Dalradian Resources Announces Cost Saving Through Corporate Reorganization
Dalradian Resources Inc. (TSX: DNA)says it has downsized and restructured the company’s management team and relocated corporate offices, moves expected to result in annual savings of nearly 20% in general and administrative costs.
Read moreMetals Focus: Silver Retail Investor Demand Strong In August; Silver Still Lags Gold
Retail investment has improved for silver but the metal continues to underperform gold, says the consultancy Metals Focus.
Read moreU.S. Weekly Jobless Claims Rise to 282K
(Kitco News) – First-time weekly jobless claims in the U.S. rose by 12,000 to a seasonally adjusted 282,000 during the week to Saturday, the Labor Department said Thursday.
Gold Weaker as Better Risk Appetite Limits Demand for the Safe-Haven Metal
Keywords: gold, silver, technical analysis, Wyckoff
Read moreGold Could Benefit After Weak Labor Data Friday – Analysts
(Kitco News) – Weaker nonfarm payrolls rolls data are needed Friday to push gold prices higher in the near-term, according to some commodity analysts, adding that the magic number to support gold prices would be between 180,000 to 150,000 jobs.
Read moreLess risk aversion in market place Thursday.
The Euro zone did receive some upbeat economic data Thursday. The August services purchasing managers’ index (PMI) came in at 54.4 versus 54.0 in July. A reading of 54.3 was expected. A number above 50.0 suggests expansion in the sector.
Read moreECB Leaves Rates Unchanged
(Kitco News) – The European Central Bank (ECB), as expected, left interest rates unchanged Thursday.
Read moreThe 6PM Recap With Gary Wagner: Crude Stabilizing In Spite Of Rampant Bear Data
While there is still plenty of room for crude oil to fall, and many reasons for it to do so, for the moment, it seems to have found its middle-ground pricing level.
Read moreGold Weaker on Reduced Risk Aversion; Bearish Outside Markets
Gold prices ended the U.S. day session are moderately lower Wednesday.
Read moreTime For Contrarian View With Commodities, China Concerns Overdone – Capital Economics
It might just be time to take a contrarian approach with commodities, says one UK-based research firm, especially because concerns over China’s economy may be ‘overdone.’