Gold Slightly Up, Hovering Just Above Key Chart Support at $1,100
Gold is slightly higher in early U.S. trading, as the bulls are trying to stabilize the market following the recent downdraft that has dropped prices to a four-week low Thursday.
Read moreU.S. Weekly Jobless Claims Rise 16,000 To 276,000
First-time weekly jobless claims in the U.S. rose by 16,000 to a seasonally adjusted 276,000 during the week to Saturday, the Labor Department said Thursday.
Gold & Silver Prices Suffer On Fed Inaction – Capital Economics
Although the commodity slump continues, with gold and silver prices suffering on the back of 2015 interest-rate hike expectations, one economist is optimistic on the metals over the longer term.
Read moreMarketplace Still Consumed By Timing Of U.S. Rate Hike
Gold prices are seeing a tepid short-covering bounce from recent selling pressure that saw prices Wednesday Fall to another four-week low.
Read moreRandgold Reports Record Production; 3Q Profit Declines On Lower Gold Prices
Randgold Resources (LSE: RRS; NASDAQ: GOLD) reported record gold production during the third quarter and said it is accelerating exploration efforts, although the company did report a lower profit for the period.
Read moreThe 6PM Recap With Gary Wagner: What Yellen Said And What She Didn’t Say
It could be appropriate” to act at the Fed’s final policy-making meeting of the year in mid December, Fed Chairwoman Janet Yellen told the House Financial Services Committee.
Silver Wheaton Ups Guidance After Antamina Streaming Deal
Silver Wheaton Corp. (TSX, NYSE: SLW) has increased its production guidance for 2015 as a result of a new streaming deal with Glencore, and the transaction will mean yet another jump in 2016, the company’s chief executive said Wednesday.
Gold Falls To Another 4-Week Low on Hawkish Yellen Remarks, Higher U.S. Dollar Index
Gold ended the U.S. day session moderately lower, near the session low and dropped to another four-week low Wednesday.
Read moreUSD To Keep Climbing As Fed Raises Rates More Than Expected – Capital Economics
As gold struggles on the back of a stronger U.S. dollar, analysts at one U.K.-based research firm say they expect the strength in the greenback to continue as the U.S. Federal Reserve looks to raise rates.
Read moreVote Now In The Kitco Weekly Gold Survey
Have your say! vote now in the Kitco News Wall Street vs Main Street Weekly Gold Survey.
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