Fed 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.
Read moreMcEwen Mining Posts Net Profit In Second Quarter
McEwen Mining Inc. (NYSE, TSX: MUX) lists net income of $8.4 million, or 3 cents per share, in the second quarter. This is a turnaround from a net loss of $14.1 million, or 5 cents, in the same period a year ago.
Read moreGold Sheds Overnight Losses Following BOE Rate Cut
The Bank of England held its regular monetary policy meeting Thursday and cut its main interest rate by 0.25%, to 0.25%– the first rate cut since March of 2009.
Read moreWait, Gold is up 27% YTD – Think About That A Minute – Nick Colas
Despite gold prices ending the U.S. day session moderately lower Wednesday, the metal is up 27% year to date.
Read moreWhy Bill Gross Prefers Gold Over Stocks, Bonds Right Now
More fixed-income experts seem to be jumping on the gold bandwagon with PIMCO co-founder Bill Gross being the latest to say he prefers gold over other asset classes.
Read moreGold Down On Profit-Taking, Rebound In U.S. Dollar Index
Gold prices ended the U.S. day session moderately lower Wednesday, on profit taking and a corrective pullback from recent gains that pushed prices to a three-week high Tuesday.
Read moreInvestors Beware! Gold Has Seen Its Peak – RBC
Despite gold’s stellar performance this year and the risks surrounding financial markets, analysts from one bank think the metal’s 2016 rally may be coming to an end.
Vote Now In The Kitco Weekly Gold Survey
Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
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