U.S. Flash PMI Rises To 52.7 In January, Bouncing Off 38-Month Lows
(Kitco News) – The U.S. manufacturing sector found some much needed momentum, beating expectations, according to the latest flash Purchasing Managers Index data.
Read moreFridays Have Traditionally Not Been “Kind” To Gold – Dennis Gartman
Risk appetite is improving ahead of the weekend and currency strategists at Brown Brothers Harriman (BBH) say in a report Friday that they see three factors behind the quickly shifting sentiment.
Read moreGold Trades Near Steady Amid Better Risk Appetite
Gold prices are near unchanged in early U.S. trading Friday. Buyers of the safe-haven metal are less abundant as traders and investors are less anxious late this week.
Read moreIncrease In Investor Risk Appetite Late This Week
Gold prices are trading near steady in early U.S. dealings as there is an uptick in investor risk appetite late this week.
Read moreThe 6PM Recap With Gary Wagner: Oil Rallies Like A Monster And European And American Equities Love It
At 3PM in New York, West Texas Intermediate is up 5% and Brent North Sea is over the moon, rallying more than 6%.
Read moreGold Giant Barrick Releases 2015 Production Results, In Line With Guidance
One of the world’s largest gold producers released production results for 2015, which came in line with company guidance of 6-6.15 million ounces for the year.
Revival of Safe-Haven Demand Lifting Gold – Capital Economics
(Kitco News) – While the turmoil in global equity markets is weighing on the industrial metals this month, gold is benefiting from a revival of safe- haven demand said research firm, Capital Economics on Thursday.
Read more‘Maybe’ Gold Bottoms In 2016 On Low Mine Supply – Ira Epstein
Although there is hope for gold in the near-term, one market professional still sees the potential for lower prices as seasonal factors start to wear off.
Read moreGold Sees Pressure On Technical Correction From Recent Gains, Rebound in U.S. Stock Market
Gold ended the U.S. day session moderately lower Thursday, on a downside technical correction and some mild profit-taking pressure following recent gains. A bounce in the U.S. stock market today also limited buying interest in the safe-haven precious m…
Read moreMarkets No Longer Expect March Fed Rate Hike; Supportive For Gold
The market majority no longer expects another hike in U.S. interest rates in March by the U.S. Federal Open Market Committee, which analysts say is supportive for gold prices.
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