming months are working against the safe-haven metal.
Citi: Bullion Now May Be At Risk If Yields Keep Rising After Trump Win
The price risk in bullion now may be skewed to the downside into 2017 if U.S. yields continue to back up and the U.S. dollar remains bid under a Trump administration, says Citi Research. The bank concedes that gold’s price decline since the election has gone against what most observers expected in the event of a Trump win.
Dollar gains as U.S. rate expectations shift higher
The dollar traded mostly higher against chief rivals Friday on expectations that any fiscal stimulus implemented by President-elect Donald Trump would lead to a faster pace of U.S. rate increases.
Read morePendulum Swings Against Gold, Toward Silver & Equities
As the United States strides back to equilibrium after fretting over the presidential elections, gold plunged another 1.65% today.
Read moreSLW CEO: Streaming Cos. Offer Shared-Risk Advantage As Mine Development Picks Up
Mining companies are picking up efforts to find and develop new projects as the prices of metals improve, says the chief executive of streaming company Silver Wheaton Corp. (TSX, NYSE: SLW).
Read moreGold Ends Down Amid Risk-On Attitudes, Bearish Outside Markets
Gold prices ended the U.S. day session moderately lower and hit a three-week low Thursday.
Read moreTrump-Win Proved that Risk Is Hard To Measure
(Kitco News) – Election polls majorly missed the mark on Donald Trump’s presidential victory, this now has some analysts wondering whether or not markets can accurately price in the risk of these events.
Dodd-Frank Needs to Disappear – Former Fed Chair Greenspan
(Kitco News) – “I’d love to see Dodd-Frank disappear,” said former Federal Reserve Chair Alan Greenspan on CNBC’s Squawk Box Thursday.