Citi Hikes Gold Forecast, Sees $1,300/Oz Average In Third Quarter
Citi Research hiked its forecasts for most commodities, including gold, on Tuesday.
Read moreGold Prices Fall To 4-Week Low With Market Missing Key Asian Pillar
Gold remains on the defensive Tuesday, with prices falling to a four-week low, and there are some concerns that the lack of Asian demand could lead to lower prices in the near term.
Read moreU.S. New Home Sales Rise 16.6% In April
Kitco News reports on U.S. new home sales data for April
Read moreKinross: Unionized Workers Begin Strike At Tasiast Mine In Mauritania
Unionized workers Tuesday initiated a strike at the Tasiast mine in Mauritania, reported Kinross Gold Corp. (TSX: K; NYSE: KGC).
Commerzbank: Gold Demand Continues Shifting From East To West
At least for now, the flow of gold seems to be shifting from Eastern to Western nations, says Commerzbank.
Read moreAs Gold Waits the Next Catalyst an Inflation Beta Update
The precious metals market appears to be stuck in a déjà vu all over again situation similar to 2015. Hawkish Federal Reserve rhetoric and strength in the US dollar and stock market are pressuring US dollar gold prices.
Traders Desperate For Clarity
Metals continue to struggle against the grinding stronger dollar as traders are desperately looking for clarity on rate hikes.
Read moreGold Hits 4-Week Low; Firming U.S. Dollar Index Bearish
Gold prices are lower and scored a four-week low in early U.S. trading Tuesday. The recent rally in the U.S. dollar index remains a bearish outside market force for the precious metals markets.
Read moreHecla To Acquire Mines Management, To Accelerate Evaluation Of Montanore
Hecla Mining Co. (NYSE: HL) has agreed to acquire Mines Management, Inc. (NYSE MKT: MGN, TSX: MGT), the companies report.
Read moreGold Hits 4-Week Low Amid Firmer U.S. Dollar
Gold prices are lower and hit a four-week low Tuesday, pressured In part by a firmer U.S. dollar index on this day.
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