U.S. Producer Price Index Posts Unexpected 0.4% Decline In October
Producer prices for finished goods in the U.S. decreased by a seasonally adjusted 0.4% during October, the Labor Department said Friday.
Read moreU.S. Retail Sales Increase 0.1% During October
Retail sales in the U.S. climbed by 0.1% during October, the Labor Department said Friday.
Read moreChina Gold International Resources: Copper Production Down But Gold Output Up In 3Q
China Gold International Resources Corp. Ltd. (TSX: CGG; HKSE: 2099) reports higher gold output but a decline in copper production during the third quarter.
Read moreBBH: ‘December Will Be A Month To Remember’ For U.S., ECB Monetary Policy
Brown Brothers Harriman says “December will be a month to remember,” with market participants looking the Federal Reserve and European Central Bank to move in opposite directions on monetary policy.
Short-Covering Bounce For Gold
Gold is seeing a short covering bounce after December Comex futures prices hit a contract low Thursday and as gold prices overall are hovering near a 5.5-year low.
Read moreThe 6PM Recap With Gary Wagner: Permazero Fiddles While Crude Oil Burns
West Texas Intermediate crude fell over 3.00% today while Brent North Sea cratered by almost 3.70%. Both drops in price are signs that oil is about to test its recent (August) lows, and that prices could perhaps go lower.
Read moreGold Ends Weaker in Choppy Trading as Prices Hover Near 5.5-Year Low
December gold futures prices ended a very choppy U.S. trading session lower and hit a fresh contract low Thursday.
Read moreDiwali Demand Not Enough To Support Gold Prices – Analysts
It is day four of India’s five-day Diwali festival, a time known for gold buying, however some analysts say this year’s celebrations may not provide much of a floor for struggling gold prices.
Gold Quickly Rebounds from Daily Lows on Bargain Hunting, Short Covering
December Comex gold futures sunk to a fresh contract low of $1,073.00 an ounce Thursday morning.
Read moreDec. Comex Gold Hits Contract Low; Market Hovers Near 5.5-Year Low
December Comex gold futures dropped below what was strong chart support at the summertime low of $1,073.70 in mid-morning trading Thursday.
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