U.S. Weekly Jobless Claims Fall By 16,000 to 269K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 16,000 to a seasonally adjusted 269,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Soars To 12-Mo. High On Safe-Haven Demand As Markets Near Panic Mode
A spooked world marketplace has prompted keen safe-haven demand for gold that has sent the precious metal to a 12-month high above $1,240.00 an ounce in early U.S. trading Thursday.
Read moreAgnico Eagle Mines Reports Adjusted Profit For Fourth Quarter
Agnico Eagle Mines Ltd. (NYSE, TSX: AEM) late Wednesday reported an adjusted profit for the fourth quarter as production rose and costs fell, even though gold prices were down from the prior year.
Read moreFranco-Nevada To Acquire Precious-Metals Stream From Glencore For $500 Million
A Franco-Nevada Corp. (TSX, NYSE: FNV) subsidiary has agreed to acquire a precious-metals stream for production from Glencore Plc’s Antapaccay copper mine, located in southern Peru, for $500 million.
Gold Soars On Safe-Haven Demand Amid World Markets Turmoil
Safe-haven gold soared to a 12-month high above $1,240 an ounce Thursday.
Read moreKinross Reports 4Q Loss On Write-Downs, Lower Output But Expects Record Production In 2016
Kinross Gold Corp. (TSX: K; NYSE: KGC) posted a loss for the fourth quarter on an impairment charge, lower production and weaker gold prices, although the company is forecasting record output and lower all-in sustaining costs for 2016.
The 6PM Recap With Gary Wagner: Yellen is so loud she’s waking up gold
But Yellen said it was premature to settle upon any tangible damage. She also suggested it was too soon to say whether the Fed would raise interest rates in March
Read moreMight Be Too Late To Get ‘Aggressively Bullish’ Gold – Commodities Broker
Gold prices have mildly retreated after strong gains at the start of the week, but despite the slight pullback, prices remain up on the year, which has one commodities broker bullish.
Read more‘Institutional Dignity’ of Fed Was At Stake; Now Living with Consequences – Jim Grant
All eyes were on Fed chair Janet Yellen’s testimony before Congress Wednesday to see if current financial conditions will delay the central bank’s tightening cycle.
Gold Weaker On Mild Profit-Taking, Chart Consolidation; Fed Chair Yellen’s Remarks A Non-Event
Gold prices ended the U.S. day session modestly lower but up from the daily low Wednesday, on a technical correction and some mild profit taking from the short-term traders following recent solid gains.
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