Forget 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.
Read morePlatinum Sales Win Over Gold, Silver as Q3 Kicked Off – U.S. Mint
After posting stellar sales so far this year, it seems gold and silver coin sales are headed for a slump in the third quarter. Unless, investors preferred another precious metal instead.
Read moreGold Sees Modest Gains Despite Slumping Oil Prices
Gold prices ended the U.S. day session modestly higher Monday and closed at a three-week high close. There was decent follow-through buying from Friday’s good gains that scored a bullish weekly high close.