Gold Sees Mild Short-Covering, Bargain-Hunting
Gold is just modestly higher in early U.S. trading Thursday, on some more short covering in the futures market and some bargain hunting in the cash.
Read morePrivate Sector Adds 173K Jobs in May
(Kitco News) – The U.S. labor market managed to find some momentum last month however, private companies hired less than 200,000 employees for the second consecutive month, according to the latest data released by payrolls processor ADP.
Read moreNomura Sees ‘Uncertainty’ Over U.S. Economic Policy Under Trump Presidency
Nomura Global Economics says there is “uncertainty” about U.S. economic policy under a Donald Trump presidency.
Gold Firmer Ahead Of Important Data
Gold prices are firmer in early U.S. trading, on short covering In the futures market and bargain hunting in the cash, after prices Earlier this week hit a 3.5-month low.
Read moreECB Leaves Interest Rates Unchanged In June
(Kitco News) – As expected the European Central Bank left interest rates unchanged following its June monetary policy meeting.
Read moreA Long Weekend Does Not Change the Un-Certainty Factor
U.S. consumer spending recorded its biggest increase in more than six years in April and inflation rose steadily, crucial signs of acceleration in economic growth. We will have to see how much of that “inflation” is due to the recovery of crude oil prices, which would not indicate true inflation but a reversion to a mean.
May Gold Coin Sales Increase More Than 200% From Last Year
It’s a tale of two markets: gold futures ended May with the biggest monthly decline since November but physical demand saw a significant increase from last year.
Gold Ends Weaker In Choppy Trading; Bears Still Have Momentum
Gold ended the U.S. day session with modest losses in a choppy, two-sided trading affair Wednesday. Some short covering in the futures market and some bargain hunting in the cash market lifted prices early on.
Read moreGold Slips Below Unchanged Following Upbeat U.S. Economic Data
Gold prices lost modest early gains and are trading slightly lower in late-morning dealings Wednesday. The yellow metal was pressured a bit following some upbeat U.S.
Read moreU.S. ISM Manufacturing Index Rises To 51.3%
(Kitco News) – The U.S. manufacturing sector saw a surge in momentum last month, according to the latest data from the Institute for Supply Management (ISM).
Read more