Gold Sees Corrective Pullback After Recent Good Gains.
Gold prices are moderately lower in early U.S. trading, On some profit taking and a downside correction following Good gains seen this week that saw prices hit a 3.5-month high On Thursday.
Read moreThe 6PM Recap With Gary Wagner: US Dollar Rises On New Fed Rate Concern
Reacting to stronger underlying inflation news in the U.S. economy, the dollar moved up today. The nominal notion is that the inflation data feeds the fire of the speculation about an interest rate hike by the Federal Reserve. We still find that scenar…
Read moreGold Up, Hits 3.5-Month High, as Near-Term Technicals are Bullish
Gold prices ended the U.S. day session moderately higher and hit a 3.5-month high Thursday, on follow-through buying strength after Wednesday’s solid gains.
OceanaGold Receives Regulatory Approval For Acquisition Of Waihi Operation
OceanaGold Corp. (TSX, ASX, NZX: OGC) reports that the company has received approval from New Zealand’s Overseas Investment Office for the acquisition of the Waihi operation from Newmont Mining Corp. (NYSE: NEM).
Read moreDeutsche Bank: Softer U.S. Economic Data Means ‘Rosier’ Outlook For Gold
Growing doubts about when the Federal Open Market Committee might eventually hike U.S. interest rates have boosted prospects for gold, says Deutsche Bank.
Read moreGold Loses Price Gains Following Upbeat U.S. Jobless Claims Data
Gold prices have lost most of their early gains that saw the market hit a 3.5-month high, following a decline in U.S. jobless claims that are now at a 40-year low.
Read moreGold Rallies to 7-Week High on Bullish Technical Momentum; $1,200 Now in Sight
Gold prices are moderately higher and hit a seven-week high in early U.S. trading Thursday, on follow-through buying strength after Wednesday’s solid gains.
U.S. Consumer Price Index Falls 0.2% in September
Consumer prices in the U.S. fell in September by a seasonally adjusted 0.2%, the Labor Department said Thursday.
Read moreStrength In Gold A Feature In The Market Place This Week
A feature in the marketplace this week has been the recent strong rally in gold prices, which hit a 3.5-month high Wednesday.
Read moreThe 6PM Recap With Gary Wagner: As Fed Beige Book Disappoints Markets Realize There is Nothing There
The Fed national Beige Book was released today and the data within reinforced what shrewd analysts have been saying all along. The US economy is not going anywhere until it gets some real inflation fires stoked.
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