Mitsubishi: Macroeconomic Backdrop ‘Positive’ For Precious Metals
Mitsubishi is upbeat on gold despite the recent pullback, although at the same time wary of a possible correction in the near term.
Read moreJPMorgan Positive On Gold As Markets Starts ‘Long’ Bull Market
Gold price are up 20% since the start of the year but according to one major U.S. bank, the yellow metal has more potential and is just starting a ‘new and very long bull market.’
Read moreGoldman Sachs Lukewarm On Gold, Sees More Potential For Miners
(Kitco News) – The Goldman Sachs, the big gold bear has now turned bullish…well sort of. But while analysts see limited gains for gold, they expect the higher price to bode well for the mining sector.
Goldcorp Announces Implementation Of Dividend Reinvestment Plan
Mitsubishi is upbeat on gold despite the recent pullback, although at the same time wary of a possible correction in the near term.
Read moreHas Gold Finally Disconnected from Stocks?
The strong stock market, driven by QE3 and the subsequent move to new highs in 2013 above 1,500 in the S&P 500, has been a primary pressure factor on the US dollar price of gold, until this year (featured chart).
Gold Rallies As U.S. Dollar Index Weakens
Gold prices are posting decent gains in early U.S. trading Wednesday. A corrective bounce from selling pressure seen earlier this week is featured, as trading has turned choppy.
Read moreGold Bounces As U.S. Dollar Index Weakens
So far Wednesday is another uneventful day in the marketplace, with no major, fresh events to drive prices.
Read moreFirst Majestic Silver Posts 1Q Adjusted Profit On Higher Output, Lower Costs
(Kitco News) -First Majestic Silver Corp. (NYSE: AG; TSX: FR) reversed to an adjusted profit in the first quarter of 2016 as production rose sharply and costs fell, more than offsetting a decline in the price of silver itself.
Kinross Reports Net Loss But Small Adjusted Profit In First Quarter
(Kitco News) – Kinross Gold Corp. (TSX: K; NYSE: KGC) reported a net loss in the first quarter of 2016 but a small adjusted profit when excluding special items, with the bottom line dragged down by lower gold prices than a year ago, the company said late Tuesday.
Recoveries Dominate in US Equities and Gold but Today Was Not Your Traditional Risk On Day
Today’s big movers were crude oil’s two benchmark products, West Texas and Brent.