It’s More Expensive To Hold Euros Than Gold – BAML Analyst
(Kitco News) – Gold has been one of the best performing assets this year, making gains of almost 29% year to date, but it is also attractive as a global currency, according to one commodity analyst.
Read moreGold Lifted On Bank Of England Rate Cut; U.S. Jobs Data On Deck
Gold prices ended the U.S. day session modestly higher Thursday, boosted by the announcement from the Bank of England that it is easing its monetary policy.
Read moreBarclays: ETP Inflows For Precious Metals On Pace For Record In 2016
The year 2016 has already topped the previous record for the amount of money flowing into exchange-traded products featuring precious metals, Barclays said Thursday.
Read more“Does The Fed Lie, Or Is It Really Stupid?” – Gerald Celente
After successfully boosting global equity markets with countless trillions of dollars, are central banks finally admitting their policies are failing?
Read moreHecla Profitable In 2Q As Silver Output Jumps 71%, Gold Output Rises 41%
Hecla Mining Co. (NYSE: HL) posted a net profit in the second quarter as production soared and the company also benefited from higher prices of precious metals.
Read moreGold Hit’s Session Highs Following Weaker Initial Claims Data
(Kitco News) – Thursday, the Labor Department said first-time weekly jobless claims in the U.S. increased by 3,000 claims to seasonally adjusted 269,000 during the week to Saturday.
Read moreSpot Gold Up More Than 1% Against British Pound After BOE Rate Cut
(Kitco News) – A slightly stronger U.S. dollar is not providing a significant drag on gold prices Thursday morning as the precious gets a lift in the broader currency markets, especially against the British pound.
Read moreGold Erases Overnight Losses, Sees Modest Rally, As Bank Of England Eases
Gold prices are modestly higher in early U.S. trading Thursday and recovered overnight losses following the announcement from the Bank of England that it is easing its monetary policy.
Read moreFed Only Player That Still Has Tightening On Its Mind
The Bank of England dropped its key interest rate by 25 basis points to 0.25%, the lowest on record. Although the market expected the BOE to drop rates, it was surprised by the additional 60 billion pounds added to the QE program, with additional bond …
Read moreIamgold Corp. Posts 2Q Adjusted Profit; Cash Flow Rises 125%
Iamgold Corp. (TSX: IMG; NYSE: IAG) reversed to an adjusted profit in the second quarter on higher gold prices and as the company reaped the benefit from its cost-cutting efforts.
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