The 6PM Recap With Gary Wagner: Volatility in Gold Oil
Some of the markets we are most concerned with (oil and the S&P500) started the day higher, then faltered on news of turmoil regarding the election of a new Speaker of the House in the U.S. Congress.
Fed Being Prudent, Waiting For More Info Before Hiking Rates – FOMC Minutes
(Kitco News) – The minutes of the September Federal Open Market Committee show that the central bankâ??s decision to delay a rate hike was a close call but concerns over global growth won out.
Gold Ends Down on Technical Correction, Mild Profit Taking
Gold ended the U.S. day session modestly lower Thursday, on a technical pullback following recent gains. Some profit taking from the shorter-term futures traders was also featured. December Comex gold was last down $4.10 at $1,144.60 an ounce.
Read moreABN Amro Sees Gold Prices Ending 2015 At $1,100; Less Bearish… For Now
With U.S. interest rates expected to go nowhere anytime soon, one international bank is becoming slightly less bearish on gold, at least in the short term.
Read moreIamgold To Reduce Workforce At Rosebel Gold Mine By 10%
Iamgold Corp. (TSX: IMG; NYSE: IAG) plans to reduce the number of employees at its Rosebel Gold Mine in Suriname by 10%, officials said Thursday.
Read moreFreeport-McMoRan: Indonesia To Allow Operations Beyond 2021
Harmony Gold Mining Co. Ltd. (NYSE: HMY) says that its total gold production in the most recent quarter will be 8% to 10% higher than the previous quarter.
Read moreU.S. Weekly Jobless Claims Fall To 263K, Lowest Reading Since July
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 13,000 to a seasonally adjusted 263,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold To Drag Silver Prices Down In 2016, 2017 – CIBC
Canadian bank CIBC is expecting to see gold prices struggle at least until 2017, also dragging down silver prices in turn.
Read moreGold Lower on Technical Correction; FOMC Minutes Awaited
Gold prices are lower in early U.S. trading Thursday, on a technical pullback following recent gains. Silver prices are seeing stronger selling pressure today.
Read moreChina Markets Reopen As Traders Await FOMC Minutes
Gold prices are weaker in early US trading, on some more chart consolidation from recent gains.
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