Australia’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.
Read moreArizona Government Looking At Gold Bonds
(Kitco News) – In a world of negative bond yields, the state of Arizona might have a solution as it looks at how to monetize gold.
Read moreCommerzbank: Silver ETFs Post Biggest Inflow In Five Weeks
Silver holdings of global exchange-traded funds posted their largest inflow in five weeks Wednesday, although gold ETFs saw outflows, says Commerzbank.
Read moreLauren Roberts Named Next COO Of Kinross Gold
Kinross Gold Corp. (TSX: K; NYSE: KGC) reports that Lauren Roberts will become new chief operating officer, effective Jan. 1, succeeding Warwick Morley-Jepson, executive vice president and COO, who plans to leave the company to pursue new opportunities.
Read moreGold Market Shrugs Off Positive Philly Fed, Jobless Claims Data
(Kitco News) – The gold market is shrugging off slightly better than expected U.S. economy data that shows building momentum in the manufacturing sector.
Read moreGold Up, Post-FOMC Minutes, Which Now Deemed Dovish
Gold prices are moderately higher in early U.S. trading Thursday, as traders reflected upon Wednesday afternoon’s FOMC minutes and are now deeming them as favoring the dovish side of U.S. monetary policy.
U.S. Weekly Jobless Claims Fall 4,000 To 262,000
First-time weekly jobless claims in the U.S. fell by 4,000 to a seasonally adjusted 262,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Firmer in Aftermath of FOMC Minutes
The Wednesday afternoon release of the June FOMC minutes report from the Federal Reserve.
Read moreThe Release Of Minutes Brings About Mixed Responses In Gold And US Equities
It’s not unusual to get a bit of a whipsaw effect on the day of the release of minutes from the Federal Open Market Committee meeting.