U.S. Economic Outlook Positive; Equities To Move Higher By Year-End – Blackstone
As markets digest the latest Federal Reserve statement and look for clues as to when interest rates will rise, one executive of a major private-equity firm says his outlook on the U.S. economy remains optimistic.
Read moreGold Extends Losses, Hits 3-Week Low, on Follow-Through Pressure, New Technical Selling
Gold prices are trading lower and hit a three-week low in late-morning dealings Thursday.
Read moreSpot Gold Has ‘Ominous Reversal Of Fortune’ Post-Fed; Looks Good in EUR/Yen – Gartman
Newsletter writer and famed economist Dennis Gartman says he was not surprised by the U.S. Fed’s decision to take no action in Wednesday’s Federal Open Market Committee
OceanaGold Corp. Lists 3Q Profit, Expects Haile Commissioning In 2016
OceanaGold Corp. (TSX, ASX, NZX: OGC) lists a net profit of $6.9 million for the third quarter after a $971,000 loss in the second quarter. Production included 120,664 ounces of gold and 5,219 tonnes of copper.
Read moreGoldcorp Posts Record Gold Production In Third Quarter But Ends With Net Loss
Goldcorp Inc. (TSX: G, NYSE: GG) reported a net loss for the third quarter on Thursday even though gold production surged to a record high.
U.S. Weekly Jobless Claims Rise 1,000 To 260,000
First-time weekly jobless claims in the U.S. edged up by 1,000 to a seasonally adjusted 260,000 during the week to Saturday, the Labor Department said Thursday.
Read moreBarrick Reports Decline In Adjusted 3Q Earnings, On Target For Debt-Reduction Goal
Barrick Gold Corp. (NYSE, TSX: ABX) reported lower third-quarter adjusted net earnings than a year ago Wednesday but said it is on track to meet its $3 billion debt-reduction goal for 2015.
Read moreGold Market Bulls Reeling Following Surprisingly Hawkish FOMC Statement
Gold futures prices are sharply lower early Thursday, while the cash or “spot” market is trading near steady. The price discrepancy between the two is due to the Comex futures market officially closing before the FOMC statement early Wednesday afternoon.
U.S. GDP Growth Declines To 1.5% In Third Quarter From 3.9% In Second Quarter
U.S. gross domestic product rose by a seasonally adjusted annual rate of 1.5% in the third quarter, the Commerce Department said Thursday.
Agnico Eagle: Record Production Leads To 3Q Profit; 2015 Output Guidance Rises
Agnico Eagle Mines Ltd. (NYSE: AEM; TSX: AEM) Wednesday reported a profit in the third quarter despite lower gold prices than a year ago as the company posted record production.