Gold Is Still A Buy If Brexit Referendum Fails – Analysts
Gold prices remain under pressure Thursday as more than 46 million Britons head to the polls in the much-anticipated referendum on whether or not to remain a member of the European Union.
Read moreGold Still Under Pressure Despite Weak U.S. New Home Sales
(Kitco News) – Gold prices remain under pressure despite weakness in the U.S. housing market as consumers bought fewer new homes last month, according to the latest data from the U.S. Commerce Department.
Brexit Vote Timeline – Key Times To Watch
Here’s a rundown of the key times to watch Thursday through early Friday morning.
Read moreGold Market Ignores Positive Flash Manufacturing Data
(Kitco News) – The gold market continues to ignore U.S. data as prices remain under modest pressure following better than expected preliminary manufacturing sector.
Read moreCommodities Players Are Set Up for Market-Crushing Gains
Here’s the broadest exposure you can get to this fresh bull market, but it won’t be this cheap for long…
Read moreAre Platinum, Palladium, Rhodium Losing Their Relevance?
Almost half of all platinum, palladium and rhodium used industrially in the world are consumed in emission control catalysts by the automotive industry. If, as of tomorrow, all conventional engines would cease to exist, the effects on the market for th…
Read moreCiti: All-In Costs Of South African Producers Fall 42%; Trend Likely To Unwind
All-in costs for South African gold producers have tumbled 42% from the 2012 highs, but this trend is likely to start unwinding, says Citi Research. Most of the decrease was driven by factors outside of the companies’ control, with the most notable bei…
Read moreGold Prices Unfazed By Stronger Thank Expected Weekly Jobless Claims
(Kitco News) – Gold prices were unfazed and remained under pressure asfFirst-time weekly jobless claims in the U.S. fell by 18,000 to a seasonally adjusted 259,000 during the week to Saturday, the Labor Department said Thursday.
Read moreNichols: Brexit Or Not, Gold To Rise In Second Half
Gold is poised to rise in the second half of the year regardless of Thursday’s U.K. referendum on staying in the European Union, says Jeffrey Nichyols, managing director of American Precious Metals Advisors.
Read moreGold Weaker, Hits 2-Week Low; Brexit Vote Results Awaited
Gold prices are moderately lower in early U.S. trading Thursday, and scored a two-week low overnight. Risk appetite in the marketplace is on the upswing this week, which has been bearish for safe-haven gold.
Read more