Gold Sees Follow-Through Buying as Technical Posture Improves; Silver Hits Nearly 3-Mo. High
Gold prices have moved higher in early U.S. trading Tuesday, boosted on follow-through buying interest from last Friday’s good gains that improved the near-term technical posture of the market.
Read moreFreeport Restructures Board, To Review Alternatives For Oil, Gas Business
Freeport-McMoRan Inc. (NYSE: FCX) has reduced the size of its board from 16 to nine members and is undertaking a review of strategic alternatives for its oil and gas business, the company announced Tuesday.
Read moreGold Slightly Up as Near-Term Technical Posture Improving
Gold prices are slightly higher in early U.S. trading Tuesday, as the bulls are working to build upon the momentum they gained with last Friday’s solid gains.
Sibanye Gold Agrees To Buy Aquarius Platinum For $294 Million
Sibanye Gold Ltd. (NYSE: SBGL; JSE: SGL) continued its foray into the platinum market Tuesday when South Africa’s largest gold producer announced an agreement to buy Aquarius Platinum Ltd. for $294 million.
Quieter Overnight Activity As China Markets Closed
Gold prices are near steady in early US trading, As the market sees some chart consolidation after last Friday’s gains.
Read moreThe 6PM Recap With Gary Wagner: World Equities, U.S. Dollar Pop on More Upbeat Outlook For Energy While Bernanke Says Fed Is Right To Keep Rates Subdued
As we have argued in our daily and weekly letters for a long time, Bernanke agrees that the economy cannot work as a two-legged stool.
Read moreGold Ends Near Steady on Consolidation After Friday’s Solid Gains; Silver Hits 6-Week High
Gold prices ended the U.S. day session near unchanged in two-sided trading Monday.
Read moreHedge Fund Short Covering Continues To Drive Gold Market – CFTC
(Kitco News) – For the second consecutive week, some hedge funds and money managers covered their short positions and continued to test gold’s investment waters, according to the latest data from the Commodity Futures Trading Commission (CFTC).
ISM Non-Manufacturing Index Falls To 56.9% In September
(Kitco News) – The U.S. service sector lost considerable momentum in September, missing expectations, according to the latest data from the Institute for Supply Management.
Read moreGold Sees Follow-Through Strength After Friday’s Solid Gains
Gold prices have erased modest overnight losses and are slightly higher and trading near the session high in late-morning dealings Monday.
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