Gold, Silver Up, Add to Gains After FOMC Meeting Ends
Gold and silver prices were ending the U.S. day session higher and near their daily highs Wednesday. Short covering in the futures market and bargain hunting in the cash market were featured in both markets.
Read moreGold At Session Highs Following Optimistic Fed Statement
(Kitco News) – Gold pricings are only losing a little ground as the Federal Reserve acknowledged improving domestic economic growth.
Read moreGold Makes A Great Hedge Against Market Uncertainty – Goldman Sachs
(Kitco News) – Goldman Sachs, known for its bearish outlook on gold, which was partly credited for initiating gold’s three-year bear market, appears to be changing its tone, with one prominent economist saying he sees gold as a “strategic hedge against problems in the world.”
Traders Jumping Into Gold As They Expect Fed Is Stuck
(Kitco News) – Gold prices are seeing some renewed buying interest Wednesday morning as U.S. economic data disappointed ahead of a Federal Reserve monetary policy decision.
Read moreGold Sees Moderate Rally Ahead Of FOMC Statement
Gold prices are trading higher and near their daily highs in late-morning dealings Wednesday, ahead of what is arguably the most important economic data point of the week–the FOMC statement due out at 2:00 p.m. EDT.
Read moreVote Now In The Kitco Weekly Gold Survey
Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Read moreHSBC: Plateau In Chinese Gold Production Would Be Price Supportive
A report suggests that China’s gold production may have hit a plateau, which presumably would mean more future imports by the country that would be gold supportive, says HSBC.
Gold Slightly Up Ahead Of FOMC Statement
Gold prices are slightly higher in subdued early U.S. trading Wednesday.
Read moreGold Prices Rise Following Disapointing Durable Goods Data
(Kitco News) – Gold prices are seeing a modest boost this morning, reacting to weaker than expected manufacturing data.
Read moreCenterra Gold Reports 2Q Profit Down From Year Ago
Centerra Gold Inc. (TSX: CG) reports net earnings of $2.9 million, or a penny per share, in the second quarter, compared to $21.9 million, or 9 cents, for the same period in 2015.
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