U.S. ISM Manufacturing Index Falls To 48.6% In November, First Contraction In 36 Months
Kitco News reports on U.S. manufacturing ISM data for November
Read moreMorgan Stanley: Federal Reserve To Hike Rates At ‘Snail’s Pace’ In 2016
Morgan Stanley looks for the Federal Open Market Committee to hike U.S. interest rates at a “snail‘s pace.”
Barrick Completes Sale of 50% of Zaldívar Mine, Forms Partnership with Antofagasta
Barrick Gold Corp. (NYSE, TSX: ABX) reports that it has completed the previously announced sale of its 50% stake in the Zaldívar copper mine to Antofagasta Plc.
Nov. Gold Coin Sales Jump 185% M/M; Silver Coin Sales Break Record – U.S. Mint
After weaker sales in October, the U.S. Mint’s latest data show that both gold and silver coin sales were on the rise last month as metals prices hit multi-year lows.
Gold Modestly Up on Corrective Rebound from Recent 5.5-Year Low
Gold is experiencing a mild technical bounce early this week, following strong selling pressure recently that drove prices to a 5.5-year low late last week.
Read moreDownbeat Data From China; Upbeat Data From Euro Zone
Gold prices are firmer again today on more short Covering and bargain hunting.
Read moreThe 6PM Recap With Gary Wagner: A Few Changes But Nothing Of Note As U.S. Returns From A Long Holiday Weekend.
In spite of a rising U.S. dollar, gold, perhaps in a corrective mode after a month of losses, made some headway today. In this case, corrective would also mean tempting to bargain hunters.
Read moreConfessions of a Gold Analyst: Debunking The “Safe Haven” Myth
I am sure many of you watch commercials on television, or listen to metals “experts,” which propagate the common mantra that gold is a “safe haven.”
LBMA See Positive Demand For Gold, Weak Demand For Silver In October
(Kitco News) – Trading activity in the London gold market increased in October as prices rose, according to the latest clearing statistics from the London Bullion Market Association (LBMA).
Read moreGold Sees Corrective, Short-Covering Bounce from Recent Selling Pressure
Gold prices posted moderate gains Monday on an upside technical correction, some short-covering in the futures market and on some bottom-picking in the cash market. Gold prices last Friday set a 5.5-year low.
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