Endeavour Mining: Shareholders Approve La Mancha Transaction
Endeavour Mining Corp. (TSX: EDV; ASX: EVR) says a special meeting of shareholders has resulted in approval for a partnership with La Mancha Holding S.àr.l. and Naguib Sawiris.
Gold Sees Corrective Bounce Ahead Of US Jobs Report
Gold prices were firmer on a corrective bounce heading into Friday’s U.S. employment report from the Labor Department, which is arguably the most important data point of this week, if not this month. The key non-farm payrolls number is forecast to be u…
Read moreThe 6PM Recap With Gary Wagner: Markets Are Tethered To The Words Of Janet Yellen
Markets that trade in New York and Chicago found themselves not so much down as they were downbeat in tone, searching for some direction other than Fed Chairwoman Janet Yellen’s hawkish rate comments yesterday before Congress.
Gold Slightly Lower, Hits 7-Week Low; U.S. Jobs Data On Deck
Gold prices ended the U.S. day session slightly lower and fell to a seven-week low Thursday.
Read moreGold Market To Eye U.S. Nonfarm Payrolls For Next Clue On Fed Monetary Policy
A gold market that has oscillated on Federal Reserve expectations will zero in on the monthly U.S. employment report Friday for the next clue on whether U.S. interest rates will rise this year.
Read moreFriday’s Jobs Report Could Lead To ‘Final Exhausted Selling’ In Gold – Triland Metals
Precious metals prices have been in a downtrend on heightened expectations of a rate hike this year, but analysts at Triland Metals say that Friday’s nonfarm payrolls data may even push gold prices lower.
Doubt Lonmin’s Potential Shutdown To Have Major Impact On PGM Production & Prices – Capital Economics
Earlier in the week, the world’s third largest platinum producer announced the potential of halting trading if plants to raise capital are unsuccessful, but one UK-based research firm says it remains optimistic on PGM prices.
Gold Slightly Up, Hovering Just Above Key Chart Support at $1,100
Gold is slightly higher in early U.S. trading, as the bulls are trying to stabilize the market following the recent downdraft that has dropped prices to a four-week low Thursday.
Read moreU.S. Weekly Jobless Claims Rise 16,000 To 276,000
First-time weekly jobless claims in the U.S. rose by 16,000 to a seasonally adjusted 276,000 during the week to Saturday, the Labor Department said Thursday.
Gold & Silver Prices Suffer On Fed Inaction – Capital Economics
Although the commodity slump continues, with gold and silver prices suffering on the back of 2015 interest-rate hike expectations, one economist is optimistic on the metals over the longer term.
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