The 6PM Recap With Gary Wagner: Volatility In the US Dollar, Oil And Equities Again Takes Gold And Silver Higher
The looping, swooping, rising and falling in crude today dragged U.S. equities along for the ride. West Texas Intermediate at one point was up to $33.50 per barrel while Brent hit a slightly higher level.
Read moreNot Trump, Not Clinton: Americans Say Republicans & Democrats Don’t Care About Middle Class – Pew Research
About fifty percent of the American population is feeling ignored – this according to a study which found that the country’s middle-class is feeling neglected by both Republicans and Democrats.
Top LBMA Forecaster Sees Gold Trading in $980-$1,222 Range in 2016
The London Bullion Market Association (LBMA) releases an annual survey with the industry’s top analysts’ precious metals forecasts for the year.
Gold Hits 3.5-Mo. High As Big Downdraft In U.S. Dollar Aids Precious Metals Bulls
Gold prices ended the U.S. day session solidly higher and hit a 3.5-month high Thursday. Add the slumping U.S. dollar index to the list of bullish elements helping to drive gold and silver prices higher recently. Silver prices also scored a 3.5-month h…
Read moreIs An LBMA Silver Benchmark Overhaul Coming After Price Discrepancy?
In response to a divergence in the London Bullion Market Association’s silver benchmark price to the actual spot price last week, CME Group and Thomson Reuters alongside the independent LBMA Silver Price Oversight Committee have announced that they are working to ensure that this won’t happen again.
Modest Third-Quarter Gold Hedging Linked To Weakness In Australian Dollar
The global hedge book for gold producers expanded modestly by a net 500,000 ounces, or 16 tonnes, during the third quarter, largely driven by companies with operations in Australia as they apparently took advantage of a higher gold price in that country’s currency, according to a report released Thursday by the GFMS team at Thomson Reuters and Societe Generale.
Centerra Gold Project In Mongolia Takes Step Forward After Parliamentary Resolution
Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL) reversed to a net profit in its second quarter of fiscal 2016 as revenue surged to a record high.
Read moreBarclays Chartists See Gold Gaining Toward $1,160, Resistance Near $1,190
Technical-chart analysts with Barclays look for gold to keep climbing toward the $1,160 level but see chart resistance around $1,190 an ounce.
Read moreSub-200K Nonfarm Payrolls Print Will Boost Gold – Analysts
The one bright spot in the U.S. economy has been the labor market; economists note that U.S. job growth has been stellar while the rest of the economy has seen, at best, anemic growth.
Read moreU.S. Weekly Jobless Claims Rise 8,000 To 285,000
First-time weekly jobless claims in the U.S. rose by 8,000 to a seasonally adjusted 285,000 during the week to Saturday, the Labor Department said Thursday.
Read more