Silver Down 6%, Gold Down 2% In Broad Commodity Rout
(Kitco News) – A rout in base metals and oil is causing a broad-based selloff in precious metals Tuesday, according to analysts
Read moreOceanagold Announces ‘Encouraging’ Drill Results In New Zealand
Claude Resources Inc. (TSX: CRJ) reports second-quarter gold production of 20,619 ounces, a 10% increase from the second quarter of 201
Read moreGold Down on Bearish Charts, Outside Markets
Gold prices are moderately lower in early U.S. trading Tuesday.
Read moreGreece Still The Market Driver But China’s Waiting In The Wings
Kitco News – Gold And silver prices are lower in early US trading, as the Key outside markets are in a bearish posture early this week –a higher U.S. dollar index and a big sell off in the crude oil market Monday. Negotiations between Greece and the EU/IMF are continuing Tuesday at an EU summit, despite the Sunday Greece “no” vote on new austerity measures.
The 6 PM Recap With Gary Wagner: Gold Up Only Slightly, Oil Craters, Euro To U.S. Dollar Spread Grows on Greece Uncertainty
Today has been a trying and troubling day in world markets as everyone awaits the next move in the European-Greek drama. We’re hard-pressed to see how it can turn out well for anyone with any exposure to Greece’s debt.
Gold Sees Late Rally on Safe-Haven Demand, Short Covering
Gold prices rebounded in later trading Monday to score moderate gains on some safe-haven demand, and on short covering and bargain hunting following recent selling pressure.
Read moreGreek Uncertainty Could Stop Fed From Raising Rates, Positive For Gold – Analysts
According to analysts the gold market is caught in a tug of war between Greece’s latest financial crisis and expectations that the Federal Reserve will hike interest rates as soon as September.
Capital Economics Trims Year-End Gold Forecast, But Remains ‘Positive’
The firm said it now expects the silver price to reach $18.70 per ounce by end of 2015, down from a forecast of $21 previously, but still targets an end-of-2016 price of $21.
Read morePath Of Least Resistance Is Down For Gold
Despite a resounding “No” vote in Greece’s weekend referendum, which could leave the country closer than ever to an exit from the euro zone, gold is taking its cue from a strong U.S. dollar and trading little changed, but off overnight highs in early Monday action.
ISM Non-Manufacturing Index Rises To 56% In June
Kitco News reports on the ISM non-manufacturing data for June
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