Jobs Data Neutral For Gold Market
Job’s data was neutral with September U.S. non-farm payrolls coming in at 156,000.
Gold Bounces, Helped By Friendly U.S. Jobs Report
Gold and silver futures prices are modestly higher in early U.S. trading Friday, on a corrective technical bounce from recent strong selling pressure that drove both markets to four-month lows on Thursday.
Read moreU.S. Economy Created 156K Jobs, Coming In Weaker Than Expected
(Kitco News) -Gold prices remain in positive territory Friday as the U.S. economy saw weaker job growth than expected last month, according to the latest data from the Labor Department.
Read moreCoeur Mining Upwardly Revises 2016 Production Outlook
Coeur Mining, Inc. (NYSE: CDE) raised its 2016 output guidance late Thursday after reporting production for the third quarter.
Read moreGoldman Sachs: Gold Slump Below $1,250 Would Be ‘Strategic Buying Opportunity’
(Kitco News) – Goldman Sachs analysts say they would view a significant fall in gold below $1,250 an ounce to be a “strategic buying opportunity” due to risks to the global economy and the ability of central banks to respond to any “shocks.”
Big, Unexpected Drop in British Pound Unsettles Marketplace; U.S. Jobs Data On Deck
(Kitco News) – World stock markets were mostly lower Friday, ahead of the key U.S. jobs report that is due out at 8:30 a.m. eastern time. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.
Data in Driver’s Seat as Gold Continues Tumble
New weekly unemployment claims came in lower than analysts had forecast, generating more sentiment that says interest rates will be rising as soon as politically expedient.
Read moreAn Insider’s Take on Gold Manipulation Case
This week, a New York judge said there is validity behind gold market manipulation in a class action lawsuit involving five banks accused of manipulating gold prices through the twice-daily London Fix.
Read moreGold, Silver Slump To 4-Mo. Lows As Selling Onslaught Continues
Gold and silver futures prices ended the U.S. day session solidly lower Thursday, with both markets hitting four-month lows. A rallying U.S. dollar index and upbeat U.S. economic data this week continue to produce selling in the precious metals markets…
Read moreCouldn’t Be A Better Time To Buy Gold – WGC
(Kitco News) – While some gold investors are running for the hills as speculation of higher global interest rates grips the marketplace, one consultancy group is trying to put broader monetary policy into perspective.
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