Goldman Sachs Calls For $1,000 Gold
(Kitco News) – After a one-day reprieve, gold prices are on the defensive again, trading below $1,100 an ounce, and one major bank expects the weakness to continue.
Read moreWalsh’s Lusk: Timing Of Chinese Release Of Gold Holdings ‘Most Curious’
Sean Lusk, director of commercial hedging at Walsh Trading, finds it noteworthy that China released official-sector gold holdings – which disappointed the market – when gold was already in a downtrend.
Grand View: Mining-Equipment Market To Hit $95.14 Billion By 2022
ewmont Mining Corp.’s (NYSE: NEM) board of directors has declared a quarterly dividend of $0.025 per share of common stock, payable on Sept. 24 to shareholders of record at the close of business on Sept. 10.
Read moreFresnillo Reports Higher Silver, Gold Output, Raises Gold-Production Outlook
(Kitco News) – Fresnillo Plc.’s (LSE: FRES) second-quarter silver and gold production rose from a year ago and the company upped its guidance for gold output in 2015, officials announced Wednesday.
Selling In Gold Intensifies With Prices Closing In On Monday’s 5-Year Low
(Kitco News) – Gold prices are sharply lower in early U.S. trading Wednesday, as the sellers are emboldened by the serious chart damage inflicted just recently, and by the lack of bullish fundamental news to support the safe-haven metal.
Gold Under More Selling Pressure
Kitco News – Gold is under selling pressure again Wednesday morning. Prices are closing in on Monday’s five-year low of $1,080, Basis August Comex futures.
Gold’ Bottom Near, Fed Won’t Raise Rates In 2015 – ‘Bubba’ Horwitz
(Kitco News) – (New York) – As gold prices breathed a sigh of relief after Monday’s selloff, one analyst said that the metal may be near its bottom.
Gold Weaker; Bulls Work to Stabilize Market After Monday’s Blood-Letting
Kitco News – Gold prices ended the U.S. day session just modestly lower Tuesday, following Monday’s debacle that saw the yellow metal drop sharply and hit a five-year low.
June Swiss Gold Exports To China Show Monthly Decline But 368% Rise From 2014
Chinese gold demand remains an important component for the overall market, despite data showing lackluster demand last month.
Read moreThe Molycorp Bankruptcy – Doom or Dawn for Rare Earth Elements?
The recent bankruptcy (chapter 11) filing by Molycorp, the U.S.’ only producer of rare earth elements, prompted many comments about the future of this market sector. Once an icon for independence from China for these crucial materials the company now appears to have fallen victim to a sustained period of low prices.