Gold Slightly Lower, Gets Scant Help From Oil Bounce
Gold prices are steady to slightly lower in early U.S. dealings Thursday. A spike in crude oil prices Wednesday afternoon was only slightly supportive for the precious metals markets.
Read moreWorld Stock Markets Lifted As OPEC Says It Will Reduce Its Crude Oil Production
(Kitco News) – Global equities markets were mostly higher early Thursday, boosted in part by a rally in crude oil prices.
Gold Slides Amidst Fed Chatter While Equities Rise On Oil Jump
Gold slipped a bit more today in the face of comments from the Federal Reserve and one data point that could point more strongly in the direction of a rate hike in December. Equities moved higher on oil price spike, but we feel they are probing new tops and the pullbacks we are seeing are “technical” in the broad sense of the word.
Janet Yellen, OPEC, Oil And Gold
Although Janet Yellen looked like a deer in the headlights when asked about potential conflict of interest with respect to Fed policy makers applying for positions with the Clinton administration
Read moreGold Ends Lower On Chart-Based Selling
Gold prices ended the U.S. day session weaker Wednesday, on mostly technical selling amid a lack of fresh, markets-moving fundamental news on this day.
Read moreCIBC: Gold Miners Seeing Perfect Storm Of Lower Costs, Higher Prices
(Kitco News) – One Canadian bank sees a perfect storm of profits for gold and silver miners as the precious metals prices increase and costs continue to fall.
Read moreSocGen Sees Gold Improving To $1,350 Average In 4Q
Societe Generale looks for gold to rise moderately for the remainder of 2016 on expectations for a slow pace of Federal Reserve monetary tightening, even if the central bank hikes interest rates in December.
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 moreGold Drifts Lower, Near Daily Low, On Chart-Based Selling
Gold prices are under modest follow-through selling pressure from Tuesday’s losses in late-morning trading Wednesday.
Read moreCPM Group: CUSIP Identifiers ‘Significant Step’ For Precious-Metal Sector
CPM Group says the first-ever CUSIP identifiers for precious metals are a “significant step” for the market.