Eldorado Gold Announces Renewed Revolving Credit Facility
Eldorado Gold Corp. (TSX: ELD; NYSE: EGO) officials say they have renewed the company’s revolving credit facility. The amended agreement includes available credit of $250 million, an “accordion feature” of $100 million, and an extension of the term to June 13, 2020 from Nov. 23, 2016.
BMO: Silver Lagging Gold But Expected To Continue Moving Higher
Analysts at BMO Capital Markets say silver has been lagging gold again lately, but they expect silver to continue moving higher later this year.
Read moreThe Future Is Looking Dimmer On A Daily Basis
Metals are unchanged awaiting clarity from the Fed, which begins it’s two= day meeting today. If you believe the bookies, the U.K will likely stay connected to the E.U. albeit straw polls indicate the opposite.
Gold Near Steady as FOMC Meeting On Deck
Gold prices are near unchanged levels in early U.S. trading Tuesday. There is some safe haven demand amid growing concerns about the U.K.
Read moreGold Weaker Amid Bearish Outside Markets
Gold is weaker in early U.S. trading, as the key outside markets Are in a bearish daily posture–a firmer U.S. dollar index and lower Crude oil prices.
Read moreHow To Make Fiscal and Monetary Policy Work: The Canadian Way
Although the Canadian Economy is facing continued headwinds because of lower oil and commodity prices, it is the shining example of how monetary policy and fiscal policy can work hand-in-hand to promote economic growth, according to the latest data fro…
Read moreDoes Gold Really Have a Role In ‘New Normal’ Low Rate Environment? – Analysts
Global interest rates at historically low levels may just be the “new normal” for financial markets according to a panel of speakers at the 22nd International Economic Forum of the Americas in Montreal, Canada.
Gold prices flirt with $1,290 as Brexit fears boost haven demand
Gold futures added to overnight gains in North American trade on Monday, climbing to a five-week high as worries about a potential exit by the U.K. from the European Union left investors scrambling for safe haven assets.
Read moreGold Up, Hits 4-Week High, On More Safe-Haven Demand
Gold prices ended the U.S. day session up and hit a four-week high Monday.
Read moreMoney Managers Sharply Increase Net-Long Position In Comex Gold – CFTC Data
Money managers upped their net bullish positioning in gold futures by 19% in the most recent weekly report from the Commodity Futures Trading Commission.
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