Mitsubishi: Dollar Index Gains May Be Capped, Removing Headwind for Commodities
The amount of precious metals held by global exchange-traded funds has fallen in 2015 but may well pick up again next year, says Commerzbank.
Read moreBarrick Gold Completes Sale Of Assets To Waterton Subsidiaries
Barrick Gold Corp. (NYSE, TSX: ABX), the world’s largest gold producer, says it has completed the previously announced sale of the company’s 70% interest in the Spring Valley project and 100% interest in the Ruby Hill mine to subsidiaries of Waterton Precious Metals Fund II Cayman, LP for $110 million in cash. Barrick also expects to complete the sale of the Bald Mountain mine and Barrick’s 50% interest in Round Mountain to Kinross Gold Corp. by mid-January.
Marketplace Focuses On Oil, U.S. Dollar
Gold prices are higher and seeing a moderate corrective bounce after the strong losses seen on Thursday.
Read moreThe 6PM Recap With Gary Wagner: Aftermath Of Fed Move But First A Word From Your Local Ponzi Schemer
The U.S. dollar at 3 o’clock is up by about 1.00% and that robustness is helping to throw energy back every time it tries to rise.
2016 To Usher In A ‘New Chapter’ For Gold – ScotiaMocatta
As more 2016 bank forecasts are released, and sentiment towards gold remains predominantly bearish, one Canadian bank says that although it sees downside potential, 2016 should usher in a ‘new chapter’ for gold.
Strong Sell-Off in Gold, Silver, As U.S. Dollar Index Surges
Gold and silver prices ended the U.S. day session sharply lower Thursday. A very strong rally in the U.S. dollar index on this day put sharp downside price pressure on the precious metals markets.
Read moreGold, Silver Sharply Lower and Near their Recent Lows, Pressured By Surging U.S. Dollar
Gold and silver prices have sold off sharply in late-morning trading Thursday. Both markets are hovering not far above their recent contract and multi-year lows.
Read moreCredit Agricole: Gold To Fall To $1,000 In First Half Of 2016
Gold prices should remain under pressure early in 2016 as the U.S. dollar strengthens across the board, but the yellow metal is likely to eventually recover as the greenback peaks and loses some ground into 2017, Credit Agricole said Thursday.
Read moreMore Gloom & Doom For Gold & Silver In 2016 – Deutsche Bank Outlook
Although they expect commodity prices to recover in the coming year, analysts at Deutsche Bank see an unfavorable backdrop for precious metals in 2016.
Read moreCarlisle Shareholders Approve Merger With Alamos Gold
Shareholders of Carlisle Goldfields Ltd. (TSX: CGJ; OTCQX: CGJCF) have voted in favor a previously announced merger agreement in which Alamos Gold Inc. (TSX, NYSE: AGI) will acquire all shares of Carlisle.
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