Gold Pushes Higher as Traders “Buy The Dip”
Gold prices have moved to moderately higher levels and are at the daily high in late-morning dealings Thursday.
Read moreIndian, Chinese Consumers Surprised By Higher Gold Prices – WGC
(Kitco News) – Although investor demand for gold hit record highs in the first half of the year, consumers, particularly in India and China who predominantly buy jewelry, were squeezed out of the market, according to the latest report from the World G…
Read moreTorex Reports Profit In First Quarter Of Commercial Output At El Limon-Guajes
Torex Gold Resources Inc. (TSX: TXG), which operates the El Limon-Guajes mine, where commercial production began in late March, reports gold production totaled 83,256 ounces for the second quarter.
Read moreGold Prices Unchanged On The Day Following Drop In Weekly Jobless Claims
(Kitco News) – Gold prices were unfazed and remained slightly pressure after first-time weekly jobless claims in the U.S. fell by 1,000 to a seasonally adjusted 266,000 during the week to Saturday, the Labor Department said Thursday.
Read moreTrading Thin Markets Not Advisable
It remains a frustrating effort to catch the wave, as thin markets cause exaggerated volatility.
Read moreGold Slightly Lower Amid Summer Doldrums
Gold prices seeing just modest selling pressure in early U.S. trading Thursday. A rebound in the U.S. dollar index is a bearish outside market force working against the precious metals on this day.
Read moreSilver Wheaton Reports Higher 2Q Profit, Record Gold Production
Silver Wheaton Corp. (TSX, NYSE: SLW), a Vancouver-based precious-metals streaming company, reported a rise in second-quarter profit late Wednesday, helped by higher prices of precious metals and a record volume of gold.
Read moreGold Near Steady Amid Quiet Overnight Dealings
World stock markets were mixed in uneventful trading overnight. The U.S. stock indexes are pointed toward firmer openings when the New York day session begins.
Read moreWGC Says Gold Investor Demand Reaches Historic Levels In H1 2016
Investment gold demand during the first half of the year, which drove prices up 25% on the year, was the strongest seen in more than 30 years, according to the World Gold Council’s second quarter Gold Demand Trends.
Gold Rises On Extended Dollar Weakness While Oil Slides
Sentiment that an interest rate increase is moving farther and farther out on the time horizon continues to throttle back dollar strength. This, in turn, helped gold rise today.
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