U.S. Pending Home Sales Rise 3.5% In February
Kitco News reports on the National Association of Realtors’ pending home sales index for February.
Read moreBargain Hunters Defend Key $1,200 Level In Gold
An early dip toward the psychologically and technically significant level in gold at $1,200 early on Monday was met with bargain hunting and fresh buying support.
Read moreBanro: 2015 Gold Production Falls Within Guidance; Namoya To Boost 2016 Output
Banro Corp. (TSX, NYSE MKT: BAA) reports 2015 gold output of 183,369 ounces that was within guidance, with more expected this year now that the Namoya mine has hit commercial production.
Read moreBBH: Markets To Eye First Major Yellen Speech Since Last FOMC Meeting
A speaking appearance by Fed Chair Janet Yellen on Tuesday will be one of the key events markets will be watching this week, says Brown Brothers Harriman.
Read moreGold Steady-Weak, At 5-Week Low, Amid Less Risk Aversion, Rebounding Greenback
Gold prices are steady to slightly lower in early U.S. trading Monday, and did notch a five-week low overnight. Less risk aversion in the marketplace to start the trading week is a negative for safe-haven gold.
Read moreGold Pressured By Less Risk Aversion, Firmer U.S. Dollar
Gold prices are weaker in early U.S. trading, as a strengthening U.S. dollar index recently is bearish for the precious metals.
Read moreUnlikely Apple, Google Will Enter The Auto Market – Carlos Ghosn
(Kitco News) – Are rumors true that Apple and Google are entering the auto market? Is the electric car dead once again?
Read moreU.S. Economy Expanded By 1.4% In Q4, 2.4% For All Of 2015
(Kitco News) – The U.S. economy growth in the fourth quarter of 2015 was slightly stronger than expected, according to the latest data from the Commerce Department.
Read moreThe 6PM Recap With Gary Wagner: The Fed’s Loose Lips Helping To Swamp Economic Ship
James Bullard, had of the ST. Louis Federal Reserve Bank and a voting member of the Federal Open Market Committee felt a compulsion to comment on the decisions that he agreed with just last week. Correct us if we’re wrong, but it seems that this contradictory posturing by many Fed presidents, voting and non-voting, is cause for alarm because it creates volatility born of second-guessing.
Gold’s Support Levels Key Ahead of Nonfarm Data – Analysts
With gold hitting a four-week low at the end of a volatile week, market participants will be watching if key support, at $1,200 an ounce, will be tested in the near-term.
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