Gold Weaker On Lack of Bullish News; U.S. Jobs Report Looms
(Kitco News) – Gold is modestly lower in early U.S. trading Thursday, as the path of least resistance for prices remains sideways to lower amid a decidedly bearish technical posture that continues to keep buyers very timid
Gold Has Simply Fallen Out Of Favor With Investors – OptionsXpress
Sentiment and momentum indictors continue continue to signal that the gold market is oversold; however, that doesn’t mean investors should expect to see a turnaround in prices says Rob Kurzatkowski, senior commodity analyst at OptionsXpress.
Read moreBOE Leaves Interest Rates Unchanged
Kitco News – Gold prices Are near steady in early U.S. dealings Thursday.
IAMGOLD Reports Net Loss Of 30.8 Million On Falling Gold Prices
(Kitco News) – IAMGOLD (NYSE: IAG; TSX: IMG) couldn’t keep out of the red in the second quarter of 2015, despite higher gold production at lower costs, according to the company’s latest operational results.
Barrick Officials Outline Efforts To Cut Costs, Debt; Dividend Reduced
(Kitco News) – Barrick Gold Corp. (NYSE, TSX: ABX) posted a smaller adjusted net profit in the second quarter compared to a year ago and also trimmed its dividend, the company announced late Wednesday.
Read moreBarrick, Royal Gold Announce Streaming Agreement For Pueblo Viejo Mine
(Kitco News) – Barrick Gold Corp. (NYSE, TSX: ABX) has entered into a streaming agreement with RGLD Gold AG, a subsidiary of Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL), for production linked to Barrick’s 60% interest in the Pueblo Viejo mine, the two c…
Read moreThe 6PM Recap With Gary Wagner: Conflicting Data Once Again Confuses Markets
The heavyweight champ – the dollar – was up, it was down, it was back up, no, it’s back down.
Commodities Still Under Pressure, Trading In State of Coma – Senior Trader
(Kitco News) – Gold prices once again drifted lower mid-Wednesday, reacting to considerably better-than-expected U.S. ISM non-manufacturing data.
Nonfarm Payrolls Would Have To Fall Under 100K To Push Gold Higher – Market Analysts
Friday’s U.S. employment report would have to show considerably weaker job growth in July for it to push gold prices higher, according to some market analysts.
Read moreGold Again Pressured by Bearish Charts, Outside Markets
Gold prices ended the U.S. day session moderately lower Wednesday in choppy trading. The key outside markets were once again bearish for the precious metals today, as the U.S. dollar index was firmer and crude oil prices were lower. The dollar index h…
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