Bargain Hunters Test Gold Market As December Rate Hike Priced In – Analysts
(Kitco News) – The gold market is seeing some modest buying Thursday, despite increasing expectations of a U.S. rate hike in December.
Read moreAndrew Quinn Appointed LBMA Non-Executive Director
Andrew Quinn has been appointed as a non-executive director of the London Bullion Market Association, the organization reports.
Read moreFortuna: Year-To-Date Silver, Gold Output Ahead Of Plan
Fortuna Silver Mines Inc. (TSX: FVI: NYSE: FSM) says third-quarter production from the San Jose Mine in Mexico and Caylloma Mine in Peru totaled 2.1 million ounces of silver and 14,111 ounces of gold
Read moreGold Shakes Off Stronger-Than-Expected Weekly Jobless Claims
(Kitco News) – The gold market is holding its own as prices remain in positive territory following strong-than-expected weekly labor market data.
Read moreGold Up On Short Covering, Bottom-Picking, Weaker Dollar
Gold prices are moderately higher in early U.S. trading Thursday, supported by some more short covering in the futures market and perceived bargain-basement buying in the cash market.
Read moreFirst Majestic Posts Record Silver Output In 3Q
First Majestic Silver Corp. (NYSE: AG; TSX: FR) posted record silver production in the third quarter of 3.1 million ounces, a 20% gain from 2.6 million in the same period a year ago and a 9% gain from the second quarter, the company said Wednesday.
Read moreGlobal Stock Markets Weaker On Downbeat Economic Data From China
(Kitco News) – World stock markets were mostly weaker Thursday, pressured by weak economic data coming out of China, the world’s second-largest economy, and by lower raw commodity markets.
Not Much New in FOMC Minutes. Gold Gains as Dollar Weakens
The hawks’ argument goes something like this: Raise rates now and slow the economy so the Fed does not have to raise rates more vigorously later and possibly cause a recession.
Gold Steady-Weak After FOMC Minutes; Outside Markets Limit Upside
Gold prices were trading modestly lower in early afternoon U.S. trading Wednesday, in the aftermath of the September FOMC minutes report that did not contain significant markets-moving details.
Read moreIn Delayed Reaction, Gold Now In Positive Territory Following Sept Fed Minutes
(Kitco News) – Gold prices remain in negative territory after of the September Federal Open Market Committee meeting highlight a close call between central bankers on the timing of the next interest rate hike.
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