U.S. Weekly Jobless Claims Rise 9,000 To 269,000
First-time weekly jobless claims in the U.S. rose by 9,000 to a seasonally adjusted 269,000 during the week to Saturday, the Labor Department said Thursday.
Gold Sees Modest Pop as ECB Eases Monetary Policy
Gold prices are seeing a tepid bounce in the immediate aftermath of the European Central Bank lowering its deposit rate by 0.1%.
Read moreNewmont Envisions Gold All-In Sustaining Costs Below $1,000/Oz For Next Five Years
Newmont Mining Corp. (NYSE: NEM) expects all-in sustaining costs (AISC) for production of gold to remain under $1,000 an ounce through 2020, the company said late Wednesday.
Read morePlatinum: The Most Inexpensive Commodity? – ETF Securities
Looking at some of the latest data, platinum may now be considered the most inexpensive commodity, according to one research director.
Read moreIamgold: Workers Striking Over Layoffs At Rosebel Mine In Suriname
Employees at Iamgold Corp.â??s (TSX: IMG; NYSE: IAG) Rosebel Gold Mine in Suriname have gone on strike over the issue of a 10% workforce reduction, the company reported.
INTL FCStone: ‘Perhaps The Only Bullish Variable’ For Gold Is ‘Everyone Is Mostly Bearish’
INTL FCStone says that the one factor that could end up working in gold’s favor is the fact that so many traders are already bearish, meaning potential for a rally when they have to buy to cover or exit those positions. Gold has fallen to its lowest level since 2010.
Gold Market Awaits Jobs Data; Fed Rate Hike Already Factored Into Prices?
Traders will be watching closely on Friday to see if the November U.S. jobs report gives the Federal Open Market Committee a green light to hike interest rates in the middle of the month.
Read moreGold Slumps To 5.5-Year Low Amid Strong US Dollar, Slumping Oil
Gold prices are weaker and hit a 5.5-year low overnight.
Read moreECB Drops Deposit Rate Deeper Into Negative Territory To -0.30%
(Kitco News) – The Governing Council of the European Central Bank dropped its deposit rate further into negative territory Thursday.
Read moreThe 6PM Recap With Gary Wagner: A Gathering Of Hawks And The Pressure Of Ideology
In exactly two weeks, the Federal Reserve Bank of the United States will most likely enact its first interest rate hike since Theodore Roosevelt was president… oops, no… it’s not been quite as long as that, but it is years and years.