Gold Slightly Higher as U.S. Dollar Index Slumps
Gold prices are posting mild gains in early U.S. trading Friday. A sharply lower U.S. dollar index on this day is prompting some bargain hunting and short covering in gold and silver markets.
Read moreA “Risk-On” Trading Atmosphere Friday Morning
Kitco News – Gold prices are modestly higher in early US action Friday. A sharply lower U.S. dollar index on this Day is working in favor of the precious metals Market bulls. However, It’s a “risk-on” day in the market place, so far, on this last trading day of the week, and that’s negative for safe-haven gold.
The 6PM Recap With Gary Wagner: Curious FOMC Minutes Pushed From The Headlines By Topical Events
Apparently the world didn’t end when the NYSE stopped trading for four hours yesterday. Today, China’s Shanghai index moved higher, recovering by almost 6%. Greece is Greece and we shall see what happens, but the crisis, such as it is, is declining in influence.
Manipulation Researcher Finds “Very Sharp Movements” in Silver Prices
(Kitco News) – After suggesting there was collusive behavior in the gold market in a draft research paper that made headlines, economist and professor, Rosa Abrantes-Metz is shifting her focus to silver.
Gold Weaker Amid Better Risk Appetite in Market Place Thursday
Gold prices ended the U.S. day session modestly lower Thursday, as the world market place was calmer.
Read moreFirst Majestic Silver Reports Steady Production At Mexican Mines
First Majestic Silver Corp. (TSX: FR; NYSE: AG) says total production at its five operating silver mines in Mexico reached 3,802,558 silver-equivalent ounces in the second quarter,
Read moreUBS Lowers 2015 Forecasts For Platinum Group Metals
(Kitco News) – UBS has trimmed its 2015 forecasts for the platinum group metals, although the bank described itself as constructive on them for the longer term.
Read moreCapital Economics: South African PGM Output Could Slow In 2H
Gold, which is in the fourth year of a bear market since peaking around $1,920 an ounce in 2011, has not had a strong correlation with bad economic news since, says optionsXpress.
Read moreThree Out Of Four Major Coeur Mines Post Higher Q2 Production
(Kitco News) – Coeur Mining, Inc. (NYSE: CDE), a top-10 silver producer and also significant gold miner, announced Thursday that output rose year-on-year at three of its four main mines during the second quarter.
Read moreGold Gets Mild Boost from Downbeat U.S. Jobless Claims
Gold is modestly lower in early U.S. trading Thursday as the world market place is calmer, which has prompted more trader/investor risk appetite.
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