U.S. Flash PMI Rises Slightly To 53.8
Kitco News reports on the Markit flash manufacturing purchasing managers index for July
Read moreFred Leigh Named Chief Executive Of Apogee Silver
Fred Leigh has been appointed chief executive officer of Apogee Silver Ltd.
Read moreBarrick Gold Completes Divesture Of Cowal Mine
Barrick Gold Corp. (NYSE, TSX: ABX) has completed the sale of its Cowal mine in New South Wales, Australia, to Evolution Mining Ltd. (ASX: EVN) for $550 million, Barrick reported late Thursday.
Gold Lower, Sinks to New 5-Year Low; More Chart Damage
Gold prices dropped to a fresh five-year low of $1,072.30, basis August Comex futures, overnight, breaching this week’s previous low of $1,080.00.
Read moreUBS: Silver ETF Holdings Rise While Gold Holdings Decline
Holdings in silver exchange-traded funds have been rising while those in gold ETFs fall, says UBS. The bank describes silver ETFs as “quite resilient,” with holdings rising by 3.76 million ounces so far this month.
Read moreGold Resumes Down-Slide
Kitco News – Gold dropped to a fresh five-year low of $1,072.30, basis August Comex futures, overnight, breaching this week’s previous low of $1,080.00. More chart damage was inflicted to suggest still more selling pressure is coming for the yellow metal in the coming weeks.
The 6PM Recap With Gary Wagner: A Call For Contradictions On A Day Of Good News In U.S. Labor
Weekly unemployment filings in the U.S. sank to their lowest levels in more than 41 years last week. This should be cause for jubilation throughout the land, indeed throughout the whole world.
Read more“Gold Conjunction of Price, Value and Sentiment and I’m Bullish” – Jim Grant
Don’t tell Jim Grant, the publisher of Grant’s Interest Rate Observer, that gold is a hedge.
Newmont CEO: Some Mining Companies To Be Challenged; Indian, Chinese Gold Demand Strong
The chief executive of Newmont Mining Corp. (NYSE: NEM) concedes there will be some “challenges” in the mining sector after the recent plunge in gold prices. He also describes gold demand from the world’s top two gold-consuming nations, China and India, as supportive for the precious metal.
Gold Modestly Up on Tepid Short Covering, Bargain Hunting
Gold prices ended the U.S. session modestly higher in a quieter trading day Thursday. Mild short-covering and a technical rebound in the futures market,
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