Marketplace Awaits Yellen’s Testimony
Gold and Many other markets are trading near steady in quieter trading This morning, as traders and investors await Federal Reserve Chair Janet Yellen’s semi-annual appearance before the U.S. House Financial Services Committee, where she will discuss…
Read moreThe 6PM Recap With Gary Wagner: Back To Business As Usual, Mixing And Matching Causes And Effects
As the dust begins to settle on the Euro-Greek tragicomedy and on the first phase of an Iran nuclear-bomb-prevention deal, we are back to some extent to business as usual.
Read moreGold Weaker on Better Risk Appetite, Bearish Technicals; Yellen on Deck
(Kitco News) – Gold prices ended the U.S. day session modestly lower Tuesday. Buying interest
In precious metals was limited due to the better investor/trader risk appetite that has been in the market place the past few days
Canadian Resources Minister: ‘Mining Important Engine Of Economic Growth’
(Kitco News) – Greg Rickford, Canada’s minister of natural resources, Tuesday pledged the Canadian government’s commitment to the mining industry, describing it as “an important engine of economic growth” throughout much of the nation.
Weaker Oil Prices On Iran Deal Won’t Drag On Gold– Analysts
(Kitco News) – Some commodity analysts are not expecting weaker oil prices, on the back of a potential nuclear agreement among Iran and six of the major world powers, to have much of an impact on gold prices in the near-term.
Read moreAnalysts: Gold/Silver Ratio May Remain At Elevated Levels
(Kitco News) – The gold/silver ratio may remain at elevated levels until there is a pick-up in global economic growth, analysts say.
Read moreUBS: Gold ETFs Show Signs Of Stabilization
Holdings in global gold exchange-traded funds are showing tentative signs of stabilizing, as flows turned positive Monday for the first time since June, UBS says.
Read moreGreat Panther Silver Reports Record Production In Second Quarter
Great Panther Silver Ltd. (TSX: GPR; NYSE: GPL) achieved record production in the second quarter from its two wholly owned Mexican silver mining operations, and the company also increased its production guidance for the year.
Read moreGold Slightly Up After Downbeat U.S. Retail Sales
Gold prices pushed just above the unchanged level in early U.S. trading Tuesday, following a U.S. retail sales report that did not meet market expectations.
Read moreU.S. Advance Retail Sales Fall 0.3% In June
Kitco news reports on advance retail sales data for June
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