Gold Higher on Safe-Haven Demand Amid World Stock Market Sell-Off Tuesday
Gold prices ended the U.S. day session moderately higher Tuesday, on some safe-haven demand amid keener risk aversion in the market place on this day.
Read moreGold Expected To Rally In Q4 After September Rate Hike – Capital Economics
(Kitco News) – The gold market could be in for more pain before heading higher as the U.S. Fed could still raise interest rates when it meets later this month, according to one research firm.
Read moreFirst Mining Finance, Gold Canyon Resources, PC Gold To Merge In All-Share Deal
First Mining Finance Corp. (TSXV: FF), Gold Canyon Resources Inc. (TSXV: GCU; OTC PINK: GDCRF) and PC Gold Inc. (TSXV: PKL) report that they haveentered into definitive agreements under which First Mining has agreed to acquire all of the common shares of the other two companies. The deal requires shareholder approvals.
U.S. ISM Manufacturing Index Falls To 51.1% In August
(Kitco News) – The U.S. manufacturing sector lost more momentum than expected in August, according to data, , from the Institute of Supply Management.
Read moreAustralia Sees Boost In Gold Production As Prices Averaged A$1,532/Oz In Q2 – Surbiton
Australian Mining sector, benefiting from a weaker Australian dollar, saw higher gold production of 72 tonnes in the second quarter, according to the latest survey of the Australian gold mining industry by Surbiton Associates Pty Ltd.
Read moreThe U.S. Fed Needs To Raise Rates For Possible QE4 – Chief Strategist
As markets digest the recent central bank meeting in Jackson Hole, Wyoming, one market participant says that the U.S. Federal Reserve has ulterior motives to push up an interest rate hike.
Read moreUBS: Gold’s Focus Remains On Federal Reserve Monetary Policy
Gold has been closely tracking changes in expectations for Federal Open Market Committee monetary policy lately and this is likely to continue, says UBS.
Read moreCanada Falls Into Technical Recession
(Kitco News) – The Canadian Economy fell into a technical recession in the second quarter of this year, which the government defines as two consecutive quarters of negative growth, according to the latest data from Statistics Canada.
Read moreGold Up on Safe-Haven Demand Amid World Stock Market Sell-Off
Gold prices are moderately higher in early U.S. trading Tuesday, on some safe-haven demand amid keener risk aversion in the market place on this day. Short covering in the futures markets and bargain hunting in the cash market are also featured. Decemb…
Read moreThe 6PM Recap With Gary Wagner: Crude Prices Crowd Other News, Confound Common Sense
Yes, we know the old advice – Buy on the rumor, sell on the fact. But crude isn’t exactly moving on rumor, and there are surely a lot of facts floating around. Yet, up go prices.