Gold Asks: “Did Santa Come Early?”
Wowzers! T’is the season for a rebound? After hitting a 5.5-year low earlier this week, the holidays may have just come early for the yellow metal. Gold prices are now preparing to end Friday’s session on a very upbeat note, with the metal up 2% on the…
Read moreGold Ends Six-Week Losing Streak With A Gain Of 2.6%
Gold has finished the week on a strong note, ending a six-week losing streak and bouncing off a fresh 5 and-a-half year low.
Read moreKitco Gold Survey: Majority Remain Bullish On Gold As U.S. Dollar Tops Out
Optimism in the gold market — among retail investors and market professionals — remains strong as prices have managed to bounce off of fresh five and-a-half year lows earlier in the week, the latest Kitco News Wall Street vs Main Street weekly gold survey found.
Gold Surges Sharply After Jobs Data; Market Factors In Limited Fed Tightening
Traders are attributing a sharp rally in gold futures Friday to short covering helped by expectations that even if the Federal Open Market Committee hikes U.S. interest rates later this month, monetary policy will remain accommodative for some time.
Read moreMining Shares Rise With Gold; Harmony, New Gold Outperform
Shares of most gold producers rose along with the price of the metal itself during the first four days of the week, with Harmony Gold Mining Co. Ltd. posting one of the biggest percentage gains after announcing that it has benefited from a higher South…
Read moreGold Hits Weekly High on Short Covering, Bargain Hunting
Gold prices have made a late-week rebound on short covering in the futures market and on bargain hunting in the cash market.
Read moreGold Steady-Firmer Following As-Expected U.S. Jobs Report
Gold prices are unchanged to slightly higher just after the release of the U.S. jobs report that was in line with market expectations.
Read moreU.S. Economy Creates 211k Jobs In November
Kitco News reports on U.S. nonfarm payrolls data for November
Read moreGold Saved Her Family; Entrepreneur Now Thanks the Metal through Product-Line
Meet Patti Pao. A successful entrepreneur, a Berkeley and Harvard MBA graduate and someone who truly appreciates goldâ??s value.
Barrick Announces Credit Facility Extension, Amendment To Financial Covenant
Barrick Gold Corp. (NYSE, TSX: ABX) says the company has extended the termination date on the majority of its undrawn $4 billion revolving credit facility from January 2020 to January 2021, and has also amended the credit facility’s key financial covenant.