Gold Holding Solid Gains Above $1,100, Near Daily Highs, as U.S. Stock Market Tumbles
Gold prices are seeing a good safe-haven bid and hovering near their daily highs just above $1,100.00 an ounce as midday approaches Wednesday. Plunging U.S. stock indexes that have hit multi-month lows are creating high anxiety among traders and invest…
Read moreCiti Research Revises Upward 2016 Gold Forecast To $1,070/Oz
Citi Research has revised its 2016 average forecast for gold up by 7.5% to $1,070 an ounce, commenting that safe-haven buying is supportive at the start of the year although a stronger U.S. dollar will still take a toll on the precious metal.
Read moreNew Gold Exceeds 2015 Guidance With Record Gold Output
New Gold Inc. (TSX, NYSE MKT: NGD) says it exceeded its 2015 output guidance with record full-year gold production of 435,718 ounces. The guidance range was 390,000 to 430,000 ounces.
Read moreVote Now In The Kitco Weekly Gold Survey
Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Read moreU.S. Housing Starts Fall 2.5% To 1.149 Million Units In December
U.S. housing starts fell 2.5% in to a seasonally adjusted annual rate of 1.149 million units during December, the Commerce Department said Wednesday.
Read moreU.S. Consumer Price Index Falls 0.1% During December
Consumer prices in the U.S. decreased by a seasonally adjusted 0.1% during December, the Labor Department said Wednesday.
Read moreGold Pushes Above $1,100 on Safe-Haven Buying as Risk Aversion Quickly Returns to Marketplace
Gold prices are posting good gains in early U.S. trading Wednesday and have poked above $1,100.00 on renewed safe-haven demand.
Read moreWhat’s Next: Equity Turnaround or Gold Rally? – Mitsubishi
Gold prices rallied Wednesday as the Dow tumbled to multi-year lows and Nymex crude futures dropped to another 12-year low below $27 a barrel.
Read moreGold Boosted On Safe-Haven Demand Amid Heightened Risk Aversion
Gold is seeing renewed safe-haven demand and prices are trading moderately higher this morning.
Read moreThe 6PM Recap With Gary Wagner: From Carousel To Roller Coaster Have Your Tickets Ready
What are the tealeaves saying fundamentally? The huge number of signals, cross signals, coded messages, encrypted ideas and so forth make it very difficult to come to a clear understanding.
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