Interest Rates Could Rise ‘Fairly Soon’- Fed Governor Powell
Gold prices have closed at their lowest level since early April; however, the market continues to take hawkish comments from Federal Reserve members in stride.
Read moreGold Ends Weaker, Can’t Hold Modest Early Gains
Gold prices ended the U.S. day session modestly lower Thursday and gave up early tepid gains. Prices closed at a seven-week low close today.
Read moreWho’s Buying Gold Now: 4 Ways To Buy The Gold Dip
Gold got pummeled this week. The recent failed triangle breakout emboldened short-term speculators to sell on rallies.
Read moreWill Miners Break Down Into Brexit, Fed Meeting?
The highly anticipated vote on whether the UK leaves the European Union is fast approaching on June 23. However, the Federal Reserve meeting, June 14-15, precedes that vote.
Read moreLBMA launches Precious Metals Code
The London Bullion Association (LBMA) launched a new code that will apply to all precious metals market participants on Thursday.
Read moreWhat Impact Does $50 Oil Have On Gold?
Although higher oil prices can be supportive for gold, analysts note that it won’t be a significant factor as precious-metals traders remain focused on potential interest-rate hikes.
Americas Silver Corp. Names Davidson Chairman, Resumes Full Operations At Nuestra Señora
Americas Silver Corp. (TSX: USA; OTCQX: USAPF) reports that director Alex Davidson has been elected chairman of the board, effective Thursday. Peter Hawley has stepped down as chairman but will continue to act as a director, the company says.
Read moreNomura Looks For U.S. Economy To ‘Reaccelerate’ In Second Half
Nomura Global Economics looks for U.S. economic activity to “reaccelerate above potential in the second half of the year before gradually ratcheting down closer to trend growth
Gold vs. Crude Oil – Gold Generally Wins
The two most significant commodities are crude oil and gold.
Read moreU.S. Durable Goods Orders Rise 3.4% In April
(Kitco News) – The manufacturing sector a significant momentum in April, adding to gains seen in March, as orders for durable goods increased, according to the latest data from Department of Commerce.
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