Short Covering Pushed Gold Prices To One-Year Higher – CFTC
(Kitco News) – Although hedge funds continued to dip into the gold market, it was the exiting of their short bets that drove prices to a one-year high, according to the latest data from the CFTC.
Read moreGold Down Amid Risk-On Day in Marketplace, Higher U.S Dollar Index
Gold prices ended the U.S. day session about where they started it Monday–solidly lower. Profit-taking pressure from recent gains, a higher U.S.
Read moreKitco News Is On The Road Again, This Time At BMO’s Top Mining Conference
One of the year’s most important mining conferences is just around the corner, and the Kitco News team will be on the frontline to get the latest industry scoops.
Long-Term Gold Bulls Need To Bide Their Time And Be Patient
Global stocks are rallying and the U.S. dollar is posting solid gains. In the short-term, gold is being held hostage to outside market dynamics and the risk-off attitude has triggered modest profit-taking in the gold market in Monday trading.
Read moreGold Sees Positive Demand In Britain As Country Faces Brexit Referendum In June
(Kitco News) – Demand for gold in Britain appears to strong with prices against the British pound on the rise at the start of the week as the country faces a significantly weaker currency and uncertainty over a “Brexit” continues to grow.
Stillwater Mining Remains Profitable In 4Q Even As PGM Prices Decline
Stillwater Mining Co. (NYSE: SWC), the world’s largest primary producer of platinum group metals outside of Russia and South Africa, reported Monday that the company remained profitable in the fourth quarter despite lower prices of metals.
U.S. Flash PMI Falls to 51, Lowest Reading Since Sept. 2009
(Kitco News) – Preliminary estimates show that the U.S. manufacturing sector fell to its weakest level in more than three years.
Read moreBarrick Lists Four Studies With Potential To Add To Production
Barrick Gold Corp. (NYSE, TSX: ABX) says four projects, for which it announced results of studies, have potential to add to or accelerate production at Cortez, Goldrush, Lagunas Norte and Turquoise Ridge.
Read moreGold Solidly Lower on Profit Taking, Stronger U.S. Dollar
Gold prices are solidly lower in early U.S. trading Monday, on profit-taking pressure from recent gains, a higher U.S. dollar index on this day, and amid generally improving risk sentiment in the world marketplace early this week.
Read moreCommerzbank, RBC: Gold Prices Decline As Global Equities Strengthen
A sharp rise in global equities has left gold under pressure early Monday, analysts report. European stocks climbed overnight, and the March S&P 500 futures are up by 18.50 points as of 7:52 a.m. EST.