Gold Ends Near Steady On Profit Taking, Chart Consolidation From Recent Gains
Gold prices ended the U.S. day session near unchanged Thursday, on mild profit taking and some technical chart consolidation after scoring a nearly three-month high Wednesday.
Read moreStocks Are Mixed as Energy Offsets Health Care
Stocks were mixed by midday Thursday as a rally in energy stocks offset a selloff in the health care sector.
Read moreGold: Shiny Today, Dull Tomorrow – Forecaster
Time to reel in the fish, gold bulls. One known forecaster says gold’s run-up is about to turn sour.
Barclays Forecasts 2016 PBOC Gold Purchases Of 215 Tonnes, Similar Monthly Rate As 2015
Barclays looks for gold purchases by China’s central bank to continue at a similar monthly pace as seen last year, estimating buying for 2016 to come in around 215 tonnes.
U.S. Weekly Jobless Claims Fall 16,000 To 278,000
First-time weekly jobless claims in the U.S. fell by 16,000 to a seasonally adjusted 278,000 during the week to Saturday, the Labor Department said Thursday.
U.S. Pending Home Sales Miss Expectations, Rise By 0.1%
(Kitco News) – The U.S. housing sector continues to grow, albeit at a slower pace than expected, as more consumers initiated the process of buying a home last month, according to the latest data from the National Association of Realtors (NAR).
Read moreThree Reasons To Hold Gold In 2016…In An Infographic
As the ‘fear trade’ continues to push more investors towards gold, an interesting infographic began circulating the wire giving three reasons why it may be a good idea to hold some of the yellow metal in your portfolio this year.
Frankfurt Now Holds Most Of Germany’s Gold
(Kitco News) – Germany’s gold repatriation plan continues to progress, picking up momentum in 2015, according to a press release from the Deutsche Bundesbank.
Gold Falls Below Unchanged on Corrective Technical Pullback, Mild Profit Taking
Gold prices have lost early gains to trade modestly lower in late-morning dealings.
Read moreCommerzbank: ETF Gold Holdings Up 51.4 Tonnes So Far In 2016
Gold continues to flow into exchange-traded funds, reports Commerzbank.
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