Still Some Risk Aversion In Market Place, Ahead Of FOMC
Good morning this is the open with Jim Wyckoff. Gold prices Are weaker in early U.S. trading and hovering just above $1,100.
Read moreThe 6PM Recap With Gary Wagner: Data Still Conflicts, Confounds And Confuses
An important inflation reading released today showed U.S. import prices falling 1.8% in August as the cost of crude oil and a basket of other goods dropped. Import prices slid 0.9% in July.
Read moreGold Ends Higher On Short Covering, Bargain Hunting, Bullish Outside Markets
Gold prices ended the U.S. day session moderately higher Thursday. Short covering in the futures market and bargain hunting in the cash market were featured after prices fell to a four-week low Wednesday.
Read moreOnly A Matter Of Time Before Mining Companies Embrace New Technology – Mining Executive
(Kitco News) – Lower gold prices and lower ore grades is going to force the mining industry to accept new technology and new practices according to one innovative Quebec-based mining company.
Read moreExpect Gold’s Downtrend To Continue Through 2017, Averaging $900 – BNP Paribas
(Kitco News) – One French bank is not expecting the turn to weakness in the gold market to end anytime soon, forecasting triple-digit gold prices for 2017.
Read moreCentamin Updates Resource, Reserve Estimates For Sukari Gold Mine
Centamin Plc. (TSX: CEE; LSE: CEY) reports that the total measured and indicated mineral resource estimate stood at 13 million ounces of gold, with an open pit resource at a 0.3 gram per tonne cut-off grade, for its Sukari Gold Mine in Egypt, as of Jun…
Read moreGold Up on Short Covering, Bargain Hunting, a Bit More Risk Aversion
Gold prices are moderately higher in early U.S. trading Thursday. Short covering in the futures market and bargain hunting in the cash market are featured.
Read moreU.S. Weekly Jobless Claims Fall To 275K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 6,000 to a seasonally adjusted 275,000 during the week to Saturday, the Labor Department said Thursday.
HSBC: Weak Platinum Prices May Trigger Bargain Hunting By Investors
Platinum prices back below $1,000 an ounce may attract value-oriented investors, says HSBC. Nymex October platinum was as weak as $977.30 an ounce in overnight trading Thursday, its weakest level since Aug. 26, before bouncing.
Read moreFocus Turning To Next Week’s FOMC Meeting
Good morning this is the open with Jim Wyckoff. Gold is Firmer on some short covering and a bit less risk appetite In the market place Thursday morning.
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