Gold Sees Solid Gains, At 2-Week High, Post-FOMC
Gold prices are solidly higher and hit a two-week high in early U.S. trading Thursday. Silver prices have also seen sharp gains the past 24 hours and are now trading not far below the multi-year high scored in early July.
Read moreAgnico Eagle Mines Reports Higher Profit, Increases Dividend
Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) reported a higher profit in the second quarter and also announced an increase in its dividend late Wednesday.
Kinross Gold’s Adjusted Loss Narrows In Second Quarter
Kinross Gold Corp.’s (TSX: K; NYSE: KGC) adjusted net loss narrowed slightly in the second quarter as revenues were boosted by the combination of higher production and an increase in the price of gold, the company reported late Wednesday.
Gold Rallies, Post-FOMC, Amid Weaker U.S. Dollar
World stock markets were mixed overnight and U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins.
Read moreGoldcorp Posts 2Q Loss On Reduced Production; Two Projects Approved
(Kitco News) – Goldcorp Inc. (TSX: G, NYSE: GG) Wednesday reported a net loss in the second quarter on lower production that was expected and also announced a decision to proceed with expansions at the Peñasquito and Musselwhite mines.
Coeur Reverses To 2Q Profit On Higher Silver-Equivalent Output, Lower costs
(Kitco News) – Coeur Mining, Inc. (NYSE: CDE) reversed to a profit in the second quarter as silver-equivalent production and prices of precious metals rose at a time when the company was cutting costs.
Read moreBarrick Adjusted Earnings Rise Sharply In Second Quarter
(Kitco News) – Barrick Gold Corp. (NYSE, TSX: ABX) reported a big jump in second-quarter adjusted earnings Wednesday even though production fell, as the company continued to cut costs and lowered its guidance for all-in sustaining costs for the full y…
Read moreGold Reacts Positively Despite Improved Fed Outlook
After some back and forth, gold traders ultimately (for the day, anyway) interpreted the short after-meeting news release as dovish, meaning that rates were staying put for a while longer. Gold at 3:30 in New York was up 1.30%.
Read moreGold Takes Off
I suggested yesterday that gold was poised for a breakout and that the break was imminent.
Read moreSilver Steals The Gold Show Post-FOMC
Although gold saw a delayed reaction following the much-anticipated Fed statement, its sister – more volatile – metal was, well, a little more volatile.