Kinross Temporarily Suspends Mining, Processing At Tasiast Mine
Kinross Gold (TSX: K; NYSE: KGC) says that mining and processing operations at its Tasiast mine in Mauritania have been temporarily suspended.
Read moreSterling Surging Against Gold, But Market Is Well Supported Ahead Of Brexit Vote
Uncertainty ahead of Thursday’s Brexit referendum continues to keep gold well supported, especially against sterling, despite the currency’s surge in global markets.
Measured Move Targets Gains To $1,400 In Gold
A new poll suggesting the UK was more likely to vote to stay in the European Union at this Thursday’s Brexit vote triggered a “Risk-On” trading day in financial markets Monday morning.
Read moreGold Pulls Back Amid ‘Risk-On ‘Attitudes’ , Profit Taking
Gold prices are moderately lower in early U.S. trading Monday, as investor risk appetite has up-ticked to start the trading week.
Read moreU.S. Mint Ups Allocation of Silver Eagle Coins
The U.S. Mint has increased its weekly allocation of American Eagle silver bullion coins.
Read moreMetals ‘May’ Be Vulnerable
Friday’s action suggested that the trade pushed gold above the $1,300 level, not for any fundamental bullish reasons, but rather to capitalize on options expirations, at the $1,300 strike.
Gold Pressured By “Risk On” Trading Day
The key “outside markets” on Monday find the U.S. dollar index lower and Nymex crude oil prices higher.
Read moreGold Finds Magic As U.S. Dollar And Equities Falter
As contrary to common sense as this may all be, it was very good for gold today. Not quite half of gold’s vault higher was due to dollar weakness. Regular trading did the remaining work very sharply and efficiently.
Gold Price And Brexit: What You Need To Know Ahead Of The Vote
It has been an intense and also tragic 10 weeks in the United Kingdom as voters will soon head to the polls to vote on whether the country remains a member of the European Union, which could have major implications for the gold market.
Read moreGold Price Survey: Wall Street, Main Street Heavily Bullish Next Week
Market professionals and retail investors are solidly bullish on gold for next week, according to the results of the Kitco News Wall Street vs. Main Street gold survey.
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