Gold Has Similar Pattern To 1999; Short-term Pressure Ahead Says Technician
In 1999, the gold market rallied at the start of the year before settling into a range, so is history repeating itself for the metal?
Read moreGold Down On More Profit Taking, Bearish Outside Markets
Gold prices ended the U.S. day session solidly lower Wednesday, on follow-through selling and more profit-taking pressure from Tuesday’s declines.
Vote Now In The Kitco Weekly Gold Survey
Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Read moreCould Gold Be David Einhorn’s Top Pick At Sohn This Year?
As investors eagerly await top hedge funds managers’ 2016 calls at the 21st annual Sohn Investment Conference for charity, kicking off later today, are wondering if gold to be among the top picks.
U.S. Service Sector Sees Strong Growth In April
(Kitco News) -The U.S. service sector continued to grow last month, once again outpacing the manufacturing sector, according to the latest data from the Institute for Supply Management (ISM).
Read moreCenterra Gold 1Q Earnings Decline Along With Production
Primero Mining Corp. (TSX: P; NYSE: PPP) lists a net loss for the first quarter, explaining that results were impacted by changes to the mining sequence at San Dimas to allow for implementation of enhanced ground-support standards for safety purposes.
Gold Has Room To Run Higher, But To Hit Resistance: Commerzbank
Despite Wednesday’s selloff, gold could have room to move a little bit higher before the market sees stronger profit taking, according to analysts at Commerzbank.
Gold Continues to Back Away from $1,300 on Hawkish Fed Comments
The US Dollar Index recovered from its lowest levels in over a year adding to some responsive profit taking in gold in front of the widely watched $1,300/oz. level.
Read moreGold Weaker But Downbeat ADP Jobs Number Limits Pressure
Gold prices are modestly lower in early U.S. trading Wednesday, on some follow-through selling and profit-taking pressure that surfaced Tuesday.
Read more156K Private Sector Jobs Added In April
(Kitco News) – The U.S. labor market is showing signs of slowing momentum as private sector employment was weaker than expected, falling below 200,000, latest data released by payrolls processor ADP.
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