Gold Slips Back to Near 5.5-Year Low as U.S. Dollar Index Continues Ascent
Gold prices are moderately lower in early U.S. trading Tuesday. A stronger U.S. dollar index that scored a seven-month high overnight has trumped the tepid safe-haven demand seen in the precious metal early this week, following last week’s Paris terror attacks. February Comex gold was last down $3.70 at $1,080.40 an ounce.
Kirkland Lake Gold Agrees To Acquire St Andrew Goldfields
Kirkland Lake Gold Inc. (TSX: KGI) has entered into an agreement to acquire St Andrew Goldfields Ltd. (TSX: SAS; OTCQX: STADF) to create a multi-asset, Ontario-focused, intermediate gold producer, the companies reported late Monday.
Read moreU.S. Mint Sells Out Of 2015 One-Tenth Ounce Gold Bullion Coins
The U.S. Mint has sold out of 2015-dated American Eagle one-tenth ounce gold bullion coins.
World Stock Markets Back In Rally Mode As Gold Sags
World stock markets were mostly higher Tuesday as traders and investors try to move past the terror events in Paris late last week.
Read moreThe 6PM Recap With Gary Wagner: Recovery And Reflection As We Acknowledge The World Grows Smaller
Today was a day of recovery for markets as well it was a day of recovery from pondering the awful events in Paris this past Friday.
Read moreWorld Gold Council’s Latest Demand Trends Reports Shows Higher Interest In Gold
Last week, the World Gold Council released its latest Demand Trends report for the third quarter, which showed that interest in the metal was much higher on the back of lower gold prices, especially from central banks.
Read moreGold Gives Up Moderate Early Gains; Pressured by Stronger U.S. Dollar
Gold prices saw a moderate safe-haven bid to start the U.S. day session, but those gains were mostly given up by the time the Comex gold futures market closed.
Read moreFirst Majestic Silver Reports 3Q Loss; Cost-Cutting Efforts Include Personnel Cuts
First Majestic Silver Corp. (NYSE: AG; TSX: FR) reported a loss for the third quarter on Monday but also cited efforts to contain costs, including personnel cuts.
Kitco Technical: Beware Of Potential “Bear Trap” In Gold This Week
Gold prices spiked higher in overnight trading as knee-jerk safe-having buying boosted the metal in the wake of the Paris terror attacks.
Read moreAsanko Gold Mine In Ghana Ready for Commissioning Next Month
Asanko Gold Inc. (TSX, NYSE MKT: AKG) reports that the Asanko Gold Mine in Ghana, which has been under construction since August 2014, is now preparing for “hot commissioning” in December.