U.S. Weekly Jobless Claims Rise to 267k
(Kitco News) – First-time weekly jobless claims in the U.S. rose by 12,000 to a seasonally adjusted 267,000 during the week to Saturday, the Labor Department said Thursday.
U.S. Economy Expands 2.3% In Second Quarter, First Quarter Sees Positive Revisions
Kitco News reports on the advance reading of U.S. second quarter GDP
Read moreGold Lower Amid No Fresh, Bullish News, Bearish Charts
Gold prices are moderately lower and trading not far above the recent 5.5-year low in early U.S. trading Thursday.
Read moreTeranga Flips To 2Q Profit As Production Rises, Costs Decline
Golden Star Resources (NYSE: GSS; TSX: GSC; GSE: GSR) reports lower second-quarter gold output and says it is transitioning to be a lower-cost producer by the end of 2016
Read moreUBS: Reduced Interest In Comex Gold Means ‘Counteracting Influences’
After not much gold action post Wednesday’s Federal Open Market Committee statement, analysts at HSBC say they expect the metal’s downtrend to continue.
Traders Digest FOMC, Awaiting More Economic Data
Kitco News – Gold is under selling pressure again and is holding Just above the recent 5.5-year low in early U.S. Trading today.
OceanaGold, Romarco: Merger To Create World’s Lowest-Cost Gold Producer
(Kitco News) – OceanaGold Corp. (TSX, ASX, NZX: OGC) and Romarco Minerals Inc. (TSX: R) say they have reached an agreement to merge in an all-stock transaction that will result in the lowest-cost gold producer in the world.
Read moreThe 6PM Recap With Gary Wagner: Gold On Hold, Crude Bounces Up On Lower Stockpiles Then Settles Lower, Global Equities Up Except Nikkei
Gold held its breath as it awaited the Federal Reserve presentation as well as after the FOMC meeting that ended today. It declined a bit, and then rose slightly despite a stronger greenback.
Read moreKinross Gold Reports Loss In 2Q, Considering More Cost Cuts At Tasiast
Kinross Gold Corp. (TSX:K; NYSE:KGC) late Wednesday reported a second-quarter net loss of $83.2 million, or 7 cents per share, compared with earnings of $46 million, or 4 cents, in the same period a year ago.
Agnico Eagle Reports Decline In 2Q Income, Increases Capex Exploration Spending
Agnico Eagle Mines Ltd. (NYSE: AEM; TSX: AEM) reported a decline in second-quarter income but an increase in production late Wednesday.