The 6PM Recap With Gary Wagner: The Mixing, Mashing, And Uncertain State Of Gold, Oil, Dollar
If the Fed sneezes, investors catch a cold. That’s a variation on the old adage about the U.S. sneezing and the world catching a cold.
Gold, Silver See Sharp Monthly Losses In July, Remain Sensitive To Employment Data
(Kitco News) – Gold and silver prices saw sharp losses this month and with little direction from the Fed after its July monetary policy meeting, analysts say that markets will be sensitive to economic data next week, especially Friday’s nonfarm payrolls report.
Officials: Endeavour Mining Accomplishes Goals With Higher 2Q Earnings, Output
Officials with Endeavour Mining Corp. (TSX: EDV; ASX: EVR; OTCQX: EDVMF) said the company accomplished its five main goals during the second quarter and have made cost cuts so that they remain profitable even with the recent drop in gold prices.
Read moreRetail Investors Still Negative On Gold; Wall Street Moves To The Sidelines
Retail investors continue to see no light at the end of the tunnel in the gold market as most remain bearish on prices next week, while market analyst have moved to the sidelines, according to the latest Kitco News Wall Street vs. Main Street Weekl…
Read moreSilver Supply Crunch To Push Prices Higher – Capital Economics
(Kitco News) – One U.K.-based research firm expected silver prices to recover over the next couple of years due to a supply crunch; however, given the recent decline in metals prices, they now say this recovery might come sooner.
Read moreMining Stocks Mixed; Divergence For Companies Involved With Mergers
Gold stabilized during the first four days of this week, taking away some of the pressure that weaker prices had exerted on mining stocks earlier this month.
Read moreChicago PMI Rises To 54.7 In July
(Kitco News) – The headline index for the Chicago Business Barometer, widely known as the Chicago Purchasing Managers Index, is stronger than expected, rising to a reading of 54.7 this month, according to a report released Tuesday.
Read moreGold Bounces on Short Covering, Bargain Hunting, Weaker U.S. Dollar Index
(Kitco News) – Gold prices on Friday morning are posting a decent rebound from selling pressure that earlier this week drove prices to a 5.5-year low.
Stillwater Mining Reports Second-Quarter Loss After Impairment Charge
(Kitco News) – Stillwater Mining Company (NYSE: SWC) posted a net loss of $27.5 million in the second quarter, with earnings impacted by a $46.8 million before-tax impairment charge against the carrying value of Marathon mineral properties in Canada, …
Read moreMore Likelihood of Gold Breaking Upper Bound – Triland Metals
Outflows from global gold exchange-traded funds continue while inflows are occurring in ETFs for platinum group metals, says Commerzbank.
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