Physical Demand Waning For Gold, But Silver Is Seeing Some Interest
Metals continue to sag, primarily due to the lack of physical demand, although we have noticed a pickup in silver buying with the price now south of the $19 handle. The Chinese holiday has tempered activity in the Asian markets.
Read moreGlobal Stock Markets Mostly Firmer; British Pound Sinks to 31-Year Low Versus U.S. Dollar
(Kitco News) – Asian and European equity markets were mostly higher Tuesday. U.S. stock indexes are also pointed toward firmer openings when the New York day session begins
Gold Softens, Equities Slide but Recover in PM Trading
There are a hundred theories why that is so and there is solid reasoning behind many of the theories. The fourth quarter is a “short quarter.
Demand For U.S. Mint Gold, Silver Coins Up After Lackluster Summer
(Kitco News) – The U.S. Mint saw renewed interest in its gold and silver bullion coins with sales last month hitting their highest level since April; however, demand for physical precious metals was down compared to last year.
Read moreGold Ends Weaker Amid Lack of Fresh, Bullish
Gold prices ended the U.S. day session modestly lower Monday. Some lessening concerns about a big German Bank’s liquidity took buying interest away from the safe-haven metal.
Hedge Funds Hurry Back Into Gold, Silver Post-Fed Meeting – CFTC
(Kitco News) – Hedge funds were quick to jump back into their bullish gold and silver bets after the Federal Reserve left interest rates unchanged and lowered its long-term forecasts at its last meeting, according to the latest data from the Commodity…
Read moreNewmont: Merian Mine Completed On Time, Below Budget
Newmont Mining Corp. (NYSE: NEM) completed construction of the Merian gold mine in Suriname on time and more than $150 million, or nearly 20%, below the initial budget, the company announced Monday.
Read more3 Gold Plays For Traders And Investors Right Now
As sailors at sea know the lull of a quiet ocean and calm breeze can belie what lies ahead. The next dawn could usher in a grand storm with dark skies, high winds and massive waves.
Read moreGold Prices Weaker Following 51.5 Reading In ISM PMI
(Kitco News) – Gold prices are back under modest pressure Monday following data that points to renewed momentum in the U.S. manufacturing sector.
Read moreBBH: Deutsche Bank, U.S. Payrolls In Focus For Markets
Deutsche Bank’s travails and Friday’s U.S. jobs report will be two of the key drivers for markets this week, says Brown Brothers Harriman.