Gold, Silver See More Profit Taking After Recent Advances
Gold and silver prices ended the U.S. day session lower Thursday, on more profit taking from recent gains that pushed both metals to a three-week high Wednesday.
Read moreGold Sees Some Profit-Taking Selling Pressure
Gold prices have come under moderate selling pressure as midday approaches Thursday.
Read moreApple Discontinues Gold Edition Watch
(Kitco News) – Sorry luxury aficionados but Apple has quietly discontinued its 18-karat gold watch.
Read moreProspector Finds Steak-Size Gold Nugget in Cali
A modern gold rush in central California may be brewing, with one prospector recently finding a nugget as big as a t-bone steak.
Read moreECB Lower’s Growth Forecasts, No New Stimulus Measures
(Kitco News) – European Central Bank President Mario Draghi is downplaying another downgrade in eurozone economic growth and inflation expectations as no new stimulus measures were announced Thursday.
Read moreU.S. Weekly Jobless Claims Fall By 4,000 To 253K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 4,000 claims to seasonally adjusted 259,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Firmer, Bulls Having Good Week; Draghi Awaited
Gold prices are slightly higher in early U.S. trading Thursday, just ahead of ECB President Mario Draghi’s press conference. December Comex gold was last up $2.60 an ounce at $1,351.80. December Comex silver was last up $0.122 at $19.97 an ounce.
Slight Upward Bias On Weaker Dollar
Gold continues to trade in a tight range, awaiting a fresh catalyst. Today’s ECB announcement that interest rate policy remains unchanged was expected, but traders await Mario Draghi’s comments for any clues on further monetary accommodation.
ECB Leaves Rates Unchanged, Expect Lower For Longer
(Kitco News) – As expected the European Central Bank left interest rates unchanged Thursday.
Read moreMarkets Subdued In Asia, Europe; ECB Meeting Results Awaited
(Kitco News) – World stock markets were quieter Thursday ahead of this week’s featured market event: today’s meeting of the European Central Bank