U.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.
Gold Could Benefit From Base In Crude Oil
Feb. 29 –Gold prices are firmer in early trading Monday, as the yellow metal continues to consolidate and build value at higher price levels. The recent consolidation appears to be forming a triangle pattern, which can be a bullish formation in an uptrend.
Newmont Mining Buying Back $500 Million In Senior Notes
OceanaGold Corp. (TSX/ASX/NZX: OGC) says design of the Haile project in South Carolina has been improved to allow a more “robust operation,” with construction are on schedule for first ore through the mill by the end of 2016.OceanaGold acquired Haile in a merger with Romarco Minerals Inc.
Citi Reiterates Positive View On Gold, Favors ‘Quality Names’
Citi’s strategy team has reiterated its positive view on gold as an asset class.
Gold Rallies On Safe-Haven Buying Amid Risk Aversion
Gold prices are moderately higher in early U.S. trading Monday, on some more safe-haven demand and chart-based buying. April Comex gold was last up $8.00 at $1,228.50 an ounce.
Read moreGold Sees Fresh Save-Haven Demand
Gold prices are higher on some fresh safe-haven demand To start the trading week.
Read moreThe Gold In All The Oscars In The World Equals 29.5 Ounces Or $36,000
(Kitco News) – The Academy awards will be hosted this Sunday and we couldn’t let you start the weekend without a few fun facts you can share with your friends over the weekend.
Gold Traders To Eye Jobs, Other Data For Clues On Fed Monetary Policy
Much of gold’s rally so far in 2016 has been fueled by market doubts that the Federal Reserve will hike interest rates again in the foreseeable future.
Survey Respondents Upbeat On Gold Despite Price Pullback
Despite higher volatility and lower prices in the gold market, retail investors and market professionals remain optimistic that prices will continue to make gains in the near term, according the Kitco News Wall Street vs. Main Street Gold Survey.
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