Gold Rallies As U.S. Dollar Index Weakens
Gold prices are posting decent gains in early U.S. trading Wednesday. A corrective bounce from selling pressure seen earlier this week is featured, as trading has turned choppy.
Read moreGold Bounces As U.S. Dollar Index Weakens
So far Wednesday is another uneventful day in the marketplace, with no major, fresh events to drive prices.
Read moreFirst Majestic Silver Posts 1Q Adjusted Profit On Higher Output, Lower Costs
(Kitco News) -First Majestic Silver Corp. (NYSE: AG; TSX: FR) reversed to an adjusted profit in the first quarter of 2016 as production rose sharply and costs fell, more than offsetting a decline in the price of silver itself.
Kinross Reports Net Loss But Small Adjusted Profit In First Quarter
(Kitco News) – Kinross Gold Corp. (TSX: K; NYSE: KGC) reported a net loss in the first quarter of 2016 but a small adjusted profit when excluding special items, with the bottom line dragged down by lower gold prices than a year ago, the company said late Tuesday.
Recoveries Dominate in US Equities and Gold but Today Was Not Your Traditional Risk On Day
Today’s big movers were crude oil’s two benchmark products, West Texas and Brent.
Brexit Vote Would Devalue Pound, Boost Inflation Says UK Think Tank
With the Brexit vote just a little over one month way, on a UK–based think tank warns voters that an exit from the European Union would lead to a weaker currency, higher inflation and lower economic growth.
It Works Eh! Canadian Junior Miner Raises 400K From Crowdfunding
(Kitco News) – Although the mining sector is a little late to the crowdfunding party, Canadian investors appear to be slowly embracing the new innovative funding concept as one Quebec junior mining company has been able to raise more than $400,000 in …
Read moreFed Dudley’s Comments On Dollar Could Be Good For Gold: Rickards
Recent comments on reserve currencies from the Federal Reserves’ second in command may actually be good for gold, this according to best-selling author of Currency Wars Jim Rickards.
Enough About Brexit, Britain Just Found Its Largest Gold Nugget
The UK has just found its largest gold nugget, worth roughly £50,000.
Sprott CEO: I’m a Pragmatic Gold Bug
John Wilson, CEO of Sprott Asset Management joins Bloomberg TV Canada’s Pamela Ritchie to discuss risks in the global markets and why that is bullish for gold prices. (Source: Bloomberg)
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