Weekly U.S. Jobless Claims Rise to 297K
Kitco News reports on U.S. weekly jobless claims for week ending March 14.
Read moreRebound In China’s Stock Market Assuages World Marketplace
Kitco News – Gold Prices are slightly lower in early US trading, as the world market place is a bit calmer Thursday. China’s stock market rallied sharply overnight, in part due to the Chinese government forcibly propping up the market and squelching equities sellers. This has somewhat assuaged market worry regarding the world’s second-largest economy.
The 6PM Recap With Gary Wagner: Drop In China’s Shanghai Index Now Equal To That Of Crash of 1929
Amidst the hubbub of the New York Stock Exchange technical outage, it’s easy to neglect the fundamental problems afflicting the world’s economy.
Gold Still Among Best Performers – ETF Securities
After hitting a 3 ½ month low overnight, Gold ended the U.S. day session moderately higher Wednesday, on short covering in the futures market and bargain hunting. Kitco’s Spot Gold Price was last quoted at $1161.80 an ounce up $6.90.
Gold Lacks Safe-Haven Bid But Faring Better Than Other Commodities – UBS
Gold may not be drawing a big safe-haven bid from the Greek debt crisis and meltdown in Chinese stocks, but the metal is outperforming other commodities, notes one bank.
Read moreGold Bounces on Short Covering, Bargain Hunting, Some Safe-Haven Buying
Gold ended the U.S. day session moderately higher Wednesday, on short covering in the futures market and bargain hunting in the cash, following recent selling pressure that saw prices hit a 3.5-month low overnight.
Read moreGerman Investors Buying Bullion As Safe-Haven Asset
German investors have been jumping into gold, protecting themselves against a freefalling euro and geopolitical uncertainty, according to European precious metals dealer Degussa.
Read moreAllied Nevada Gold Suspends Mining Operations
Thompson Creek Metals Company Inc. (NYSE: TC; TSX: TCM) reports higher gold and copper output in the second quarter.
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 & Silver Not Quite The Falling Knives Of 2013 – Triland Metals
Goldman Sachs says it continues to expect more U.S. dollar strength and a gradual increase in U.S. real rates — as growth recovery resumes after a disappointing first quarter and as the first Federal Reserve rate hike approaches — to push gold price…
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