Barrick Trims Output Guidance After Equipment Breakdown At Pueblo Viejo Mine
Barrick Gold Corp. (NYSE, TSX: ABX) has trimmed its 2015 gold-production forecast after a mechanical issue at the jointly owned Pueblo Viejo mine in the Dominican Republic.
Read moreThe 6PM Recap WIth Gary Wagner: The Shortening Window Of 2015 And End Of Year
If anything characterizes movement in markets today, it could very well be the phrase “trimming the sails.” There are a number of reason investors and traders are cutting positions, or consolidating positions whether on upside or downside bets.
Is Gold Still A Good Investment or Just A Pet Rock? – CME Group
As investors shy away from gold given the metal’s continuous decline and imminent U.S. interest rate hike, one senior economist says that although he remains pessimistic on the yellow metal in the short term, historical data still proves it remains a great portfolio diversifier.
Gold Ends Down on Bearish Outside Markets, Very Negative Chart Posture
Gold prices ended the U.S. day session moderately lower Monday and are hovering close to last week’s 5.5-year low.
Analysts See Limited Impact On Gold If Yuan Included In IMF Currency Basket
The Chinese yuan’s expected inclusion in a benchmark currency basket is not expected to have a meaningful impact on gold prices, especially in the short term, analysts said.
SNL: Global Budget For Nonferrous Metals Exploration Falls 19% In 2015
The estimated worldwide budget for nonferrous metals exploration among producers fell 19% to $9.2 billion in 2015, the lowest total since 2009, according to a report from SNL Metals & Mining.
Money Managers Reverse To Net-Short Position In Gold In Countdown To FOMC – CFTC Data
Large speculators flipped to a net-bearish position in gold futures for only the second time ever in one Commodity Futures Trading Commission report, while further slashing their net long in another, according to the most recent data compiled by the go…
Read moreSales Of U.S. Existing Homes Fall 3.4% To 5.36 Million Rate In October
Sales of previously owned U.S. homes fell by 3.4% in October to a seasonally adjusted and annualized pace of 5.36 million, according to a report released Monday by the National Association of Realtors.
Read moreTechnical Trading: Gold Traders: Beware Of Stop Running In Thin Holiday Week
Gold prices are heavy in early trading Monday. The market is pressing lower as the bears eye a retest of the $1,062.00 per ounce level, the contract low for Comex December gold futures.
Read moreGold Weaker Amid Bearish Outside Markets; Silver Hits 6-Year
Gold prices are moderately lower in early U.S. trading Monday and hovering not far above last week’s 5.5-year low.