Safe-Haven Demand Surfaces to Help Send Gold to 4-Week High
Gold prices popped to a four-week high of $1,155.40 in December Comex futures as of this writing late Thursday morning.
Read moreU.S. New Home Sales Rise 5.7% In August
(Kitco News) – The U.S. housing sector saw some strong gains in August, handily exceeding expectationss as consumers bought more new homes, according to the latest sales data from the U.S. Commerce Department.
Read moreComex Gold Futures Hit Four-Week High On Short Covering
Comex gold futures hit a four-week high on short covering Thursday,with traders linking this to softer U.S. economic data, weaker equities and technical-chart factors.
Read moreOrex: Fresnillo Completes $6 Million Investment In Coneto Silver-Gold Project
Orex Minerals Inc. (TSXV: REX) reports that that partner Fresnillo PLC (LSE: FRES) has confirmed that it spent $6 million, as outlined in a 2012 agreement, allowing the Coneto Gold-Silver Project in Mexico to proceed as a joint venture.
Read moreU.S. Weekly Jobless Claims Rise By 3,000
(Kitco News) – First-time weekly jobless claims in the U.S. rose by 3,000 to a seasonally adjusted 267,000 during the week to Saturday, the Labor Department said Thursday.
U.S. Durable Goods Orders Fall 2.0% in August
(Kitco News) – Despite a drop in the U.S. dollar in mid-August, the U.S. manufacturing industry lost momentum, in line with expectations and ending two consecutive months of strong gains, according to the latest data from the Department of Commerce. …
Read moreGold Demand To Increase 18%, 5% y/y Out Of India, China – Capital Economics
Gold prices see a boost Thursday, hitting a four-week high, and analysts at Capital Economics expect the metal to get even more support from continued physical demand out of Asia.
Read moreGold Firmer on More Short Covering; Yellen Remarks Awaited
Gold prices are modestly higher in early U.S. trading Thursday, on some more short-covering and bargain hunting following selling seen Monday and Tuesday.
Read moreThe 6PM Recap With Gary Wagner: Is Anyone Out There Interested In Buying Anything? Anyone? Hello?
Since the middle end of August, lethargy seems to have haunted almost every market you can name. (In general, many industrial and agricultural commodities are down considerably, however.) But let’s look at some major areas to get a feel for what’s happening overall.
Gold Prices Should Be Higher – Panel Discussion
Whatever effects paper gold has on the metal’s price, and whether or not the price is being suppressed, participants at this year’s panel discussion at the Denver Gold Forum agreed on one thing: gold should be higher and may have put in a bottom.