I Feel Like The Federal Reserve’s Lab Rat – John Hathaway
The Great Monetary Experiment, as a result of the 2008 financial crisis appears to be coming to a head and that will be good for gold as investors lose faith in paper currencies according to the manager of abillion dollar gold fund.
Read moreLBMA: Gold Ounces Transferred Daily Declines During January
The amount of gold transferred between accounts of London Bullion Market Association members fell during January, the organization reported Monday.
Read moreMoney Managers’ Net Length In Gold Futures Jumps 35% — CFTC Data
Large speculators’ net bullish positioning in gold soared on equity-market volatility, according to the Commodity Futures Trading Commission’s (CFTC) Commitments of Traders report.
Gold Extends Early Gains to Trade Solidly Higher
Gold prices have moved to double-digit gains in late-morning dealings Monday.
Read moreU.S. Pending Home Sales Fall 2.5% In January
(Kitco News) – The U.S. housing sector, one of the bright spots in the U.S. economy, dimmed last month as fewer consumers initiate the process of buying a home in January, according to the latest data from the National Association of Realtors (NAR). …
Read moreChicago Manufacturing Sector Contracts In February
(Kitco News) – Renewed momentum at the start of the year didn’t last as the manufacturing sector in the Mid-west appears to be losing ground in February, according to the headline index for the Chicago Business Barometer, widely known as the Chicago Purchasing Managers Index.
Gold Could Benefit From Base In Crude Oil
Feb. 29 –Gold prices are firmer in early trading Monday, as the yellow metal continues to consolidate and build value at higher price levels. The recent consolidation appears to be forming a triangle pattern, which can be a bullish formation in an uptrend.
Newmont Mining Buying Back $500 Million In Senior Notes
OceanaGold Corp. (TSX/ASX/NZX: OGC) says design of the Haile project in South Carolina has been improved to allow a more “robust operation,” with construction are on schedule for first ore through the mill by the end of 2016.OceanaGold acquired Haile in a merger with Romarco Minerals Inc.
Citi Reiterates Positive View On Gold, Favors ‘Quality Names’
Citi’s strategy team has reiterated its positive view on gold as an asset class.
Gold Rallies On Safe-Haven Buying Amid Risk Aversion
Gold prices are moderately higher in early U.S. trading Monday, on some more safe-haven demand and chart-based buying. April Comex gold was last up $8.00 at $1,228.50 an ounce.
Read more