Gold Prices Trying To Stabilize
Good morning this is the open with Jim Wyckoff. Gold Prices are near steady in early U.S. dealings, as the market tries to stabilize following the strong selling pressure seen In the wake of a hawkish FOMC statement issued Wednesday afternoon.
Read moreResilient Equity Market Hurting Gold; Commodity Weakness To Persist Into 2016 – Deutsche Bank
Palladium has been able to overcome outflows from exchange-traded funds so far this month, says Commerzbank. ETFs for precious metals trade like a stock but are backed by metal put into storage. “The exodus from palladium ETFs continues; a further 27,000 ounces were withdrawn yesterday, putting total outflows at 76,000 ounces in the last two days and at 177,000 ounces since the start of the month,” Commerzbank says.
The 6PM Recap With Gary Wagner: What The Fed Knows That You Don’t And Why It Matters For December And Beyond
What the U.S. Federal Reserve sees in an apparently weak Q3 GDP report is entirely different from what currency traders and equities traders think they are seeing. (It’s possible that precious metals traders got it right.)
Silver To Outshine Gold, But Both Metals To Rise in 2016 – Capital Economics
As both gold and silver prices fall back post-FOMC, one research analyst remains optimistic on the metals, particularly silver, which she says will outshine gold next year.
Read moreSNL Metals & Mining: Valuation Of Metal Producers Falls Below $1 Trillion
he combined market value of mining companies has fallen for five straight months and went below $1 trillion for the first time since April 2009, SNL Metals & Mining reported Thursday.
Gold Sees Follow-Through Selling After Hawkish FOMC; Technical Sellers Back in the Market
Gold futures prices ended the U.S. day session lower Thursday, in the aftermath of a bearish report from the Federal Reserve. The strong downside price action in the gold and silver markets Wednesday afternoon and then the follow-through pressure
Read moreU.S. Economic Outlook Positive; Equities To Move Higher By Year-End – Blackstone
As markets digest the latest Federal Reserve statement and look for clues as to when interest rates will rise, one executive of a major private-equity firm says his outlook on the U.S. economy remains optimistic.
Read moreGold Extends Losses, Hits 3-Week Low, on Follow-Through Pressure, New Technical Selling
Gold prices are trading lower and hit a three-week low in late-morning dealings Thursday.
Read moreSpot Gold Has ‘Ominous Reversal Of Fortune’ Post-Fed; Looks Good in EUR/Yen – Gartman
Newsletter writer and famed economist Dennis Gartman says he was not surprised by the U.S. Fed’s decision to take no action in Wednesday’s Federal Open Market Committee
OceanaGold Corp. Lists 3Q Profit, Expects Haile Commissioning In 2016
OceanaGold Corp. (TSX, ASX, NZX: OGC) lists a net profit of $6.9 million for the third quarter after a $971,000 loss in the second quarter. Production included 120,664 ounces of gold and 5,219 tonnes of copper.
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