U.S. Weekly Jobless Claims Rise 3,000 To 259,000
First-time weekly jobless claims in the U.S. rose by 3,000 to a seasonally adjusted 259,000 during the week to Saturday, the Labor Department said Thursday.
ICE: China Construction Bank To Become Participant In Gold Auction
The Intercontinental Exchange reports that China Construction Bank Corp. has been approved by the ICE Benchmark Administration (IBA) to participate in the gold auction, which is used to determine the LBMA Gold Price, effective Oct. 30, ICE reports.
European Central Bank Leaves Interest Rates Unchanged
As was widely expected, the Governing Council of the European Central Bank left interest rates unchanged Thursday.
Read moreThe 6PM Recap With Gary Wagner: Markets Reacting To Each Other Still Struggle To Find Firm Direction
Gold seemed ready to stand its ground overnight but then crude oil, a bearish outside market, tumbled and helped drag gold down.
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.
Read moreGold Falls on Profit Taking, Bearish Outside Markets
Gold prices ended the U.S. day session lower on some profit-taking pressure Wednesday, following recent gains.
Read moreUSAGX’s Denbow: Producers’ 3Q Profits Likely To Be Down Due To Lower Gold Prices
Most gold-mining companies should be in the black when they report their third-quarter earnings, although they may not be as profitable as the prior quarter due to lower gold prices, said Dan Denbow, portfolio manager of the USAA Precious Metals and Mi…
Read moreGold Sells Off in Mid-Morning U.S. Trading
Gold prices have moved to moderately lower levels at mid-morning, after trading near steady at the opening of the U.S.
Read moreMcEwen: ‘I Believe Gold Bar Will Be The Next Mine We Put Into Production’
McEwen Mining Inc.(NYSE, TSX: MUL) lists the following highlights of a feasibility study for its Gold Bar Project in Nevada: low initial capital of $60 million, attractive IRR of 20% at current gold price, average annual gold production of 65,000 ounce…
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