Gold Sees Corrective Bounce As World Stock Markets Mostly Weaker
Gold Prices are moderately higher in early U.S. trading, on a corrective rebound from solid selling pressure seen Monday.
Read moreGold’s Correction Is ‘Healthy’ After ‘Spectacular Run,’ Says Holmes
It was a one-way market Monday as gold prices ended the U.S. day session about where they started — solidly lower. However, one chief executive officer is not worried about the close to 2% dip.
Read moreShort 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.
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