Gold Ends Near Steady as Traders Await FOMC Statement
Gold prices ended the U.S. day session near unchanged in quieter trading Tuesday. Traders and investors were extra cautious ahead of Wednesday afternoon’s statement from the Federal Reserve’s Open Market Committee. December Comex gold was last down $0.20 at $1,166.00 an ounce. December Comex silver was last down $0.04 at $15.825 an ounce.
Congressman: U.S. House-Passed Mining Legislation Necessary For Defense, Economy
The sponsor of legislation aimed at speeding up the permitting process for mineral exploration projects, which passed the U.S. House of Representatives last week, said the changes are necessary for defense and economic purposes.
Read moreGold Futures May Be Indicating Bullish Bias Ahead of FOMC Meeting – ETF Securities
As markets prepare for this week’s Federal Open Market Committee meeting, ETF Securities says gold futures may be headed towards the bullish side.
Gold Imports From China & India Mixed; Expect Demand To Rise – Capital Economics
According to the latest data, China’s gold imports from Hong Kong rose in September for the third consecutive month, and analysts from one U.K.-based research firm expect this trend to continue.
U.S. Consumer Confidence Index Falls To 97.6 In October
The Conference Board reported Tuesday that its index for U.S. consumer confidence fell to 97.6 in October from a revised 102.6 in September.
Read moreMcEwen Mining Reports Record Third-Quarter Production
McEwen Mining Inc. (NYSE, TSX: MUX) reports record production for the third quarter and the first nine months of 2015, with the El Gallo Mine the “star performer.”
Orders Of Durable Goods Fall By 1.2% In U.S. During September
Orders for durable goods in the U.S. fell 1.2% during September, the Commerce Department reported Tuesday.
Read moreGold Weaker; Slumping Crude Oil Prices Weigh on Raw Commodity Sector
Gold prices are slightly lower in early U.S. trading Tuesday. There is a lack of fresh, bullish fundamental news to support the safe-haven metal.
Read moreWhen it Comes To The Fed, Focus On These Three Things :BBH
No one expects the Federal Reserve to change policy tomorrow say analysts over at Brown Brothers Harriman.
Read moreYamana, Sandstorm Announce Streaming Agreements For Five Projects
Yamana Gold Inc. (TSX: YRI; NYSE: AUY) and Sandstorm Gold Ltd. (NYSE MKT: SAND; TSX: SSL) have entered into three agreements that include production streams from up to five of Yamana’s projects, the companies announced Tuesday.