Kitco News Stories Recapped – Weekly Newsletter
Given gold’s latest streak, it’s fitting to have a Friday the 13th theme today. Even though, on this newsletter day, gold was getting some reprieve after some weak economic data.
The 6PM Recap with Gary Wagner: Markets React To Perceived Consumer Spending Dip In Different Ways
The afternoon settlement of crude oil saw West Texas Intermediate down 2.4% although it has recovered in after-hours trading. Brent North Sea crude was down about 1.00% at 4 o’clock New York time.
FOMC Minutes, Initial Jobless Data To Drive Gold Prices Next Week
Gold prices pressed lower for the fourth week in a row on Friday, weighed down by expectations the Federal Reserve could hike interest rates at its December meeting, persistent low levels of inflation and a lack of safe-haven demand for the metal.
Read moreMain St. Speaks Out & Remains Bearish on Gold; Wall St. Bullish As Market Remains ‘Oversold’
As gold heads towards its fourth consecutive weekly negative close, retail investors remain bearish on the yellow metal for a second consecutive week.
Read moreShares Of Gold Miners Slightly Mixed This Week; Producers Of Base Metals Suffer
Shares of the major North American gold-mining companies were slightly mixed during the first four days of this week as gold’s recent decline slowed, but copper companies took it on the chin as the red metal hit its lowest price since the summer of 2009.
Confessions of a Gold Analyst: Why Using "Logic" Will Hurt Your Investments
Almost all analysts will follow the Fed and attempt to discern market direction for the metals based upon what the Fed says or does.
Read moreGold Gets Modest Lift From Weak U.S. Economic Data
Gold prices are trading modestly higher in early U.S. trading Friday, in the immediate aftermath of some downbeat U.S. economic data.
Read moreU.S. Producer Price Index Posts Unexpected 0.4% Decline In October
Producer prices for finished goods in the U.S. decreased by a seasonally adjusted 0.4% during October, the Labor Department said Friday.
Read moreU.S. Retail Sales Increase 0.1% During October
Retail sales in the U.S. climbed by 0.1% during October, the Labor Department said Friday.
Read moreChina Gold International Resources: Copper Production Down But Gold Output Up In 3Q
China Gold International Resources Corp. Ltd. (TSX: CGG; HKSE: 2099) reports higher gold output but a decline in copper production during the third quarter.
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