The 6PM Recap With Gary Wagner: Oil Dances Some More Helping Gold To Move Up
One month ago, crude oil closed at 33.35. Today it settled at $32.15. In between those marks, the swing above and below $30 per barrel has been about 10% on either side of the line. It hasn’t budged out of the range. Normally, 10% is a big number. Given the painfully low price of oil, the 10% has been devalued, if not in reality, then psychologically.
Dutch Central Bank Looking At Moving Gold In Amsterdam Vault
The Dutch central bank could have a slight problem on their hands, they might have to move more than 189 tonnes of gold from vaults in Amsterdam, currently worth more than $7 billion.
Read moreBNP Paribas Sticks To Sub-$1000 Gold Forecast For 2016, Despite 17% Rally
(Kitco News) – Although some banks have shifted their outlook on gold, as global market uncertainty propelled prices up more than 17.5% on the year, one bank remains firm that prices will move lower.
Read moreGold Rallies Amid Wobbly World Stock Markets; Safe-Haven Demand Featured
Gold prices ended the U.S. day session solidly higher Wednesday, on follow-through technical and safe-haven buying following Tuesday’s decent gains.
Vote 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 moreGold Extends Early Gains As U.S. Stock Indexes Sharply Lower
Gold prices are trading sharply higher in late-morning dealings Wednesday, boosted on more intense safe-haven demand as U.S. equities are selling off sharply.
Read moreU.S. New Home Sales Fall 9.2% In January
Kitco News reports on U.S. new home sales for January.
Read moreCommerzbank: Gold Premium Over Platinum Hits Record
Gold continues to outperform platinum and silver as the yellow metal benefits from safe-haven flows in 2016, says Commerzbank.
Read moreGold Rallies on Safe-Haven Demand as Stock Markets Again Wobbly
Gold prices are solidly higher in early U.S. trading Wednesday, on follow-through technical and safe-haven buying following Tuesday’s decent gains.
Continental Gold: Feasibility Study On Buriticá Project
Advanced-exploration and development company Continental Gold Inc.(TSX: CNL; OTCQX: CGOOF) says that a feasibility study shows that its Buriticá project in Colombia would be an ‘economically robust, high-grade underground gold mine.’