Gold Sinks to 3-Week Low in Aftermath of Hawkish FOMC Minutes
Gold prices ended the U.S. day session solidly lower and scored a three-week low Thursday, on follow-through selling pressure in the wake of bearish FOMC minutes that were released Wednesday afternoon.
Read moreShould Gold Traders Care If The Fed Hikes In June? No, Here’s Why
May 19 – Markets don’t go in a straight line up or down. There are squiggles, pauses, rips and dips in trends.
Selloff In Gold To Create New Buying Opportunity – Saxo Bank
Gold prices are off their lows but still remain under pressure Thursday morning on rising expectations for a U.S. interest rate hike as early as June.
Read moreVoting Fed Members Avoid Interest-Rate Talk Thursday After Hawkish Minutes
A day after a surprise hawkish tone in minutes of the April Federal Open Market Committee meeting, Fed members have failed to shed any light on interest-rate expectations.
Read moreKirkland Lake CEO: Mergers To Pick Up In Gold Sector; Company In Transitional Year
Mergers between gold-mining companies may start picking up again as officials look to replace reserves after reduced exploration efforts in recent years when lower prices dented revenues, says George Ogilvie, president and chief executive officer of Ki…
Read moreGartman Says He is Steering Away From Dollar/Gold
Famed newsletter writer Dennis Gartman says days like Wednesday, are the reason he prefers owning gold in non-US dollar terms.
Read moreShareholders Approve Silver Standard Acquisition Of Claude Resources
Silver Standard Resources Inc. (NASDAQ: SSRI; TSX: SSO) and Claude Resources Inc. (TSX: CRJ) report that shareholders have approved a previously announced merger agreement in which Silver Standard will acquire Clause Resources.
Read moreU.S. Weekly Jobless Claims Fall By 16,000 To 278,000
U.S. Weekly Jobless Claims Fall By 16,000 To 278,000
Read morePhilly Fed Survey Falls To -1.8 In May
The headline index for a survey of manufacturers in the Philadelphia area saw some slowing momentum in May, showing a reading of -1.8, according to a report from the Philadelphia Federal Reserve.
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