Mining Stocks Mostly Higher; Kinross Boosted By Tasiast News
Shares of most gold-mining companies rose with the metal itself during the first four days of the week, with Kinross Gold Corp. among the top gainers after announcing new plans for further developing its Tasiast mine.
Read moreU.S. ISM Manufacturing Index Rises To 51.8 In March
(Kitco News) – The U.S. manufacturing sector continued to build momentum last month, rising into expansion territory, according to the latest data from the Institute for Supply Management (ISM).
Read moreGold Is A Big Winner In First Quarter, What’s Next?
The first quarter results are in and gold and gold stocks are crushing returns in the broader equity market, oil and even bonds.
Read moreWaiting For Jobs Number
Markets remain invested in U.S. employment data. We expected a test of the $1,250 level yesterday but the market ran out of steam at the $1,245 area and slid lower overnight as traders squared off ahead of today’s employment data.
Gold Lower Following As-Expected U.S. Jobs Data
Gold prices are weaker in early U.S. trading Friday and did not show much reaction to the just-released U.S. employment report that was in line with market expectations.
Read moreU.S. Economy Created 215K Jobs In March
Kitco News reports on U.S. nonfarm payrolls data for March
Read moreYamana: Copper-Purchase Agreement To Fund Riacho Dos Machados Acquisition
Yamana Gold Inc. (TSX: YRI; NYSE: AUY) announces a copper-purchase agreement that will fund purchase of the Riacho Dos Machados gold mine and increase the company’s exposure to gold while reducing exposure to copper.
Gold Weaker – U.S. Jobs Report On Deck
Gold Prices are weaker in early U.S. trading, pressured as worldwide investor risk aversion this week has not been keen.
Read moreThe Key Word For Every Market From Gold To Equities To Currencies Is Jobs
> Continued dollar weakness and buying in an oversold market sent gold, silver and platinum higher today. Palladium sat out the recovery from yesterday’s surprise drop in precious metals.
The U.S. dollar/euro pair gave the win today to the euro, which was up substantially against the American currency. The greenback will close the first quarter with its worst three months since 2010. This quarter shows the dollar off more than 4.00%.
The Key Word For Every Market From Gold To Equities To Currencies Is Jobs
> Continued dollar weakness and buying in an oversold market sent gold, silver and platinum higher today. Palladium sat out the recovery from yesterday’s surprise drop in precious metals.
The U.S. dollar/euro pair gave the win today to the euro, which was up substantially against the American currency. The greenback will close the first quarter with its worst three months since 2010. This quarter shows the dollar off more than 4.00%.