Gold Soars to 13-Mo. High As Bullish Momentum Building, Clues Raw Commodity Bust is Ending
Gold prices are sharply higher and have hit a 13-month high in late-morning trading Friday.
Read moreGold Rallies Despite Stronger-Than-Expected U.S. Jobs Data
Gold prices are moderately higher in morning dealings Friday, despite a just-released U.S. employment report that was stronger than market expectations.
Read moreEndeavour Mining Agrees To Acquire True Gold Mining
Endeavour Mining (TSX: EDV; OTCQX: EDVMF) reports higher production but lower all-in sustaining costs in the fourth quarter and full-year 2015. Fourth-quarter production rose 14% to 136,844 ounces, while all-in sustaining costs fell 6% to $934.
Read moreU.S. Economy Created 242K Jobs in February
Kitco News reports on U.S. nonfarm payrolls for February
Read moreGold Pushes To 13-Month High Overnight
A feature in the marketplace this year has been the solid rally in gold prices, which have appreciated over 15% so far in 2016. Gold futures prices hit a 13-month high above $1,275.00 an ounce overnight.
Read moreThe 6PM Recap With Gary Wagner: Equities Up Only Slightly On Job Data Worry As Gold Advances Strongly
In trading at 4 o’clock in New York, gold is sitting at $1261 per ounce. It is pulling the rest of the precious metals complex up, although it appears that raging palladium would do quite well if it went solo.
Another Bear Becomes Bull, CIBC Sees Potential For Gold To Hit $1,400
(Kitco News) – A former bearish bank is now jumping on the gold bandwagon, saying that it makes sense to own gold in an environment of growing market uncertainty and rising volatility.
Read moreGold Sees Solid Gains As U.S. Stock Indexes, U.S. Dollar Weaken
Gold prices ended the U.S. day session solidly higher and closed at a 13-month high close Thursday. Weaker U.S. stock indexes and a sell-off in the U.S. dollar index were bullish elements for the precious metal on this day. A firmly bullish near-term t…
Read moreOne Bank Sees Gold Well Supported, Ups Its Year-end Forecast To $1,250
Gold’s impressive start for 2016, up 18% on the year, is making one bullish bank even more optimistic.
U.S. ISM Non-Manufacturing Index Falls To 53.4% In February
(Kitco News) – U.S. domestic demand has been the one bright spot in what has been a faltering economy, but there are signs this segment is losing momentum, according to the latest non-manufacturing survey from the Institute for Supply Management (ISM)…
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