Goldcorp Reports ‘Controlled Shutdown’ At Peñasquito
Goldcorp Inc. (TSX: G, NYSE: GG) reports a “controlled shutdown” of operations at its Peñasquito mine following a blockade by a trucking contractor that began early last week.
Gold Slightly Lower in Choppy Trading; New Inputs Awaited
Gold prices are slightly lower in quieter U.S. trading Monday morning. Some Asian and European markets are closed for holidays early this week. Traders and investors are looking for fresh news to drive the precious metals markets. December Comex gold w…
Read moreMarkets Resume Drift With A lower Price Bias
A number of factors are contributing to the slightly weaker tone to the metals this morning. A possible deal with the DOJ and Deutsche Bank for a substantially reduced fine has calmed fears on a run on the bank.
Read moreGold Up 1% Against British Pound With Brexit Process To Start In March
(Kitco News) – Gold is seeing strong gains against the British pound Monday after reports that the U.K. government will initiate the process to exit the European Union by March 2017.
Read moreWorld Stock Markets Firmer As Deutsche Bank Worries Subside, For Now
tco News) – Asian and European equity markets were mostly higher Monday, following the gains in share prices in New York on Friday.
Gold Sidetracked by Seeming Deutsche Bank Resolution
With the growing realization that Deutsche Bank’s problems may be more than temporal but less than fatal, the U.S.-listed stocks of the megabank rocketed up 14.5% today.
Achtung Baby!
This week, Deutsche Bank was under pressure after a Bloomberg report said a small number of hedge funds were trimming their exposure at the German bank.
Read moreGold Prices End Lower As Deutsche Bank Rebounds
(Kitco News) – Gold prices slid deeper into negative territory Friday as Germany’s biggest bank saw some relief in equity markets.
Gold Market Sees First Quarterly Loss Since December; What’s Next?
(Kitco News) – A Lehman-style meltdown for Deutsche Bank or a significantly weaker labor market is needed to boost gold out of its three-month range next week, according to some analyst.
Read moreLBMA: Gold Transferred Declines In August; Silver Volume Up
The amount of gold transferred between accounts of London Bullion Market Association members during August fell from the previous month, while silver volume rose slightly, the organization reported Friday.
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