U.S. Weekly Jobless Claims Rise 6,000 To 265,000
First-time weekly jobless claims in the U.S. rose by 6,000 to a seasonally adjusted 265,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Hits 4-Week Low, on Follow-Through Selling, Higher USD
Gold prices are modestly lower in early U.S. trading Thursday and hit a four-week low overnight. Follow-through technical selling pressure is featured after strong losses posted Wednesday.
Read moreEldorado Gold Posts 2015 Adjusted Profit But Will Suspend Dividend
Eldorado Gold Corp. (TSX: ELD; NYSE: EGO), often in the news because of its challenges over licensing with the Greek government, reports an adjusted profit for 2015 despite lower gold prices but is suspending its dividend. The company lost $1.24 billio…
Read moreAdrian Day: Gold Correction Ahead But Market To Remain Strong
Fund manager Adrian Day sees a correction ahead in gold but also sees potential for further upside this year. Even with Wednesday’s pullback, the precious metal has risen sharply so far in 2016.
Gold Weaker On Follow-Through Technical Selling, Firmer U.S. Dollar
Gold prices are weaker again and hit a four-week Low overnight, on follow-through technical selling And pressured by a firmer U.S. dollar index this week.
Read moreThe 6PM Recap With Gary Wagner: Stocks Swoon Along With Gold And Oil But Keep Your Eye On Fed Rates
Poor earnings, plus sagging crude oil, and an extraordinary loss in a patent case in the biotech sector, weighed on equities prices today.
Read moreSpot Gold Hits 4-week Low as Risk Appetite Returns
Risk appetite is back in the market and gold slides this Wednesday. Does the yellow metal still have a chance to move higher?
Read moreCould Soc Gen’s Bearish Gold Calls Be Coming True?
French Bank Societe Generale has been bearish on gold since the start of the year, despite the metal’s 15% gains. With gold down this Wednesday, hitting a three-week low, could the bank be right?
Junior Miner Proving: Slow And Steady Wins The Race
(Kitco News) – One junior Canadian mining company hopes to set an example that organic growth can be a successful model in the industry.
Read moreGold Rally Can’t Hold; Soc Gen Sticks To Forecast
French Bank Societe Generale has been bearish on gold since the start of the year, despite the metal’s 15% gains. With gold down this Wednesday, hitting a three-week low, could the bank be right? I
Read more