U.S. Dollar, Fed Speeches To Drive Gold Next Week
Weaker-than-expected U.S. economic data strengthened expectations the Federal Reserve may remain on hold through the end of 2015, which drove gold prices sharply higher this week.
Read moreConfessions Of A Gold Analyst: I Have Been Stricken By FOMO
One has had to search quite hard to find a point of neutrality in the metals market over the years. If one had performed a search in the past, they either encountered gold bugs, which are super bulls, or gold haters, who believe that gold will never b…
Read moreMajority Expect Higher Gold Prices Next Week, But Has The Tide Turned?
Despite this slight pullback, a strong majority of retail investors expect the rally in gold to continue.
Read moreMining Stocks Rise With Precious Metals; Investors Reward Producers Meeting Output Guidance
Shares of gold- and silver-mining stocks rose during the first four days of this week along with the prices of the metals themselves, with some of the biggest winners also reporting third-quarter production results showing they are on track to meet gui…
Read moreGold Backs Down On Profit-Taking, Rebound in U.S. Dollar
Gold is moderately lower in early U.S. trading Friday, on profit taking from the shorter-term traders and on a downside technical correction following recent gains that saw prices hit a 3.5-month high Thursday.
Read moreRandgold’ Bristow: Kibali Mine Looks Set To Exceed 2015 Production Guidance
Turquoise Hill Resources (TSX, NYSE: TRQ) lists higher copper output but a decline in gold production in the third quarter for Oyu Tolgoi in southern Mongolia “Third-quarter mine production at Oyu Tolgoi was at record levels while concentrate produced and contained copper were on par with the previous quarter even considering the planned concentrator shutdown in July,”
Gold Sees Corrective Pullback After Recent Good Gains.
Gold prices are moderately lower in early U.S. trading, On some profit taking and a downside correction following Good gains seen this week that saw prices hit a 3.5-month high On Thursday.
Read moreThe 6PM Recap With Gary Wagner: US Dollar Rises On New Fed Rate Concern
Reacting to stronger underlying inflation news in the U.S. economy, the dollar moved up today. The nominal notion is that the inflation data feeds the fire of the speculation about an interest rate hike by the Federal Reserve. We still find that scenar…
Read moreGold Up, Hits 3.5-Month High, as Near-Term Technicals are Bullish
Gold prices ended the U.S. day session moderately higher and hit a 3.5-month high Thursday, on follow-through buying strength after Wednesday’s solid gains.
OceanaGold Receives Regulatory Approval For Acquisition Of Waihi Operation
OceanaGold Corp. (TSX, ASX, NZX: OGC) reports that the company has received approval from New Zealand’s Overseas Investment Office for the acquisition of the Waihi operation from Newmont Mining Corp. (NYSE: NEM).
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