Gold Traders To Monitor Equities, Crude Oil, U.S. Data For Clues On Price Direction
All eyes in the gold market will be on global equities and crude oil next week as traders watch to see if these markets continue to collapse, thereby lending a safe-haven bid to gold.
Read moreOptimism For Gold Next Week As Metal Pops Friday – Kitco’s Weekly Survey
A volatile week for gold, to say the least, and investors seem to be more optimistic on the yellow metal for next week, this according to Kitco News’ weekly Wall St vs. Main St survey.
Mining Stocks Slide This Week With Gold; Greek Standoff Hurts Eldorado
Mining stocks for producers of precious metals took a hit during the first four days of the week as the prices of gold and silver fell, with shares of Eldorado Gold Corp. also hurt by the continuing showdown with the Greek government.
Read moreU.S. Producer Price Index Falls 0.2% During December
Producer prices for finished goods in the U.S. decreased by a seasonally adjusted 0.2% during December, the Labor Department said Friday.
Read moreU.S. Retail Sales Decrease 0.1% in December
Retail sales in the U.S. decreased by 0.1% during December, the Labor Department said Friday.
Read moreEmpire State Manufacturing Index Falls To -19.4 In January
The Empire State manufacturing survey shows business conditions in New York worsened significantly in January, after having declined for five consecutive months, the New York Federal Reserve said Friday.
Read moreGold Sharply Higher, Closing in on $1,100, as U.S. Stock Market Setting Up for Big Plunge
Gold prices are firmly higher in early U.S. trading Friday, on more safe-haven buying interest heading into what is a three-day holiday weekend for U.S. traders.
Read more‘Enough Reasons’ For Gold To Get Attention: RBC’s Gero
Gold equities are positioned to offer genuine leverage to any recovery in the price of gold, says UBS.
Read moreDetour Within 2015 Output Guidance, Extends Electricity Contract To 2024
Detour Gold Corp. (TSX: DGC) reports 2015 gold production of 505,558 ounces, above mid-point of guidance, with fourth-quarter record output off 146,417 ounces.
Read moreGold Up On Safe-Haven Demand Amid Marketplace Anxiety
There is once again keener risk aversion in the world marketplace Friday. That has gold posting decent gains on safe-haven buying.
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