Credit Agricole Analysts See $1,320 Gold In December
Credit Agricole looks for continued strength in gold prices on demand for the metal as protection on two fronts — risk aversion and inflation.
Read moreI’m Bullish. No I’m Bearish. No I Think I’m Bullish Again
Yesterday everyone was giving up on gold. Today, we are again flirting with resistance. The Fed may raise rates in June say the pundits.
Read moreWeekly Jobless Claims Rise By 17K To 274,000
(Kitco News) – First-time weekly jobless claims in the U.S. rose by 17,000 to a seasonally adjusted 274,000 during the week to Saturday, the Labor Department said Thursday.
Gold Rebounds On Bargain Hunting Following Recent Pressure
Gold prices are higher in early U.S. trading Thursday, on a “buy the dip” bounce following the recent profit-taking selling pressure.
Endeavour Silver’s 1Q Net Income Rises Despite Decline In Output
Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) reports improved first-quarter earnings from a year ago, helped as costs fell even though production and silver prices did likewise.
Read moreSilver Posts 2015 Record Demand, Huge Deficit: World Silver Survey
Silver has finally caught up to gold’s rally, with prices hitting 15-month highs earlier in the week, and according to one analyst closely watching the metal, the optimism should continue.
Gold Consolidates Awaiting Friday’s Jobs Data & the Next Catalyst
Gold and global markets have stabilized in anticipation of Friday’s April US unemployment measure.
Gold Sees Corrective Bounce
Global stock markets were mostly higher Thursday, as crude oil prices rebounded smartly from losses seen earlier this week. Japan’s markets remained closed for a public holiday.
Read moreYamana Gold Posts First Quarter Profit As Gold Output Rises, Costs Fall
Yamana Gold Inc. (TSX: YRI; NYSE: AUY) reversed to a profit in the first quarter as gold production rose and costs per ounce fell, more than offsetting the impact of lower prices.
Read moreYep, We Were Right, Gold Is Hot At Sohn
(Kitco News) – Although David Einhorn, president of Greenlight Capital has yet to speak at the Sohn Investment Conference, which raises money for charity, gold has already been the hot topic of the day.
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