Chicago Manufacturing Sector Finds Momentum in March
(Kitco News) – Manufacturing in the Midwest is finding some momentum in March as the sector moves out of contraction territory, according to the latest Chicago Purchasing Managers Index
Read moreU.S. Weekly Jobless Claims Rise By 11,000
Kitco News reports on U.S. weekly jobless claims.
Read moreGold Below $1,200 Likely, But Has Seen Its Low – GFMS Gold Survey 2016
Short-term bearish calls for gold are growing in the marketplace, with analysts at Thomson Reuters GFMS forecasting gold to fall below $1,200 an ounce in the coming months.
Read moreGold Up As U.S. Dollar Index Slumps to 5.5-Mo. Low
Gold prices are moderately higher in early U.S. trading Thursday.
Read moreSilver Wheaton Increases Bought Deal Financing To $550 Million
Silver Wheaton Corp. (TSX, NYSE: SLW) officials say that due to strong demand, the streaming company has increased the size of its previously announced public offering to 33,135,000 shares at a price of $16.60 per share.
Read moreGold Rebounds Amid Lower U.S. Dollar Index
Gold prices are moderately higher in early U.S. trading on a corrective rebound from recent selling pressure. This Week’s sell off in the U.S. dollar index is also an element Working in the gold bulls’ favor.
Read moreThe 6PM Recap With Gary Wagner: The Economy May Be Much Hotter Than Yellen Says
Mark Zandi, chief economist of Moody’s Analytics (a participant in the employment surveys with ADP), called the March reading consistent with average monthly job growth of the past four years. “All indications are that the job machine will remain in high gear,” he said. He said job growth was on an “amazing streak.”
Gold Prices Could Hold $1,200 On Stronger Employment
Even faced with a positive U.S. nonfarm payrolls report, gold’s momentum is expected to keep prices above $1,200 an ounce, according, to some analysts.
Gold Sees Corrective Pullback Amid Better Risk Appetite
Gold prices on Wednesday ended the U.S. day session moderately lower and took back around half of Tuesday’s solid gains.