U.S. Weekly Jobless Claims Unchanged at 254,000
First-time weekly jobless claims in the U.S. were steady at a seasonally adjusted 254,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGreat Panther: 2Q Silver Production Eases From Year ago; Gold Output Higher
Great Panther Silver Ltd. (TSX: GPR; NYSE MKT: GPL) says second-quarter production from its two Mexican mining operations fell 5% year-on-year to 1,037,728 silver-equivalent ounces.
Read moreGold Solidly Lower Amid Risk-On Trading Environment
Gold prices are seeing solid selling pressure and hit a new low for the week in early U.S. trading Thursday, as rallying world stock markets this week are prompting selling interest in the safe-haven metal.
Read moreGold Pressured By Risk-On Attitudes
Global stock markets were again mostly firmer overnight as this week has seen a marked increase in investor risk appetite, amid ideas the world’s major central banks will continue to pump money into their economies.
Read moreGold Losing Ground Against Pound As BOE Surprises With No Rate Cut
(Kitco News) – In Currency markets, gold is seeing its biggest losses against the British pound as the Bank of England surprised markets and kept interest rates unchanged at 0.5% Thursday.
Read moreDow futures up 100 points; BOE surprises with no rate move
U.S. stocks were on track to extend their run into record book on Thursday, though futures took a slight step back after a surprise decision by the Bank of England to leave monetary policy unchanged.
Read moreGold Rises As Equities Take A Breather And Dollar Strength Subsides
Stocks in the U.S. are wavering between gains and loses without any truly clear sentiment prevailing. The fed’s Beige Book that treated with economic conditions across the country from mid-May through the end of June described moderate growth, almost no price pressure and extremely modest wage pressure, most of which was confined to the Cleveland, Chicago and San Francisco areas.
Read moreMidday: Gold up $10.00, Oil down, Fed fades
Read moreMidday: Gold up $10.00, Oil down, Fed fades
Read moreGold Gains On Bargain Hunting, Bullish Charts
Gold prices ended the U.S. day session moderately higher Wednesday on a corrective bounce as traders once again “bought the dip” after Tuesday’s solid selling pressure.
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