Gold Posts Gains In Most Currencies As Equities Sell Off
Investors in most countries seem to have been in agreement about something Wednesday, and that is favoring gold. Market participants flocked to the yellow metal as equities tumbled and oil prices reached multi-year lows.
Read moreGold Pushes Above $1,100 on Safe-Haven Demand Amid World Stock Market Sell-Off and High Anxiety in Marketplace
A rout in the U.S. stock market Wednesday prompted further safe-haven buying in the gold market as the precious metal’s price pushed back above the key $1,100.00 level.
Is This Really An Equity Meltdown?
Despite the steep selloff in equity markets Wednesday, indices are down less from their respective peaks compared to commodity prices.
Read moreGold Back Above $1,100/oz, How Long Can The Safe-Haven Allure Last?
Gold prices jump back above $1,100 an ounce as investors seek refuge against the backdrop of falling stock markets and tumbling oil prices Wednesday.
Read moreGold Holding Solid Gains Above $1,100, Near Daily Highs, as U.S. Stock Market Tumbles
Gold prices are seeing a good safe-haven bid and hovering near their daily highs just above $1,100.00 an ounce as midday approaches Wednesday. Plunging U.S. stock indexes that have hit multi-month lows are creating high anxiety among traders and invest…
Read moreCiti Research Revises Upward 2016 Gold Forecast To $1,070/Oz
Citi Research has revised its 2016 average forecast for gold up by 7.5% to $1,070 an ounce, commenting that safe-haven buying is supportive at the start of the year although a stronger U.S. dollar will still take a toll on the precious metal.
Read moreNew Gold Exceeds 2015 Guidance With Record Gold Output
New Gold Inc. (TSX, NYSE MKT: NGD) says it exceeded its 2015 output guidance with record full-year gold production of 435,718 ounces. The guidance range was 390,000 to 430,000 ounces.
Read moreVote Now In The Kitco Weekly Gold Survey
Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Read moreU.S. Housing Starts Fall 2.5% To 1.149 Million Units In December
U.S. housing starts fell 2.5% in to a seasonally adjusted annual rate of 1.149 million units during December, the Commerce Department said Wednesday.
Read moreU.S. Consumer Price Index Falls 0.1% During December
Consumer prices in the U.S. decreased by a seasonally adjusted 0.1% during December, the Labor Department said Wednesday.
Read more