Gold Weaker Amid Keener Risk Appetite
Gold prices are modestly lower in early U.S. trading. Risk appetite in the world marketplace has been on the upswing the past couple weeks and that’s bearish for safe-haven assets like gold.
Franco-Nevada Reports Record Gold-Equivalent Ounces, Revenue
Royalty and streaming company Franco-Nevada Corp. (TSX: FNV; NYSE: FNV) reports second-quarter net income of $42.3 million, or 24 cents per share, and adjusted net income of $40 million, or 22 cents per share.
Read moreGold Weaker Amid Better Risk Appetite in World Marketplace
World stock markets were mostly higher overnight, boosted in part on reports the OPEC oil cartel will hold an informal meeting in late September.
Read moreGold And U.S. Equities Essentially Even
Oil-producing nations in and out of OPEC are beginning to rattle their sabers again about production cuts. That helped oil rise about 3.50% on the session.
We’re all familiar with central banks talking their currency up or down for self-serving reasons. Think of oil as a currency and ministries of oil as something parallel to a central bank in petro-states.
Gold Weaker On Follow-Through Selling, Post U.S. Jobs Report
Gold prices ended the U.S. day session modestly lower and hit a two-week low Monday.
Read moreGartman Still Bullish Despite Lower Gold Price Post-Jobs
One veteran gold investor remains bullish on the metal, especially in non-U.S. dollar terms, even though gold is still trading lower since jobs data Friday turned sentiment toward the U.S. economy more positive.
Read moreHedge Funds Jumped Back Into Gold Market For First Time In Three Weeks
(Kitco News) – Hedge funds jumped back into the gold market after reducing their exposure for the previous three consecutive weeks, according to the most recent data from the Commodity Futures Trading Commission.
Read moreDon’t Sweat Gold Weakness – It’s Just A New Higher Range
Gold prices softened slightly in early trading Monday, following Friday’s declines in the wake of the stronger-than-expected employment report.
Read moreRichmont Mines Reports Dip In 2Q Earnings
Richmont Mines Inc. (TSX: RIC; NYSE MKT: RIC) reports net earnings slipped along with production in the second quarter, compared to a year ago.
Read moreCiti Sees Further Weakness In Gold In Coming Days
Citi Research cautions that gold could fall some more in the coming days after Friday’s stronger-than-forecast U.S. employment report showing 255,000 new jobs in July.