The 6PM Recap With Gary Wagner: Gold On Rampage As Equities Falter
As hopes for a more stable and subdued trading day in equities faded, gold leaped ahead to start the week. In late afternoon, gold is up over $16.
Read more2016 Is All About Seeing A Return On Investment – New Goldcorp CEO
(Kitco News) – For the new head of Goldcorp (NYSE: GG, TSX: G) 2016 is all about seeing a return on the company’s investment as it ramps up production at two of its newest mines: Éléonore in Northern Quebec and Cerro Negro in Argentina.
Gold Ends Higher On Safe-Haven Demand, Technical Buying, Downbeat U.S. Data
Gold prices ended the U.S. day session moderately higher Monday, on some mild safe-haven demand and chart-based buying.
Read moreMarkets Don’t Believe Warren Buffett’s View Of The Economy As Gold Rallies
First it was Federal Reserve Chair Janet Yellen and now it is the Oracle of Omaha himself who can’t seem to perk up equity markets, as investors continue to jump into safe-haven assets.
I Feel Like The Federal Reserve’s Lab Rat – John Hathaway
The Great Monetary Experiment, as a result of the 2008 financial crisis appears to be coming to a head and that will be good for gold as investors lose faith in paper currencies according to the manager of abillion dollar gold fund.
Read moreLBMA: Gold Ounces Transferred Daily Declines During January
The amount of gold transferred between accounts of London Bullion Market Association members fell during January, the organization reported Monday.
Read moreMoney Managers’ Net Length In Gold Futures Jumps 35% — CFTC Data
Large speculators’ net bullish positioning in gold soared on equity-market volatility, according to the Commodity Futures Trading Commission’s (CFTC) Commitments of Traders report.
Gold Extends Early Gains to Trade Solidly Higher
Gold prices have moved to double-digit gains in late-morning dealings Monday.
Read moreU.S. Pending Home Sales Fall 2.5% In January
(Kitco News) – The U.S. housing sector, one of the bright spots in the U.S. economy, dimmed last month as fewer consumers initiate the process of buying a home in January, according to the latest data from the National Association of Realtors (NAR). …
Read moreChicago Manufacturing Sector Contracts In February
(Kitco News) – Renewed momentum at the start of the year didn’t last as the manufacturing sector in the Mid-west appears to be losing ground in February, according to the headline index for the Chicago Business Barometer, widely known as the Chicago Purchasing Managers Index.