Gold Rallies on Surprise China Interest Rate Cut
A surprise move by China to lower its key interest rates has given the gold market a moderate boost Friday morning-just when the bulls needed a lift.
Read moreSurprise China Interest Rate Cut Boosts Gold, World Stock Markets
In a surprise move that just occurred Friday morning, China’s central bank lowered its lending and deposit rates by 0.25%.
Read moreExcellon Resources: Silver Output Up, Base-Metals Production Down In 3Q
Excellon Resources Inc. (TSX: EXN; OTC: EXLLF) reports higher third-quarter silver output but lower byproduct production of base metals at the Platosa Mine in Durango, Mexico.
Read moreLBMA Executive Chief Comments On Developments In OTC Gold Market
As lenders and market participants seek new ways to develop the gold industry, particularly the over-the-counter market, Kitco News speaks with the London Bullion Market Assocation’s (LBMA) executive chief, Ruth Crowell, to find out what changes are in…
Read moreGold Holds Steady Despite Big Rally in U.S. Dollar Index
Gold prices ended the U.S. day session near unchanged in a two-sided trade Thursday.
Read moreGold Moves Above Unchanged as Traders “Buy the Dip”
Gold continues to show resilience as prices have moved above unchanged after trading weaker in earlier dealings.
Read moreLower Negative Interest Rates A Possibility – ECB’s Mario Draghi
Lower Negative Interest Rates A Possibility – ECB’s Mario Draghi
Sales Of U.S. Existing Homes Rise 4.7% To 5.55 Million Rate In September
Sales of previously owned U.S. homes rose by 4.7% in September to a seasonally adjusted and annualized pace of 5.55 million, according to a report Thursday from the National Association of Realtors.
Read moreFreeport-McMoRan Posts Net Loss During Third Quarter
Freeport-McMoRan Inc. (NYSE: FCX) reports a third-quarter net loss of $3.8 billion, or $3.58 per share, compared with a net profit of $552 million, or 53 cents a share, in the same period of 2014.
Read moreGold Weaker in Early U.S. Trading
Gold prices are trading modestly lower in early U.S. dealings Thursday. This week’s better performance of the U.S.