Gold Pushes To 3-Week High On Weakening Greenback, Bullish Technicals
Gold prices ended the U.S. day session solidly higher and hit a three-week high Tuesday. Gold and the other precious metals prices have been supported recently by a slumping U.S. dollar index.
Read moreGold Trading Near Session High In Late-Morning Dealings
Gold prices are posting solid gains and are trading near their daily highs as midday approaches Tuesday.
Read moreForget About The Fed, Gold Is Following Global Negative Yields: Axel Merk
(Kitco News) – One fund manager is recommending that investors forget about focusing on the minutiae details of a potential rate hike and instead should look at the overall picture, which highlights a growing environment of real negative interest rates.
Read moreCME Group: July Metals-Trading Volume Soars 32% From Year Ago
CME Group reports that metals-trading volume jumped 32% year-on-year in July to a daily average of 503,000 contracts, compared to 381,000 in July of 2015.
Read moreGold Underperforming Against Aussie Dollar Following RBA Rate Cut
(Kitco News) – For the second time in as many days, the gold is seeing muted action against a major currency, despite dovish central bank action.
Read moreSilver Wheaton Increases Gold Stream From Salobo Mine
Silver Wheaton Corp. (TSX, NYSE: SLW) says it has agreed to acquire from a Vale S.A. subsidiary an additional 25% of the life-of-mine gold production at the Salobo copper mine in Brazil.
Read moreGold Ignores Modest Increase in Consumer Spending, Holding Near Session Highs
(Kitco News) – Gold prices are holding its recent gains despite a modest increase in personal spending and low inflation concerns.
Read moreFresnillo Profit More Than Doubles In First Half Of Year
Fresnillo PLC (LSE: FRES), the world’s largest primary silver producer, reported Tuesday that its first-half profit jumped 116.9% to $165.6 million.
Gold Up, Hits 3-Week High, Amid Slumping Greenback
Gold prices are moderately higher and hit a three-week high in early U.S. trading Tuesday.
Read moreGold Lifted To 3-Week High Amid Weaker Greenback
Global stock markets were mostly weaker Tuesday, as falling crude oil prices are a negative for equities, in general, and suggest deflationary price pressures are still problematic in world economies.
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