Weaker Gold Price On Tempered Dovish Fed Statement Could Be Buying Opportunity – Analysts
(Kitco News) – The gold market — expecting extremely dovish comments from the Federal Reserve Wednesday, following its monetary policy meeting, could be disappointed, creating some selling pressure according to some analysts.
Read moreGold & Silver Make A Comeback Ahead of Year’ s First Fed Meeting – Mitsubishi
Gold pushes higher on day one of the year’s first Federal Open Market Committee meeting, but Mitsubishi’s precious metals analyst says that although the short-term forecast for the yellow metal remains positive, there may be a tough road ahead.
Samsung Launches Gold Smartwatch, And It’s Cheaper Than Apple’s
Even if it also has some gold in it, Samsung’s latest smartwatch may still be cheaper than its competitor – the $17,000 rose gold Apple Watch.
U.S. Consumer Confidence Rises to 98.1 In January
(Kitco News) – U.S. consumers continue to feel more optimistic in the new year, adding to positive sentiment in December, according to the latest data from the Conference Board.
Read moreHSBC: Yield Curve Suggests Tightening Prospects Dim; ‘This Is Good For Gold’
Gold may be building a base around $1,100 an ounce, benefitting from a scaling back of expectations for tightening of monetary policy by the U.S. Federal Open Market Committee, says HSBC.
Read moreFreeport Reports Net Loss In 4Q, Considering Asset Sales, Joint Ventures
Freeport-McMoRan Inc. (NYSE: FCX) reported a fourth-quarter net loss Tuesday mainly due to write-downs, and officials said they are considering measures such as asset sales and joint ventures in order to cut debt.
Read moreGold Up, Hits Nearly 3-Mo. High, On More Safe-Haven Buying
Gold prices are higher and scored a nearly three-month high in early U.S. trading Tuesday. More safe-haven demand and technical buying are featured and bulls have near-term momentum on their side.
Read moreOceanaGold Exceeds Guidance During ‘Transformational Year’
OceanaGold Corp. (TSX, ASX, NZX: OGC) says the company exceeded its 2015 gold-production guidance range with 419,153 ounces and achieved copper-output guidance range with 23,109 tonnes.
Read moreGold At Nearly 3-Mo. High On Safe-Haven Demand
Gold prices are higher and hit a nearly three-month High overnight, on continued safe-haven demand and an improving near-term technical posture.
Read moreThe 6PM Recap With Gary Wagner: A Resurgence Of Volatility
Crude oil, the usual agent of anarchy headed the instability mob. West Texas Intermediate is down over 6.00% in later afternoon trading while Brent North Sea is nearing that size loss. Both top-shelf oils are again staring at sub-$30 per barrel pricing.
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