Gold Extends Early Losses As Midday Approaches
Gold prices are trading moderately lower and have extended early losses in late-morning action Wednesday.
Read moreGold Market Ignores Relatively Inline ISM Nonmanufacturing Data
(Kitco News) – Gold prices remain under pressure but are holding steady after a slightly weaker-than-expected reading on the health of the service sector, according to the latest data from the Institute for Supply Management (ISM).
Read moreDoes Gold Shine On Fears Of An Oversaturated Bond Market?
The writing could be on the wall for the government debt as nervousness picks up in the marketplace following Japan’s disappointing auction of 10-year government bonds Tuesday; some analysts think this could be gold’s moment to shine.
Endeavour Silver Reports 2Q Profit As All-In Sustaining Costs Fall
Endeavour Silver Corp. (NYSE: EXK; TSX: EDR), which operates three underground mines in Mexico, reversed to a profit in the second quarter despite lower silver output as earnings were helped by lower operating costs.
Read moreGold Slightly Lower On Mild Profit Taking
Gold prices are modestly lower in early U.S. trading Wednesday, on some profit taking and a corrective pullback from Tuesday’s gains that pushed prices to a three-week high.
MKS: Weak Global Economic Growth Fueling Demand For Gold
Continuing sluggishness in the global economy is encouraging demand for precious metals, says MKS (Switzerland) S.A. Spot gold is back within roughly $12 of its two-year high hit early last month.
Read moreGold Down Following Growth In ADP Private Sector Employment
(Kitco News) – Gold prices is seeing some selling pressure as private sector employment data shows a growing labor market in July.
Read moreOne Level Left Before 2016 High Revisited
Gold continues to waver at the $1,365 level, after breaking up through $1,355 on Tuesday
Read moreGold Slightly Down, ADP Jobs Number Awaited
World stock markets were steady to weaker Wednesday, as falling oil prices are weighing on world equities. U.S.
stock indexes are pointing toward weaker openings when the New York day session begins.
Gold Basks In Rays Of Weaker Dollar
Weakness in the U.S. dollar is pushing the markets around today, and gold is especially benefiting. In mid-afternoon trade, gold is up around $12.00 of which almost $10.00 is due to the sagging dollar.
Read more