Investors Ignoring Risks As They Unload Their Gold Bets – Capital Economics
(Kitco News) – The gold market continues to give up its Brexit gains but one company remains positive on prices as Tuesday’s 3% drop was counter-intuitive to the growing uncertainty in the marketplace.
Gold Ends Steady-Weak After Tuesday’s Big Downdraft
Gold prices ended the U.S. day session near unchanged to slightly lower Wednesday, on some mild follow-through pressure from the strong losses absorbed Tuesday.
Read moreGold Loses Altitude, Hits Fresh 3.5-Mo. Low, Following Strong U.S. Data
Gold prices have erased moderate early gains to trade slightly lower and at a new 3.5-month low in late-morning dealings Wednesday. The September U.S.
Read moreGold Prices Struggling After Strong ISM Non-Manufacturing Data
(Kitco News) – After being in positive territory for most of the early morning, gold is seeing some renewed selling pressure as data shows the U.S. service sector is growing at a faster pace than expected.
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.
Read moreCredit Suisse Remains Constructive On Gold
Credit Suisse remains constructive on gold even after the steep decline in prices Tuesday.
Read moreGold Sees Corrective Bounce From Tuesday’s Drubbing
Gold futures prices are moderately higher Wednesday, on a corrective rebound following the strong losses Tuesday. Prices hit a 3.5-month low overnight.
Read moreGold Higher After Weaker Than Expected ADP Employment Data
(Kitco News) – Gold prices are seeing renewed momentum as private employment data show weak growth in the U.S. in the labor market.
Read moreAndrew Woodley To Oversee Newmont’s North American Business
Andrew Woodley will lead Newmont Mining Corp.’s (NYSE: NEM) North America business beginning Jan. 2, the company says.
Read moreWorld Stock Markets Mixed; Potential Central Bank Moves Remain In Focus
(Kitco News) – Asian and European stock markets were mixed Wednesday. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.