Russian Central Bank On Pace To Beat 2014 Gold Purchases
Emerging market central banks continue to take advantage of the low gold price environment, adding to their official currency reserves, with Russia and China again leading the way the way.
Read moreFed’s First Rate Hike ‘Blunder,’ Yellen To Ease Again in 2016: Bestselling Author
The Fed’s first rate hike in almost 10 years is a blunder, but needed to be done so the central bank doesn’t lose credibility, says one bestselling author.
Vote Now In Kitco’s Last Weekly Gold Survey Of 2015
Have your say! vote now in the Kitco News Wall Street vs Main Street Weekly Gold Survey.
Read moreHousing Market Slumps As Existing Home Sales Fall 10.5% in November
(Kitco News) – The U.S. housing market lost more momentum in November, according to the latest data from the according to the National Association of Realtors.
Read moreHSBC: Platinum To Average $1,005, Palladium $655 In 2016
HSBC looks for prices of platinum group metals to strengthen in 2016 after both were dragged lower in 2015 by a strong U.S. dollar, higher mine supply and on the coattails of weaker commodities generally.
Read moreBMO: Uranium Rises In 2015; So Does Gold In Producer-Nation Currencies
Uranium was the only metal to rise in 2015, although gold has strengthened in a number of currencies other than the U.S. dollar, says BMO Capital Markets.
Read moreFinal U.S. GDP Shows Economic Growth Of 2.0% In Q3
(Kitco News) – The U.S. economy continues to build steam as final third quarter gross domestic product (GDP) estimates were relatively unchanged.
Read moreGold Steady-Weak in Thin Pre-Holiday Trading
Gold prices are moderately lower in the aftermath of a U.S. gross domestic product report that showed modest growth.
Read moreYamana Suspends Plan to Monetize Brio Gold Subsidiary
Yamana Gold Inc. (TSX: YRI; NYSE: AUY) has suspended efforts to sell most of its stake in subsidiary Brio Gold Inc. Nearly a month ago, Yamana said it was beginning a private placement of Brio shares, reducing its stake to 20.9%.
Read moreQuiet Overnight Trading Ahead Of Christmas Holiday
Gold Prices are modestly lower in early trading. The charts remain overall bearish for the precious metals at present.
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