Barrick Announces Credit Facility Extension, Amendment To Financial Covenant
Barrick Gold Corp. (NYSE, TSX: ABX) says the company has extended the termination date on the majority of its undrawn $4 billion revolving credit facility from January 2020 to January 2021, and has also amended the credit facility’s key financial covenant.
Harriet Hunnable, Executive Director For Metals, Resigning From CME Group
Later this month, after almost four years at the company, Harriet Hunnable will be leaving CME Group as its executive director for metals products, the company told Kitco News.
Read moreBig Data Point Friday, But Thursday’s Price Action
Gold prices are near Steady in early trading, as traders are awaiting what is arguably the most important economic data point of the month: the U.S. jobs report.
Read moreThe 6PM Recap With Gary Wagner: Europe Goes Crazy But Effects On U.S. Should Be Short Lived
All hell broke loose as the European Central Bank lowered interest rates but not as much as anticipated, and head of the ECB, Mario Draghi, essentially said he would pull out all the stops in order to stimulate the continent’s lackluster economic performance.
No Reason To Hold Gold In 2016; Prices To Drop Below $1,000 – Natixis
French bank Natixis is adding to the current consensus among financial institutions that expect another year of weakness in the gold market, with prices to eventually fall below $1,000 an ounce.
Read moreGold Rebounds from 5.5-Year Low as U.S. Dollar Hammered, Euro Currency Surges
Gold prices saw a moderate short-covering and bargain-hunting bounce in the aftermath of the European Central Bank easing its monetary policy Thursday.
Read moreMarkets Say ECB Got It Wrong; Draghi Says Give New Measures Time
(Kitco News) – Although European Central Bank (ECB) President Mario Draghi doesn’t think there were any problems with his committee’s communication strategy leading up to Thursday’s monetary policy announcement, the market and many analysts would beg to differ.
Yellen Provides Yet Another Reason For Fed To Start Normalizing Interest Rates
(Kitco News) – For the second time in as many days, Federal Reserve Chair Janet Yellen highlighted the risk to the current U.S. economic recovery if the normalization of interest rates are delayed.
Read moreU.S. Factory Orders Increase 1.5% During October
U.S. factory orders rose 1.5% to $473.9 billion in October, the Commerce Department reported Thursday.
Read moreISM: U.S. Non-Manufacturing Index Falls To 55.9% In November
The Institute for Supply Management said Thursday that its headline non-manufacturing index fell to 55.9% in November from 59.1% in October.
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