The 6PM Recap With Gary Wagner: Markets Reacting To Each Other Still Struggle To Find Firm Direction
Gold seemed ready to stand its ground overnight but then crude oil, a bearish outside market, tumbled and helped drag gold down.
Read moreVote Now In The Kitco Weekly Gold Survey
Have your say! vote now in the Kitco News Wall Street vs Main Street Weekly Gold Survey.
Read moreGold Falls on Profit Taking, Bearish Outside Markets
Gold prices ended the U.S. day session lower on some profit-taking pressure Wednesday, following recent gains.
Read moreUSAGX’s Denbow: Producers’ 3Q Profits Likely To Be Down Due To Lower Gold Prices
Most gold-mining companies should be in the black when they report their third-quarter earnings, although they may not be as profitable as the prior quarter due to lower gold prices, said Dan Denbow, portfolio manager of the USAA Precious Metals and Mi…
Read moreGold Sells Off in Mid-Morning U.S. Trading
Gold prices have moved to moderately lower levels at mid-morning, after trading near steady at the opening of the U.S.
Read moreMcEwen: ‘I Believe Gold Bar Will Be The Next Mine We Put Into Production’
McEwen Mining Inc.(NYSE, TSX: MUL) lists the following highlights of a feasibility study for its Gold Bar Project in Nevada: low initial capital of $60 million, attractive IRR of 20% at current gold price, average annual gold production of 65,000 ounce…
Read moreGold Near Unchanged on Chart Consolidation; Bulls Still Have Near-Term Chart Advantage
Gold prices are trading near steady in early U.S. dealings Wednesday.
Read moreBarclays Describes Overall Mood At LBMA Conference As ‘Cautious’
Barclays describes the tone of this week’s annual London Bullion Market Association conference as “cautious,” with the outlook on prices “subdued but not overly bearish.”
China Stock Market Sees Big Sell-Off.
Gold prices are slightly lower in early U.S. trading, as chart consolidation continues to be featured. Gold and silver market bulls still have the near-term technical advantage.
Read moreThe 6PM Recap With Gary Wagner: A Slow Day Tiptoes By And We Are Reminded Why Economics Is Called The Dismal Science
The soft dollar is underpinning gold’s and other precious metals’ upward trend. Palladium is acting on its own, however. It is hard to determine the reasons for its recent strength. World manufacturing that requires it is growing, but not surging madly. Perhaps more and more fuel cells are being manufactured; palladium is a key element in their making