Gold Firmer, Holding Friday’s Solid Gains; Yellen On Deck
Gold is trading slightly higher in early U.S. trading Monday, following the strong gains posted Friday in the wake of a very weak U.S. jobs report.
Read moreGold Slightly Up As Yellen Speech Awaited
Gold prices are slightly higher in early U.S. trading, following the Strong gains posted Friday that did produce a technically bullish weekly High close.
Read moreSaudis Cut European Oil Prices, Increase Most U.S. Prices
Saudi Arabia cut oil prices to Europe and raised prices in the U.S. and Asia by less than expected as it continued its long-running battle to protect market share from resurgent Iranian exports.
Read moreGold Goes High Riding As Dollar Deflates On Jobs
As you are well aware of by now, the Department of Labor’s employment numbers came in at a staggeringly low number. Thirty-eight thousand? That’s only the population of a large small town. We don’t think this pause is anything to be concerned about in the broader scheme of things.
Japanese Researchers Find Jaw-Dropping Gold Deposit, But….
The idea of a high-grade gold deposit with as much as 275 grams per ton would send any mining CEO’s heart aflutter, however there is one caveat: the deposit is located at the bottom of the ocean about 750 meters below sea level.
Fed’s Going Back To The Drawing Board?
After a disappointing U.S. jobs report and a sad ISM non-manufacturing index, markets didn’t have much reason to rejoice.
These Factors To Drive Gold Next Week
June 3 –Global investors rushed back into the safety of gold this week, as shockingly weak U.S. employment data pulled the rug out from under a Fed rate hike this summer.
Survey: Wall Street, Main Street Bullish On Gold After Weak U.S. Jobs Report
Market professionals and retail investors are both bullish on gold for next week, according to the latest results of the Kitco News Wall Street vs. Main Street gold survey.
Read moreMcEwen Mining Sees Cash Holdings Increase 169% From Dec 2014
After suffering through a four-year bear market, the once-cash starved mining sector is seeing capital inflows.
Read moreIs It Time To Dump Stocks And Buy Gold?
Gold soared Friday as bullish money on the sidelines swooped in to buy this week’s dip in gold to the $1,200 zone. Chatter about recession risks after Friday’s U.S. jobs data are swirling and traders are diving into the safe-haven of gold.
Read more