Now Is The Time To Acquire Gold Projects – Brent Cook
(Kitco News) – Gold prices are expected to struggle to the end of the year as the market prepares for the Federal Reserve to raise interest rates in December, but one mining analyst continues to see potential in the mining sector.
Read more5% Allocation In Gold Is Appropriate – Mohamed El-Erian
(Kitco News) – Gold can play an important role for investors in a world that continues to face low and negative interest rates, according to one renowned economist.
Read moreCiti: Chinese, Indian Gold Demand Expected To Rise
Gold consumption per capita for key markets China and India are still relatively small, but are expected to rise, say analysts at Citi in a research note on their takeaways from last week’s London Bullion Market Association conference.
Goldman: Gold ETF Holdings Resilient; Soft Yuan May Spur Chinese Buying
Goldman Sachs analysts say they look for strategic holdings in gold exchange-traded funds to remain resilient, even though many positions are now “underwater” after the decline in prices earlier this fall.
Gold Holding Its Ground After Weaker Consumer Confidence Data
(Kitco News) – The gold market is holding on to it gains as U.S. consumers feel less optimistic in over the state of the economy.
Read moreGold Up On More Bargain Hunting, Short Covering
Gold prices are moderately higher in early U.S. trading Tuesday, supported by short covering in the futures market and perceived value-buying in the cash market.
Read moreFreeport McMoRan Returns To Profitability In Third Quarter
Freeport McMoRan Inc. (NYSE: FCX), the world’s largest copper-mining company but also a significant producer of gold and other natural resources, returned to profitability in the third quarter.
Gold Weakness Due to Dollar Strength. Silver Gains
Gold is off about $1.70 per ounce today, virtually all of that loss coming from dollar strength. Silver gained via regular trading strength, even with the high-dollar headwinds.
Read moreCould Crude Oil Be The Next Bullish Catalyst For Gold?
In case you haven’t noticed, the price of crude oil is bumping up against the $52 barrel per level –trading right around its 2016 highs.
Gold Ends Weaker In Choppy Action; Outside Markets Bearish
Gold prices ended the U.S. day session modestly lower in two-sided trading Monday.
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