Gold, Silver See Mild Profit Taking As Outside Mkts Turn Negative
Gold and silver prices backed well off their daily highs Thursday, on profit-taking pressure from recent gains. Earlier in the day gold hit a five-week high and silver notched an 11-month high.
Read moreGold Headed To $1,293/oz As U.S. Dollar Rolls Over: Martin Murenbeeld
Investors continue to stomach the volatility in gold prices this week, which have managed to see-saw from an 11-month high back to negative territory
Read moreGold Supply To Decline; Indian, Chinese Demand To Improve: CEO
Newmont Mining (NYSE: NEM) chief executive Gary Goldberg looks for both lower global mine supply and improving demand prospects from India and China to bode well for the gold in the medium term.
Read moreECB’s Draghi Urges Patience As Gold Unable To Hold Gains
(Kitco News) -European Central Bank President Mario Draghi implored financial markets and politicians for patience as he and the governing council are confident that their latest actions will boost European economic growth and inflation over time.
Read moreGold & Silver Lose Momentum, Reversal In Outside Markets
Gold and silver prices have backed well off their daily highs and fallen below unchanged levels in mid-morning trading Thursday. Profit taking pressure from recent gains is featured, as gold hit a five-week high earlier
Read moreU.S. Weekly Jobless Claims Fall To Lowest Level Since 1973
Kitco News reports on weekly U.S. jobless claims
Read moreGold Powers To 5-Week High As Raw Commodity Bulls Are Waking Up
Gold prices are solidly higher and hit a five-week high in early U.S. trading Thursday. Silver prices are also sharply higher and have hit an 11-month high.
Read morePhiladelphia Fed Manufacturing Index Falls To Minus 1.6 In April
The headline index for a survey of manufacturers in the Philadelphia area weakened in April, according to a report released Thursday.
Read moreYesterday’s Pause A Head Fake
The market yesterday spooked some traders when gold sold off near the end of the trading session.
Read moreNewmont 1Q Adjusted Income Down YoY But Tops Forecasts
Newmont Mining Corp. (NYSE: NEM) late Wednesday reported adjusted net income in the first quarter that was down from a year ago but topped analysts’ expectations.
