Longer Term Gold Buyers ‘Sniffing Around’ – Triland Metals
Gold is showing signs of having put in a bottom although much will be determined by the Wednesday release of minutes from the July meeting of the Federal Open Market Committee, says Commerzbank.
Read moreBig Data Day Wednesdsay
Kitco News – The Chinese stock market again sold off sharply in early trading Wednesday, but then rebounded to finish above unchanged by the end of the day. But reports said the rebound in the Shanghai stock index Wednesday was mostly due to the Chinese government being the biggest buyer.
Time To Take Out A ‘Shopping List’ For Commodities – OptionSellers.com Founder
As markets await the release of the minutes for the July Federal Open Market Committee (FOMC) meeting for clues as to when the central bank will raise rates, one options expert says he doesn’t see the Fed pulling the trigger just yet, and it may be time for investors to start looking at commodities again.
Gold Slightly Lower On Chart Consolidation, Upbeat U.S. Data
Gold prices ended the U.S. day session slightly lower Tuesday, on some light profit-taking pressure from recent gains and on some technical chart consolidation.
Read moreCan Canada’s Yukon Gold Deposits Surpass Nevadaâ??s Gold Fields?
(Kitco News) – Geologists no longer dispute that the Yukon Territory in Canada’s northwest holds gold deposits that are similar in geology to the gold fields in Nevada, but for many the only question is how far these newly discovered deposits actually spread.
Can Canada’s Yukon Gold Deposits Surpass Nevada’s Gold Fields?
(Kitco News) – Geologists no longer dispute that the Yukon Territory in Canada’s northwest holds gold deposits that are similar in geology to the gold fields in Nevada, but for many the only question is how far these newly discovered deposits actually spread.
MARKET ANALYSIS: China & Domestic Rate Worries May Plague Markets
The major US index futures are pointing to a lower opening on Tuesday, with sentiment hurt by the continued sell-off in the commodity space and some lackluster retail earnings.
Read moreRed Eagle Begins Construction At San Ramon Gold Mine In Colombia
Stillwater Mining Co. late Monday announced a reorganization plan that includes a reduction in its workforce by 119 employees, primarily at the Stillwater Mine and Columbus processing facilities.
Read moreFed Minutes Will Be Market Neutral As Central Bank Sees Rates Higher By Year End – BNP Paribas
Key focuses for the gold market this week include the Wednesday release of minutes of the last Federal Open Market Committee meeting and several U.S.
Read moreCiti Looks For Gold Prices To Average $1,090, $1,050 In Third, Fourth Quarters
Citi Research sees gold averaging $1,090 an ounce in the third quarter and $1,050 in the fourth, calling for weakness due to macroeconomic conditions.
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