The 6PM Recap With Gary Wagner: Oil Rallies Like A Monster And European And American Equities Love It
At 3PM in New York, West Texas Intermediate is up 5% and Brent North Sea is over the moon, rallying more than 6%.
Read moreGold Giant Barrick Releases 2015 Production Results, In Line With Guidance
One of the world’s largest gold producers released production results for 2015, which came in line with company guidance of 6-6.15 million ounces for the year.
Revival of Safe-Haven Demand Lifting Gold – Capital Economics
(Kitco News) – While the turmoil in global equity markets is weighing on the industrial metals this month, gold is benefiting from a revival of safe- haven demand said research firm, Capital Economics on Thursday.
Read more‘Maybe’ Gold Bottoms In 2016 On Low Mine Supply – Ira Epstein
Although there is hope for gold in the near-term, one market professional still sees the potential for lower prices as seasonal factors start to wear off.
Read moreGold Sees Pressure On Technical Correction From Recent Gains, Rebound in U.S. Stock Market
Gold ended the U.S. day session moderately lower Thursday, on a downside technical correction and some mild profit-taking pressure following recent gains. A bounce in the U.S. stock market today also limited buying interest in the safe-haven precious m…
Read moreMarkets No Longer Expect March Fed Rate Hike; Supportive For Gold
The market majority no longer expects another hike in U.S. interest rates in March by the U.S. Federal Open Market Committee, which analysts say is supportive for gold prices.
Read moreCoeur CEO Comments on Silver Price & Market Volatility
Kitco News sits with Coeur Mining’s CEO Mitch Krebs to talk about silver’s recent price action and how he plans to position the company to excel under current market conditions.
Concerns Over China Dominate WEF2016, But Leaders Remain Optimistic
(Kitco News) – Concerns over China’s slowing growth could be overblown as the country continues a “historic transition” of its economy, according to some of the recent comments from the 2016 World Economic Forum (WEF) in Davos, Switzerland.
ECB Ready To Act But Markets Will Have To Wait Until March Meeting
(Kitco News) – Financial markets will have to wait until at least March to see if the European Central Bank (ECB) will introduce new monetary policy measures to support the region’s economy and promote stronger inflation.
U.S. Weekly Jobless Claims Rises To 293K, A Seven-Month High
(Kitco News) – First-time weekly jobless claims in the U.S. rose by 10,000 to a seasonally adjusted 293,000 during the week to Saturday, the Labor Department said Thursday.