Gold Tries to Overcome Stronger Dollar, Ends Up Modestly Off On Day
The U.S. dollar strengthened vs the euro in U.S. trading as Deutsche Bank sold off dramatically after approximately ten hedge funds downgraded the German megabank. In afternoon trading the U.S. listed Deutsche stock is off 6.5%. .
Read moreGold Gets Modest Boost On Deutsche Bank Worries, Rallying Crude Oil
Gold prices ended the U.S. day session firmer Thursday and were lifted by concerns about a big German Bank staying liquid and by higher crude oil prices.
Read moreGold Pushes Above Unchanged On News German Deutsche Bank Getting Downgraded
Gold prices have moved above unchanged and are trading modestly higher in midday trading Thursday.
Read moreBMO: Safe-Haven Demand To Drive Gold, Silver Prices Through To 2019
(Kitco News) – Safe-haven demand will continue to drive gold and silver prices higher next year and support the precious metals market in the next three years, according to one Canadian bank that is making across-the-board revisions to its precious me…
Read moreKirkland Lake Gold, NewMarket To Merge In C$1 Billion Deal
Kirkland Lake Gold Inc. (TSX: KLG) and Newmarket Gold Inc. (TSX: NMI) announced Thursday that they have entered into an agreement to merge in an all-stock deal valued at C$1.01 billion.
Read moreGold Prices Turn Positive After 2.4% Fall In Pending Home Sales
(Kitco News) – Gold prices have managed to find some traction Thursday, following data that points to weaker U.S. home sales in the next few months.
Read moreA Trump Victory Could Drive Gold Prices Up 10% – ETF Securities
(Kitco News) – If you are a gold bug, then you might want to look at voting for Republican presidential nominee Donald Trump, as one firm thinks that the uncertainty surrounding his populist policies would be good for the yellow metal.
Read moreBBH: September U.S. Jobs Data Likely To Be Strong
Brown Brothers Harriman looks for U.S. September nonfarm payrolls growth, due out Oct. 7, to be strong enough to encourage the Federal Open Market Committee to hike interest rates again.
Read moreGold Prices Weaker Following 1.4% Rise In Q2 GDP
(Kitco News) – Gold prices are losing a little bit of ground Thursday in reaction to slightly stronger-than-expected second-quarter gross domestic product numbers.
Read moreU.S. Weekly Jobless Claims Rise 3,000 To 254,000
First-time weekly jobless claims in the U.S. rose 3,000 to a seasonally adjusted 254,000 during the week to Saturday, the Labor Department said Thursday.
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