Gold Near Steady After BOJ Stimulus; U.S. GDP On Deck
The much-anticipated two-day Bank of Japan meeting ended Friday with an announcement from the BOJ that it will double its U.S. dollar-lending facility and double its purchases of exchange-traded stock funds.
Read moreMarkets Reconnoiter After FOMC And Gold Stumbles
The price of crude oil declined to its lowest level in three months as stockpiles build and production sails ahead with no regard for market forces. (Although that is approach can be complicated. Pumping more maybe a strategic hedge and part of a wait…
Read moreTrading Activity In Gold Market Up, Silver Down In June – LBMA
(Kitco News) – Trading activity in the gold market increased last month, while silver saw a drop, according to the London Bullion Market Association’s latest clearing statistics.
Gold Up, But Down From Daily High, Post-FOMC
Gold prices ended the U.S. day session modestly higher but down from the session high after hitting a two-week high overnight.
Read moreRetail Investors Jumping Into Platinum, As Market Now Outperforms Gold
(Kitco News) – For most of the year platinum has been a laggard with the global growth concerns weighing on the metal’s industrial demand, but sentiment is shifting as retail investors are jump into the market.
Gold Market Doesn’t Believe Fed Optimism – Analysts
(Kitco News) – Although the U.S. Federal Reserve left the door open for a potential interest rate hike in September, according to analysts, markets don’t believe the renewed optimism as gold is higher and both the U.S. dollar index and bond yields lowe…
Read moreHSBC: Gold Gains Despite Fed Hint At Rate Hike Indicates Underlying Strength
The strength in gold, despite a Federal Open Market Committee statement Wednesday saying risks to the U.S. economy have diminished, suggests underlying strength in the precious metal, says HSBC.
Read moreOceanaGold Lists 2Q Profit, Expects Haile Commissioning This Year
OceanaGold Corp. (TSX, ASX, NZX: OGC) reports an increased profit in the second quarter and says the Haile Gold Mine in South Carolina is on track for commissioning later this year.
Read moreMuted Reaction In Gold To Weak Initial Jobless Claims
(Kitco News) -The gold market is holding its ground but unable to make new gains, despite weaker than expected labor market data.
Read moreBOJ News Awaited
Gold remained buoyant overnight as the market awaits news on how much more stimulus is planned by the BOJ. The Fed has given an all clear, at least until September, when we expect them to find another reason to hold off.
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