Gold Sees Follow-Through Strength on More Safe-Haven Demand, Short Covering
Gold prices are modestly higher and trading near Monday’s three-week high in early dealings Tuesday. Some more safe-haven buying and short covering in the futures market are featured, following decent gains posted Monday.
Gold Could Fall With Equity Markets On Chinese Weakness
Continued weakness in equity markets might not be positive for gold, despite seeing some risk aversion benefit at the start of the year, according to analysts at Triland Metals
Read moreStill Some Anxiety In The World Marketplace
Gold Prices are seeing some follow-through buying interest following Monday’s gains that pushed prices to a three- Week high.
Read moreThe 6PM Recap With Gary Wagner: This Could Be The New Normal For 2016
You can dismiss any notion that today’s rolling and tumbling equities were in any way affected by the brouhaha over the execution of a Shiite cleric by Saudi Arabia. It probably was an inordinately stupid thing to do by the Saudis, but Iran did react swiftly on the official level to muffle the crazy protests that “the man in the street” conducted.
Gold Bounces on Safe-Haven Demand, Short Covering
Safe-haven buying amid keener uncertainty in world markets on Monday boosted gold prices. Unrest in the Middle East and weak Chinese economic data worked to lift gold to a three-week high, while putting downside pressure on stock markets worldwide.
Read moreGold, Silver Mine Supply Expected To Finally Start Withering In 2016
With mining companies cutting back on capital expenditures in response to low prices in recent years, most analysts say the long-running build in gold and silver output will start turning lower in 2016, if it hasn’t already.
ISM: U.S. Manufacturing Index Inches Down To 48.2% In December
The Institute for Supply Management said Monday that its headline manufacturing index slipped to 48.2% in December from 48.6% in November.
Read moreGold Extends Early Gains on More Safe-Haven Demand, Short Covering
Gold prices are trading sharply higher in mid-morning dealings Monday.
Read moreREPEAT: Better Exploration Scene For Mining To Come in 2016 – Brent Cook
With struggling metals prices, the main themes over the past year in the mining industry have been more cost cutting and mine closures, but one famed geologists seems a little more optimistic for 2016.
Read moreColin Sutherland Named President Of McEwen Mining
Colin Sutherland has been named president of McEwen Mining Inc.(NYSE, TSX: MUX), the company reports. He will be responsible for the financial and operational performance of the company.
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