Gold Pulls Back Amid Risk-On Day, Rebound in U.S. Dollar
Gold prices are solidly lower Wednesday, on a corrective pullback from recent gains, and as investor risk appetite is on the upswing at mid-week.
Read moreGold Backs Down Amid Risk-On Trading Day
It’s a “risk-on” day in the marketplace so far Wednesday, as world stock markets have rallied and safe-haven asset gold is solidly lower.
Read moreCrude Prices Soar And Dominate The Conversation
As of mid-afternoon, West Texas Intermediate is up around 4.5% with Brent North Sea Crude following closely behind.
Read moreDollar, Negative Rates Boost Gold; Trader Eyes $1,280/oz
(Kitco News) – NEW YORK (Kitco News) – Gold and silver traders are happy Tuesday as the metals settle higher, and one veteran trader sees more upside for the metals as more investors will jump into the market.
Gold Up, Hits 3-Wk High; Silver Pushes to 5.5-Mo. High
Gold prices ended the U.S. day session modestly higher and hit a three-week high Tuesday. Silver prices have popped this week and scored a 5.5-month high today.
Read moreIMF Downgrades Global Economic Outlook For 2016 and 2017
(Kitco News) – Once again the global economy is not as strong as initially expected, as the International Monetary Fund has downgraded its outlook for this year and next.
Read moreGold Backs Off On Profit-Taking, U.S. Dollar Index Rebounds
Gold prices have slipped below unchanged in late-morning trading Tuesday.
Read moreNewmarket Q1 Production Boosted By Record Output At Fosterville
Newmarket Gold Inc. (TSX: NMI) reports first-quarter production of 58,057 ounces of gold, down slightly from 59,676 in the year-ago period but up from 53,179 in the fourth quarter.
Read moreIndian Gold Buying Returning Post Jeweler Strike – HSBC
Indian gold buying is gradually returning to the market, helping offset the recent abatement in demand from gold exchange-traded funds, says HSBC.
Read moreGold, Silver Hit 5.5-Mo. High; Depreciating USD Bullish For PMs
Gold prices are firmer and hit a three-week high in early U.S. trading Tuesday. Silver prices have popped this week and hit a 5.5-month high today.
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