Gold Ends Weaker In Choppy Trading; Bears Still Have Momentum
Gold ended the U.S. day session with modest losses in a choppy, two-sided trading affair Wednesday. Some short covering in the futures market and some bargain hunting in the cash market lifted prices early on.
Read moreGold Slips Below Unchanged Following Upbeat U.S. Economic Data
Gold prices lost modest early gains and are trading slightly lower in late-morning dealings Wednesday. The yellow metal was pressured a bit following some upbeat U.S.
Read moreU.S. ISM Manufacturing Index Rises To 51.3%
(Kitco News) – The U.S. manufacturing sector saw a surge in momentum last month, according to the latest data from the Institute for Supply Management (ISM).
Read moreOECD Downgrades U.S. Economy For The Third Time, Sees 1.8% Growth? In 2016
(Kitco News) -Although economic growth is expected to pick up later in the year, the U.S. economy is still expected to struggle as one global economic foundation has reduced its outlook for the third time.
Read moreBarrick Gold Corp. Reaches $140 Million Settlement Agreement In Lawsuit
Barrick Gold Corp. (NYSE, TSX: ABX) says the company has agreed to pay $140 million to settle a class-action investor lawsuit before a U.S. district court in New York.
Read moreFed Tightening Has Been Good for Gold
As we begin the last month of the first half with the US dollar backing up a bit, gold holding above $1,200/oz. support and facing imminent Federal Reserve (Fed) tightening, it seems appropriate to review the historic relationship between the price of …
Read moreGold Gains Some Momentum On Overnight Dollar Weakness
It is possible all the hype of a “potential” rate increase has been factored into the market but it remains premature to call a turn.
TD Securities: Gold Retreat Since Mid-May No More Than ‘Badly Overdue Correction’
TD Securities describes the slide in gold the last couple of weeks as a “correction” and “profit-taking” rather than anything more ominous.
Gold Sees Short-Covering, Bargain-Hunting Bounce
Gold is moderately higher in early U.S. trading, on some short covering in the futures market and some bargain hunting in the cash market, after prices hit a 3.5-month low on Tuesday.
Read moreGold Sees Modest Corrective Bounce
Gold prices are modestly higher in early U.S. trading, on A corrective bounce from recent strong selling pressure That drove prices to a 3.5-month low on Tuesday.
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