Despite Complete Collapse Of Prices, Commodities Near The Bottom – Senior Trader
As long as the U.S. dollar continues to churn higher, the commodities sector, which is near 18-year lows, will continue to remain weak, according to one senior commodity trader.
Read moreGold Ends Near Unchanged On The Day; Crude Oil Woes Keep Raw Commodity Bulls Leery
Gold prices ended the U.S. day session near steady in choppy, two-sided trade Wednesday.
Read moreDecember To Be A ‘Historic’ Moment For Federal Reserve – Capital Economics
The U.S. economy is on the cusp of a shift in monetary policy. In less than one week, it is expected that the Federal Reserve will raise interest rates for the first time in more than nine years.
Read moreThere Are Still Good Reasons To Be Bearish On Gold In 2016 – Bank of America
Gold prices are expected to feel more pain in 2016, at least in the first half of the year, however rising inflation in the second half should be supportive for the beleaguered market, according to Bank of America Merrill Lynch.
Read moreGold Slips Below Unchanged on More Technical Selling Pressure
Gold prices have weakened and fallen to slightly lower levels in late-morning dealings Wednesday, giving up modest early gains.
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 moreFreeport Suspends Dividend, Announces More Output Cuts
Freeport-McMoRan Inc. (NYSE: FCX) is suspending its dividend and cutting copper and molybdenum production further, including the shutdown of a mine in Arizona, the company announced Wednesday.
Read moreGold Firmer as U.S. Dollar Index Weaker, Oil Firmer
Gold is modestly higher in early U.S. trading Wednesday, lifted by the key “outside markets” which are in a bullish posture on this day: a lower U.S. dollar index and firmer crude oil prices.
Metals Focus: Global Mining Costs Decline During Third Quarter
Global mining costs fell in the third quarter, reports Metals Focus.
Read moreUBS: Potential For ‘Dramatic’ Short-Covering Rally In Gold Is ‘Elevated’
The risk of short covering in gold remains elevated, says UBS.
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