Daily FX’s Vecchio: ‘Gold And The Yen Have Moved In Lock-Step’
In the wake of the U.K. vote last month to leave the European Union, gold and the Japanese yen have tended to move together, says Christopher Vecchio, currency analyst at DailyFX.
Read moreCenterra Agrees To Acquire Thompson Creek Metals In $1.1 Billion Deal
Centerra Gold Inc. (TSX: CG) will acquire Thompson Creek Metals Co. Inc. (TSX: TCM; OTCQX: TCPTF), which operates the Mount Milligan Mine in British Columbia, in a deal valued at $1.1 billion, the companies announced late Tuesday.
Read moreIs A European Replay of 2008 Upon Us?
Gold is within a whisper of our target of $1,376 that we posted on a break of the $1,307 level. There may be some consolidation at this level but the macro picture indicates a push towards $1,400 remains a viable next target.
Read moreGold Rallies To 27-Mo. High On Keen Safe-Haven Demand
Gold prices are solidly up and hit a 27-month high Wednesday, on more safe-haven demand as risk appetite in the marketplace is on the downswing, post-Brexit vote.
Read moreGold At 27-Mo. High On Safe-Haven Demand Amid Shaky World Stock Markets
There is still risk aversion in the marketplace Wednesday, amid worries about U.K. property fund redemptions and the health of European banks.
Read morePlunging Crude and Shaky Confidence Spur Gold Despite Strong Dollar
Crude oil is off by a spectacular 4.60% in afternoon trading. Failing confidence in global growth, and therefore demand for energy, weighed on West Texas Intermediate and Brent North Sea. Indicative of the general fear of lower demand was the associat…
Read moreJapan Sees Strong Retail Gold Demand Following Brexit Vote
(Kitco News) – The fallout of Britain’s referendum to leave the European Union less than two weeks ago continues to be felt around the globe as consumers buy safe-haven assets like gold.
Gold Solidly Up, Silver Hits 2-Year High, On Safe-Haven Demand
Gold futures prices closed at a 27-month high close Tuesday, on more safe-haven demand amid risk aversion among traders and investors on this first U.S. trading day of the week.
Read moreGold To Push Silver Higher as Fed Hikes Go Out The Window: Rickards
Weakening central bank credibility is really behind the gold and silver rally, says one New York Times bestselling author.
Read moreHSBC Ups Gold Forecast But Sees Potential Ceiling At $1,400/Oz
HSBC has joined the chorus of banks hiking their gold forecasts lately, describing itself as “mildly bullish” but also suggesting prices may hit a ceiling if they rise to the $1,400-per-ounce area.