Gold Extends Gains, Sharply Higher in Wake of Weak US Jobs Data, Stock Market Sell-Off
The gold market has roared back to life Friday as several factors on this day are finally combining to work in favor of the heretofore beleaguered yellow metal bulls.
Read moreGold Rallies After Downbeat U.S. Jobs Report
Gold is posting a solid rally in the aftermath of a big miss to the downside in today’s much-anticipated U.S. jobs report.
U.S. Economy Creates 142k Jobs In September, July and August Revised Lower
Kitco News reports on U.S. nonfarm payrolls data for September
Read moreCould The Fed Now Consider Easing After Weaker Jobs Report? – ETF Securities
September employment data is out, which came in much lower than expected, and one research director says this may present an opportunity for gold.
Read moreMcEwen Mining Undertaking Stock Repurchase Program; CFO To Step Down
McEwen Mining Inc. (NYSE, TSX: MUL) says it intends to begina share repurchase program that authorizes the company to buy up to 15 million shares of its common stock over a 12-month period.
Read moreThe 6PM Recap With Gary Wagner: Imperfect Storm Blows Across All Regions, All Marketplaces
Southeast Asia, the BRICS and the Pacific Rim economies are of most concern. China is dying a slow manufacturing death at the same time it keeps shouting prosperity is just around the corner from the rooftops. We almost expect Herbert Hoover to appear on the dais with the central planners of the Communist Party and wave his bowler hat to the crowds. Manufacturing in the world’s second-largest economy is still contracting.
GLD SPDR Shares Down Almost 5% q/q
Just like gold futures prices, the world’s largest gold-backed exchange-traded fund also started off Q4 in the red; however, some analysts still see potential for the metal.
U.S. Mint Posts 181% Jump In Gold Coin Sales, Silver Sales Hit 29-Year Record High In Q3
Gold and silver prices remain range-bound as markets await a potential U.S. interest rate hike at some point this year, however, bullion coin sales have never been better according to the latest data released by the U.S. Mint.
Read moreGold Ends Near Steady; U.S. Jobs Report on Deck
Gold ended the U.S. day session near steady in a choppy, two-sided trading day Thursday. Short covering and position evening ahead of what is arguably the most important U.S. economic report of the month-the U.S. employment report from the Labor Depart…
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