Gold Near Unchanged on Chart Consolidation; Bulls Still Have Near-Term Chart Advantage
Gold prices are trading near steady in early U.S. dealings Wednesday.
Read moreBarclays Describes Overall Mood At LBMA Conference As ‘Cautious’
Barclays describes the tone of this week’s annual London Bullion Market Association conference as “cautious,” with the outlook on prices “subdued but not overly bearish.”
China Stock Market Sees Big Sell-Off.
Gold prices are slightly lower in early U.S. trading, as chart consolidation continues to be featured. Gold and silver market bulls still have the near-term technical advantage.
Read moreThe 6PM Recap With Gary Wagner: A Slow Day Tiptoes By And We Are Reminded Why Economics Is Called The Dismal Science
The soft dollar is underpinning gold’s and other precious metals’ upward trend. Palladium is acting on its own, however. It is hard to determine the reasons for its recent strength. World manufacturing that requires it is growing, but not surging madly. Perhaps more and more fuel cells are being manufactured; palladium is a key element in their making
The 6PM Recap With Gary Wagner: A Slow Day Tiptoes By And We Are Reminded Why Economics Is Called The Dismal Science
The soft dollar is underpinning gold’s and other precious metals’ upward trend. Palladium is acting on its own, however. It is hard to determine the reasons for its recent strength. World manufacturing that requires it is growing, but not surging madly. Perhaps more and more fuel cells are being manufactured; palladium is a key element in their making
Gold Up as Near-Term Technicals Favor the Bulls
Gold prices ended the U.S. day session modestly higher Tuesday, as traders bought the recent dip in prices. The near-term chart postures for gold and silver favor the bulls and continue to invite fresh buying interest in both metals.
Read moreLBMA Delegates See Modest Change In Gold, Gains For Other Metals In Next Year
Participants in the London Bullion Market Association’s (LBMA) annual conference look for gold prices to change modestly by the time the event begins next year, but for other precious metals to be higher.
Osisko Acquires Canadian Portfolio Of Precious Metal Royalties
Osisko Gold Royalties Ltd. (TSX: OR) announces that it has entered into an agreement to acquire a portfolio of Canadian royalties held by Teck Resources Ltd. (TSX: TCK.A and TCK.B; NYSE: TCK) for C$28 million, with an additional C$2.5 million paid on c…
Read moreHecla Mining 3Q Silver Output Dips But Production On Target For Upper End Of Guidance
Hecla Mining Co. (NYSE: HL) said Tuesday that silver production dipped in the third quarter but gold output was up, with “strong, consistent” silver output at the Greens Creek Mine in Alaska but lower production at Lucky Friday in Idaho due to lower grades and mechanical issues that have been resolved.
U.S. Housing Starts Rise To 1.21 Million Units In September
U.S. housing starts rose 6.5% in September to a seasonally adjusted annual rate of 1.21 million units, the Commerce Department said Tuesday.
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