Commerzbank: Swiss Gold Exports To India Rise; Indian Prices Back To Premium
Commerzbank cites signs of improving physical gold demand in India, including increased shipments to the country from Switzerland and a premium in Indian gold prices.
Read moreGold Volatile In European Markets As ECB’s Draghi Provides No Guidance On QE Program
(Kitco News) – Gold in euro terms saw increased volatility Thursday after European Central Bank President Mario Draghi did not provide any guidance on a potential expansion of the monthly bond-purchase program. The comments came after the ECB left int…
Read moreGold Slightly Up, Lifted By Downbeat U.S. Jobless Claims
Gold prices are modestly higher in early U.S. trading Thursday. A slightly downbeat U.S. weekly jobless claims report that showed a rise in claims is helping out the precious metals bulls.
Read moreU.S. Weekly Jobless Claims Rise By 13,000 To 260K
(Kitco News) – First-time weekly jobless claims in the U.S. rose 13,000 to a seasonally adjusted 260,000 during the week to Saturday, the Labor Department said Thursday.
Read morePhiladelphia Fed Manufacturing Index Falls To 9.7 In October
The Philadelphia Federal Reserve reports that its headline index for current activity in its manufacturing survey eased to 9.7 in October from 12.8 last month. Expectations were for a 5.5 to 7.0 reading.
Read moreTurquoise Hill Expects To Hit 2016 Guidance Even Though 3Q Output Falls
Turquoise Hill Resources (TSX, NYSE: TRQ) reports a decline in third-quarter gold and copper output but still expects to reach its 2016 guidance for the Oyu Tolgoi mine
Read moreAre Americans Better Off Today? Yes, Says Ben Bernanke
Former Fed chair Ben Bernanke thinks Americans are better off today than they were a decade ago.
Read moreECB Leaves Interest Rates Unchanged
(Kitco News) – As expected the European Central Bank left interest rates unchanged Thursday.
Read moreGold Moves Higher While Dollar Finishes Steady
Early in the trading day the U.S. dollar rose against the euro on speculation that during the current European Central Bank meeting, the bank’s head, Mario Draghi, will push back hard against a cadre that wants to start “tapering” asset purchases. Howe…
Read moreGold Still Attractive Investment, Prices To Rally To $1,420 In Q4 – Sucden
(Kitco News) – Although one international trading firm says gold might have a little farther to fall as the market prepares for an interest rate hike at the end of the year, its 2016 uptrend remains in place.
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