Gold Prices Remain Below $1,300 Following Rise In Weekly Jobless Claims
(Kitco News) – A stronger-than-expected rise in U.S. weekly jobless claims is having only a limited impact on gold as the market remains below the $1,300 an ounce level.
Read moreGold Backs Off On Profit Taking, Brexit News
Gold prices are trading solidly lower in early U.S. dealings, on a corrective, profit-taking pullback from this week’s good gains that pushed prices to a five-week high on Wednesday.
Gold Down 2% Against Pound On BOE Standing Pat, Brexit Obstacles
(Kitco News) – After hitting its highest level in a month, breaching $1,300 an ounce, gold is seeing broad-based weakness against most major world currencies Thursday, with the selloff being led by a surging British pound.
Read moreGold Falls On Possible New Brexit Vote
Gold failed to hold the $1,300 level at close, however, the Asian market bought aggressively at their open to push gold to yesterday’s intra-day high of around $1,308.
Torex Posts Quarterly Profit As Ramp-Up Continues
Torex Gold Resources Inc. (TSX: TXG), which completed its second quarter of commercial production on Sept. 30, reports net income in the third quarter of $23.6 million, or 30 cents per share.
Read morePound leaps after court delivers blow to U.K.’s Brexit plan
The pound jumped to an almost four-week high against the dollar on Thursday after a U.K. high court ruled the government can’t trigger the Brexit process without approval from parliament.
Gold Jumps In Reaction To FOMC Holding Pat. Dollar And Oil Fall
When is a non-rate hike a rate hike? Today, the Federal Reserve decided not to raise rates in the “obscure” November meeting but left December on the table.
Gold Pushes Above $1,300 On Trump, Charts, USDX, Then Backs Off Highs
Gold prices were higher but well off their daily highs in late-afternoon trading Wednesday.
Read moreGold Hovers Near $1,300 As Fed Waits For December
(Kitco News) – After trading at its highs for most of the session, gold is holding on to its gains with prices holding above $1,300 an ounce as the Federal Reserve leaves the door open for a rate hike in December.
Read moreVote Now In The Kitco Weekly Gold Survey
(Kitco News) – Where do you think gold prices are going next week? Vote now in the Kitco News Wall Street vs Main Street weekly gold survey.
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