European, Asian Markets Mixed Ahead of ECB Meeting Thursday
(Kitco News) – European stock markets were mixed Wednesday, ahead of Thursday’s meeting of the European Central Bank. The ECB will issue fresh economic forecasts and assessments at this meeting.
Shaky Service Data Moves Markets with Gold & Silver Being a Beneficiary
The dollar tumbled after a poor showing in data released by the Institute of Supply Management. The data reflected the slowest growth in six-plus years in the service sector.
Read moreTraditional Gold Mining May Be In Trouble, Thanks To Science
Your old iPhone may be worth more than you think after a team of scientists stumbled upon a new way to extract the gold found in electronics.
Read moreWeak U.S. Data Pushes Gold, Silver Prices Sharply Higher
Gold and silver futures prices ended the U.S. day session sharply higher and hit three-week highs Tuesday.
Read moreABN AMRO Sees Gold Market Losing Steam As Interest Rate Expectations Rise
(Kitco News) – Although gold has managed to hold onto most of its post-Brexit gains, one international bank is becoming more neutral on the yellow metal as third quarter performance has so far been fairly â??disappointing.â?
Gold Extends Early Gains, Solidly Higher, Following Weak U.S. ISM Report
Gold prices have scored a new session high and are trading solidly up after the release of a downbeat U.S. ISM non-manufacturing report for August.
Read moreGold Holding 1% Gains Following Disapointing ISM Service Data
(Kitco News) – Gold prices are adding to gains Tuesday following weaker than expected data from Institute for Supply Management (ISM), as it adds uncertainty for the domestic economy.
Read moreNever Short A Dull Market: Gold Bulls Still Rule The Day
There is an old market adage: never short a dull market. Action over the last few sessions in the gold market underscored the power of the 2016 uptrend in gold and also the wisdom behind that market idiom.
Read moreBNP Paribas: USD Dollar Has Room To Move Higher, But Close To Fair Value
The U.S. dollar could see renewed buying momentum in the next few weeks on rising interest rate expectations, says analysts at BNP Paribas; however, they add that although there is some room to push higher, the greenback is relatively close to fair va…
Read moreGold Sees Follow-Through Strength From Friday’s Gains
Gold prices are moderately higher in early U.S. trading Tuesday, on short covering in the futures market and new buying interest in the cash, following the gains seen last Friday in the wake of a slightly downbeat U.S. employment report.
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