Gold Sees Positive Demand In Britain As Country Faces Brexit Referendum In June
(Kitco News) – Demand for gold in Britain appears to strong with prices against the British pound on the rise at the start of the week as the country faces a significantly weaker currency and uncertainty over a “Brexit” continues to grow.
Stillwater Mining Remains Profitable In 4Q Even As PGM Prices Decline
Stillwater Mining Co. (NYSE: SWC), the world’s largest primary producer of platinum group metals outside of Russia and South Africa, reported Monday that the company remained profitable in the fourth quarter despite lower prices of metals.
U.S. Flash PMI Falls to 51, Lowest Reading Since Sept. 2009
(Kitco News) – Preliminary estimates show that the U.S. manufacturing sector fell to its weakest level in more than three years.
Read moreBarrick Lists Four Studies With Potential To Add To Production
Barrick Gold Corp. (NYSE, TSX: ABX) says four projects, for which it announced results of studies, have potential to add to or accelerate production at Cortez, Goldrush, Lagunas Norte and Turquoise Ridge.
Read moreGold Solidly Lower on Profit Taking, Stronger U.S. Dollar
Gold prices are solidly lower in early U.S. trading Monday, on profit-taking pressure from recent gains, a higher U.S. dollar index on this day, and amid generally improving risk sentiment in the world marketplace early this week.
Read moreCommerzbank, RBC: Gold Prices Decline As Global Equities Strengthen
A sharp rise in global equities has left gold under pressure early Monday, analysts report. European stocks climbed overnight, and the March S&P 500 futures are up by 18.50 points as of 7:52 a.m. EST.
Gold Down On Better Risk Appetite, Higher U.S. Dollar
Gold prices are solidly lower in early U.S. trading, on some profit taking and keener risk appetite in the world marketplace Monday.
Read moreThe 6PM Recap With Gary Wagner: Gold Holds Steady as Oil Sinks and Equities Struggle
Gold stayed more or less steady as the session and week neared an end. Spot gold was down, but the April futures contract was up. While it’s easy enough to name suspects in today’s maintenance of the status quo in the yellow precious metal’s price, we will cite some real reasons below.
Shaky Equity Markets To Support Gold Next Week Say Analysts
Despite gold’s impressive four-week rally coming to end this week, analysts still see volatile equity markets supporting the metal’s prices.
Gold-Price Dip Not Deterring Kitco Survey Participants; Sentiment Still Positive
Although positive sentiment in the gold market has fallen from its recent highs, retail investors and market analysts continue to expect to see higher prices in the near term, according to this week’s Kitco News Wall Street vs. Main Street Gold Survey.