ISM Non-Manufacturing Index Falls To 55.7% In April
(Kitco News) – The U.S. service sector lost more momentum than expected in May, according to the latest data from the Institute for Supply Management, Wednesday
Read moreSelling Pressure on Gold as U.S. Dollar Index Rebounds
Gold is modestly lower in early U.S. trading Wednesday, as the precious metal is once again falling prey to the daily machinations of the U.S. dollar index, which is higher on this day.
Read moreADP Shows 201K Private Sector Jobs Created In May
(Kitco News) – The U.S. labor market appears to be back on track as private companies created more than 200,000 jobs for the first time in two months, according to the latest employment data released by payrolls processor ADP Wednesday.
Read moreECB Meeting And U.S. Data To Drive Market Action Today
(Kitco News) – Gold and silver prices are modestly lower this morning, and once Again taking their cue from a higher U.S. dollar index.
ECB Leaves Rates Unchanged
The European Central Bank (ECB), as expected, left interest rates unchanged Wednesday.
Read moreStrong Gold Mining Sector Is Vital For Global Economy – WGC
According to a recent report from the World Gold Council (WGC), it’s in the world’s best interest to have a strong and robust gold mining industry.
The 6PM Recap With Gary Wagner: Gold, The Dollar, The Euro And The Big Moussaka
The euro zoomed up against the U.S. dollar at warp speed today on news that the rest of Europe and Greece would come to some sort of understanding concerning the Greek debt situation. The dollar is on track to experience its single biggest one-day loss…
Read moreTexas Legislature Passes Bill To Create Gold Depository, Wants To Repatriate $1 Billion In Gold
(Kitco News) – It is not just European countries that what their gold
back. Texas is planning to create its own depositor and repatriate $1 billion
in gold bullion currently being stories in New York.
Gold is An ‘Asymmetrical’ Trade With Long-Term Potential – Fund Manager
(Kitco News) – Despite potentially lower prices in the short-term, one fund manager continues to see long-term potential in the gold market.
Read moreGold Firmer, Supported By Sell-Off in U.S. Dollar
Gold prices ended the U.S. day session firmer Tuesday on a short-covering and bargain-hunting bounce from recent selling pressure.
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