UBS: Chinese Gold Demand Remains Near Historically Elevated Levels
China’s gold demand might be slightly below the last two years but nevertheless remains around historically elevated levels, says UBS.
U.S. Durable Goods Orders Rise 2.0% In July
(Kitco News) – Despite continued strength in the U.S. dollar The U.S. manufacturing industry found some momentum last month, its second consecutive month of strong gains, according to the latest data from the Department of Commerce.
Read moreGold Down as U.S., European, Japan Stocks Up; Silver Hits 6-Yr. Low
Gold is moderately lower in early U.S. trading Wednesday. Rallies in most major world stock markets today have put the safe-haven gold market bulls on the defensive again.
Read moreLook for another volatile trading day Wednesday.
The eyes of the market place remain focused on China, which has the world’s second-largest economy, which is now in trouble.
Read moreThe 6PM Recap With Gary Wagner: Risk On, Risk Off, Risk On… Keep Your Eye On The Bouncing Ball
While China’s Shanghai composite made more noisy news overnight by falling another 7.5%, the real news today is that the Hang Sen (HIS), Hong Kong’s composite, held its ground and even advanced.
EY: Canadian Mining Shares Post Gain In 2Q Even Though Metals Decline
(Kitco News) – Shares of Canadian mid-tier and junior mining companies outperformed the prices of metals in the second quarter, collectively posting a gain even though gold and copper weakened, said a report from the consultancy EY.
Read moreGold Down as Improved Risk Appetite, Upbeat U.S. Data Deliver 1-2 Punch
Gold prices ended the U.S. day session solidly lower and near their daily lows Tuesday.
Read moreNatixis Offers A Strategy To Play This Gold Market
One day gold prices are up 1.5% and the next day it is down just as much; and with prices coming off a new six-week high, it can be difficult to know how to play this market.
Read moreGold’s Fortunes Diminish As Equities Turn Around
A recovery in U.S. equity markets and positive economic data Tuesday morning is taking some momentum away from gold prices; however, some analysts still see potential for the yellow metal as uncertainty remains in the marketplace.
Read moreEY: Canadian Mining Shares Post Gain In 2Q Even Though Metals Decline
Shares of Canadian mid-tier and junior mining companies outperformed the prices of metals in the second quarter, collectively posting a gain even though gold and copper weakened, said a report from the consultancy EY.
Read more