Will Yellen Provide Answers At Jackson Hole Summit?
The advanced world economies are stuck between a rock and a hard place.
Read moreBoAML Sees Growing Risk Of Short-Term Correction In Gold Market
(Kitco News) – Gold prices are seeing strong selling pressure Friday and are struggling to hold onto gains for the second consecutive week, and one major U.S. bank sees potential for more weakness in the near term.
Read moreWalsh’s Lusk: Gold Eases As Dollar Rises; More Profit-Taking Possible
Comex gold has a softer tone Friday as the U.S. dollar bounces, and the metal could run into some more profit-taking pressure ahead of a speech late next week by Fed Chair Janet Yellen, says Sean Lusk
Read moreGold, Silver Pressured By Bounce In U.S. Dollar, Sell Stops
Gold and silver prices are solidly lower in early U.S. trading Friday, as a rebound in the U.S. dollar index is helping to push prices lower.
Read moreNewmont Pays Balance On Loan Maturing in 2019
Newmont Mining Corp. (NYSE: NEM) announces payment of the remaining $275 million balance of a loan due in 2019, which the company says means not only lower debt but interest expense.
Read moreGold Pressured by Rebound in U.S. Dollar Index
World stock markets were mixed overnight in quiet, late- summer trading.
Read moreDollar Weakness Due to Perception of Fed Stance Drives Markets
It’s best to start with U.S. dollar weakness today because it has affected most other markets. The greenback is down against the euro, yen, British pound and Swiss franc. The dollar is sliding because of a thousand small cuts to its strength rather than some large crisis of confidence.
Wall Street flat as drop in tech stocks offsets oil gains
Wall Street pared earlier gains and was little changed in early afternoon trading on Thursday, as a drop in technology stocks offset gains in energy companies on the back of higher oil prices.
Read moreAustralia’s major banks face U.S. class action over rate rigging
Australia’s four biggest banks said on Thursday they were among 17 global lenders being sued by U.S. funds for alleged benchmark interest rate rigging, denying the claims and pledging to contest the action.
Read moreGold Boosted by Bullish “Outside Markets”
Gold prices ended the U.S. day session moderately higher Thursday, supported by a lower U.S. dollar index and higher crude oil prices.
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