Fed Beige Book Reports Modest Economic Growth
(Kitco News) – According to anecdotal evidence from the Federal Reserve’s Beige Book, the U.S. economy saw moderat growth between mid-August to early-October
Gold Rallies to 3.5-Month High on Weak U.S. Data, Bullish Charts, Slumping U.S. Dollar
Gold prices ended the U.S. day session higher and scored a 3.5-month high Wednesday.
Read moreMore Market Turmoil As Fed Experiment Ends Badly Will Drive Gold Higher – Tocqueville
In the third quarter, investors got a glimpse of the market turmoil that is needed to sustain higher gold prices and according to one gold fund manager shifting investor sentiment will continue to support gold in the near-term.
Read moreImproving Sentiment Helping Gold Market But Don’t Rule Out December Rate Hike – ANZ
Although one international bank is not completely convinced that a December rate hike is out of the question, it has raised gold and silver forecasts on shifting market sentiment.
Read moreGold Could Benefit As Markets Are Desperate For Leadership – Axel Merk
One fund manager continues to favor gold as U.S. financial markets, desperate for leadership, dictate monetary policy to the U.S. Federal Reserve.
Read moreEndeavour Mining: 3Q Production ‘At The High End Of Production Guidance’
Officials with Endeavour Mining Corp. (TSX: EDV; ASX: EVR; OTCQX: EDVMF) report gold production of 124,893 ounces during the third quarter and output for the first nine months of the year totaling 379,802 ounces.
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 moreRBC’s Gero: Gold Futures Extend Rally After U.S. Economic Data
Gold futures have hit their highest level in more than three months as a soft U.S. report on retail sales portends continued low interest rates and a weaker U.S. dollar, says George Gero, precious-metals strategist with RBC Capital Markets Global futur…
Read moreGold Up, at 3.5-Month High; Weak U.S. Retail Sales Data Supportive
Gold prices are moderately higher in early U.S. trading and hit a 3.5-month high overnight. Just-released downbeat U.S. retail sales data also fell into the precious metals bulls’ camp.
U.S. Retail Sales Rise 0.1% During September
U.S. retail sales rose 0.1 % in September, the Commerce Department reported Wednesday.
Read more