Wall Street, Main Street See Higher Gold Prices Next Week
More bears are back in the marketplace, but still a majority of retail investors and market professional expect to see higher gold prices next week, according to the Kitco New Wall Street vs. Main Street Gold Survey.
Read moreStocks Of Metals Producers Mixed For Week; Stillwater, Agnico Eagle Post Gains
North American share prices for gold producers were mixed during the first four days of this week, while stocks for those that mine for base metals tended to find themselves on the defensive.
Read moreGold Weaker on Corrective Pullback, Upbeat U.S. GDP Data
Gold is moderately lower in early U.S. trading Friday, on a downside correction from the solid gains posted Thursday, in which prices hit a four-week high. A better reading on the latest U.S. gross domestic product report also is bearish for gold. Dece…
Read moreSecond Quarter U.S. GDP Expands By 3.9% In Final Estimate
(Kitco News) – The U.S. economy expanded by 3.9% in the second quarter, the Commerce Department said in its final estimate of the nation’s gross domestic product (GDP) report, slightly beating expectations
Bargain Hunting In Gold ‘Dried Up,’ Metals Vulnerable To Liquidation – Hightower Report
Gold prices are retreating Friday after hitting a four-week high earlier in the week, and one financial newsletter says the metal may be vulnerable.
Read moreBarrick Gold: Processing Restrictions at Veladero Mine Are Lifted
Barrick Gold Corp. (NYSE, TSX: ABX) reports that restrictions on processing at the Veladero mine in Argentina have been lifted. A local court previously restricted the addition of new reagents to the mine’s heap-leach circuit following the failure of a valve on a pipe carrying cyanide solution at the leach pad, which led to a release of solution.
U.S. GDP Data On Tap Today.
Gold prices Are seeing a corrective pullback this morning following the solid gains Posted on Thursday.
Read moreThe 6PM Recap With Gary Wagner: Fed Chair Yellen To Deliver Speech After Trading Closes Today
Later this afternoon, Janet Yellen must fulfill her role as “Soother-in-Chief” of the world economy. Can she accomplish that without compromising her role as “Truth-Teller-In-Chief?” It will be a tightrope walk.
Gold Hits 4-Week High on Heavy Short Covering and Some Safe-Haven Demand
Gold prices popped to a four-week high of $1,156.40 in December Comex futures Thursday.
Read moreCanadian Mining Projects Benefiting from $1,500 Gold Price
The Canadian dollar continues to be hammered against the U.S. dollar, falling below 75 cents for the first time in 11 years; however, the weaker currency is positive news for Canadian-based mining projects.
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