The 6PM Recap With Gary Wagner: Greece And Now Puerto Rico Mean Haircuts Aplenty
When the euro began to tumble earlier today on the news out of Greece, the Swiss thought and thought as euro-investors streamed into the franc. Then the Swiss National Bank sold its own currency to make it less attractive as a haven.
Read moreToo Many Bears in The Woods for Gold? RBC’s George Gero
There may be too many bears in the woods for gold said George Gero, a gold market veteran and vice president and precious metals strategist for RBC Capital Markets.
Read moreModest Rally for Gold Amid Worsening Greek Debt Crisis
Gold prices saw tepid safe-haven demand and some short covering Monday as the Greece debt crisis worsened over the weekend.
Read moreCFTC Data Shows Fleeting Love For Gold, Silver – Analysts
The latest trade data from the Commodity Futures Trading Commission (CFTC) showed a short-term shift in market sentiment, which drove some short sellers out of the marketplace, said analysts.
Read moreIs The Fed To Blame For Emerging Market Woes Come Rate Hike Time? – Roubini
Concerns that Fed rate hikes will negatively impact emerging markets may be exaggerated says one famed economist, and these economies may be more resilient than they appear.
Read moreU.S. Pending Home Sales Rise 0.9% In May
Kitco News reports on pending U.S. home sales for May
Read moreIamgold Trims 2015 Gold-Output Forecast After May Earthquake
Iamgold Corp. (NYSE: IAG; TSX IMG) cut its 2015 production forecast Monday due to a May 26 earthquake near its Westwood mine in Quebec, although the Canadian miner also said it remains confident in the mine’s long-term viability.
Read moreCiti Sees Gold In $1,150-$1,190 Range In H2
The gold market is seeing only slightly higher prices Monday morning, despite the Greek financial crisis escalating over the weekend.
Read moreEldorado Receives Permit Approval For Eastern Dragon Project
Read moreGold Firmer, After Banks Close In Greece
Global markets are rattled following weekend news that the Greek government has called a bank holiday until July 6 in the continuing saga of its debt crisis with its creditors.
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