Gold Weaker, Hits Multi-Month Low, on Hawkish Yellen, Higher U.S. Dollar, Sell Stops
Gold prices extended early losses and dropped to an eight-month low in the futures market and a four-month low in the cash market Wednesday.
Read moreGold Extends Losses to Hit 8-Month Low on Hawkish Tone from Yellen
Gold futures have extended earlier losses and have dropped to an eight-month low in late-morning trading Wednesday. Hawkishly construed comments from Federal Reserve Chair Janet Yellen, in her testimony before the U.S.
Congress, are bearish for the pr…
Fortuna Silver Mines Reports Rise In Second-Quarter Production
Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports that second-quarter production from its two operating mines in Latin America – the San Jose Mine in Mexico and the Caylloma Mine in Peru – was 1,671,309 ounces of silver,
Bank Of Canada Cuts Interest Rates By 25 bps
(Kitco News) – Continued economic weakness has once again forced the Bank of Canada to cut interest rates by a quarter of a percent, bringing its overnight interest rates down to 0.50%.
Read moreVote Now In The Kitco Weekly Gold Survey
Have your say! vote now in the Kitco News Wall Street vs Main Street Weekly Gold Survey.
Read moreGold Weakens on Yellen Prepared Remarks to Congress
Gold prices are moderately lower in morning dealings Wednesday, in the wake of some bearishly construed remarks from Federal Reserve Chair Janet Yellen.
Read moreYellen Testimony: It Might Be Appropriate To Raise Rates In 2015, But Fed Remains Data Dependent
(Kitco News) – Federal Reserve Chair Janet Yellen reiterates in her testimony before the House Committee on Financial Services that an interest rate hike will be appropriate this year if economic conditions continue to improve.
Read moreMKS Sees Gold In $1,143-$1,165 Range For Now
MKS (Switzerland) S.A. describes gold as “vulnerable” but also anticipates the metal will hold in a $1,143-$1,165 range for a while
Read moreEmpire State Manufacturing Index Rises To 3.9 In July
Kitco News reports on the New York Federal Reserves’ Empire State Manufacturing Survey for June.
Read moreU.S. Producer Prices Index Rises 0.4% In June
Kitco News – reports on the US producer prices index for June.
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