GLD Gold Reserves Drop To Pre-2008 Financial Crisis Levels
Consistent investor outflows so far this month have not only pushed reserve holding in the world’s biggest exchange-traded fund (ETF) into negative territory for the year, but levels are now at their lowest point since before the 2008 financial crisis.
Union At Stillwater Mine, Columbus Processing Facility Fail To Reach Labor Agreement
Stillwater Mining Co. (NYSE:SWC) and their union employees, represented by USW International Union Local 11-0001, did not reach an agreement to ratify a tentative labor agreement on May 27, 2015.
Read moreGold’s Daily Technicals Look Bullish – IG Markets
Although gold prices are struggling to hold on to recent gains in the wake of a stronger U.S. dollar, Chris Beauchamp, market analyst at IG Markets, remains optimistic that prices can push back above $1,200 an ounce, adding “there is still reason to expect fresh upside.”
U.S. Weekly Jobless Claims Rise To 267K
(Kitco News) – First-time weekly jobless claims in the U.S. rose by 2,000 claims to a seasonally adjusted 276,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Lower Amid Bearish Outside Markets
The gold market is succumbing to the forces of bearish outside markets Thursday morning as prices trade moderately lower.
Read moreU.S. Advance Retail Sales Rise 1.2% In May
Kitco News reports on U.S. advance retail sales for May.
Read moreGold Pressured By Bearish Outside Markets
(Kitco News) – Gold And silver prices are under selling pressure this morning, As the key “outside market” are in a bearish posture–a higher U.S. Dollar index and lower crude oil prices.
The 6PM Recap With Gary Wagner: One Eye On The Greeks, The Other Eye On Data And The Fed
A Greek deal is looking more and more unlikely. The Greeks simply do not want to accept austerity as defined by core players in the monetary union, France and Germany. Even the very next meeting is in doubt because of Greek recalcitrance.
Read moreFed’s First Rate Hike In 9 Years Doesn’t Have To Be Negative For Gold – Macquarie
(Kitco News) – In less than a week the market will be digesting the results of the latest Federal Open Market Committee (FOMC) meeting.
Gold Higher on Safe-Haven Buying, Bullish ‘Outside Markets’
(Kitco News) – Gold prices ended the U.S. day session higher Wednesday, on some safe-haven demand. More short covering and bargain hunting were also seen.
Read more