Gold Market Ignores Positive Flash Manufacturing Data
(Kitco News) – The gold market continues to ignore U.S. data as prices remain under modest pressure following better than expected preliminary manufacturing sector.
Read moreCommodities Players Are Set Up for Market-Crushing Gains
Here’s the broadest exposure you can get to this fresh bull market, but it won’t be this cheap for long…
Read moreAre Platinum, Palladium, Rhodium Losing Their Relevance?
Almost half of all platinum, palladium and rhodium used industrially in the world are consumed in emission control catalysts by the automotive industry. If, as of tomorrow, all conventional engines would cease to exist, the effects on the market for th…
Read moreCiti: All-In Costs Of South African Producers Fall 42%; Trend Likely To Unwind
All-in costs for South African gold producers have tumbled 42% from the 2012 highs, but this trend is likely to start unwinding, says Citi Research. Most of the decrease was driven by factors outside of the companies’ control, with the most notable bei…
Read moreGold Prices Unfazed By Stronger Thank Expected Weekly Jobless Claims
(Kitco News) – Gold prices were unfazed and remained under pressure asfFirst-time weekly jobless claims in the U.S. fell by 18,000 to a seasonally adjusted 259,000 during the week to Saturday, the Labor Department said Thursday.
Read moreNichols: Brexit Or Not, Gold To Rise In Second Half
Gold is poised to rise in the second half of the year regardless of Thursday’s U.K. referendum on staying in the European Union, says Jeffrey Nichyols, managing director of American Precious Metals Advisors.
Read moreGold Weaker, Hits 2-Week Low; Brexit Vote Results Awaited
Gold prices are moderately lower in early U.S. trading Thursday, and scored a two-week low overnight. Risk appetite in the marketplace is on the upswing this week, which has been bearish for safe-haven gold.
Read moreThe World Listens As The Brits Speak
There is not a lot more to say about today’s British vote. A snapshot of the global markets suggests that the “stay” vote will succeed, but until the levers are pulled and the votes counted, expect a volatile day. What makes trading problematic is the fact that we may not hear the results until 3 a.m.
Gold Hits 2-Week Low Amid Risk-On Attitudes
Gold prices are lower and hit a two-week low today as it’s another “risk-on” day in the marketplace Thursday, the day of the highly anticipated Brexit vote.
Read moreGold Awaits Brexit Vote Along with Other Markets
The financial world is feeling the pain of the kids in the backseat as it applies to the vote in Britain concerning a possible exit from the European Union. Thank goodness we’re almost there.