U.S. Pending Home Sales Rise 3.4% In April, Hit 9-Year High
(Kitco News) – The number of consumers who started the process of buying a home increased in April, rising for the fourth consecutive month, according to the latest data from the National Association of Realtors (NAR).
Read moreU.S. Weekly Jobless Claims Rises To 282K
First-time weekly jobless claims in the U.S. rose by 7,000
claims to a seasonally adjusted 282,000 during the week to Saturday, the Labor
Department said Thursday.
Gold Near Steady, Fresh Inputs Awaited
Gold prices are again holding near unchanged levels in early North American trading.
Read moreGreek-EU/IMF Debt Talks In Focus
Gold and silver prices Are near steady in early North American dealings. Fresh fundamental Inputs are awaited. Reports overnight said hedge funds are showing more interest in adding gold and silver to their portfolios, and especially silver. A Bank o…
Read moreThinking Outside The Gold Box And Coming Up With Contradictory Ideas
One would have thought that after Tuesday’s big drop in gold there would have been at least decent interest in the Asian market, if only to create and then ride the bounce. That wasn’t the case. Interest was at best marginal.
Gold Trades Near Steady; Bearish Outside Markets Limit Buying Interest
Gold prices ended the U.S. day session not far from unchanged levels Wednesday. Prices did slip to a two-week low overnight.
Read moreRare Earth Elements – Three Dirty Words?
Deep in the inner regions of Mongolia in China lies Baotou, the area’s largest industrial city. It accounts for two thirds of China’s rare earth element (REE) output.
China To Create $16 Billion Gold Fund
In its continuing efforts to develop its gold market and global influence, China is launching a new fund, which is expected to raise 100 billion yuan ($16 billion).
Read moreEquities Throwing A Party, Metals Didn’t Get The Invite – Triland Metals
Precious metals have shed recent gains not only because of a strong U.S. dollar and better-than-expected economic data, but also because of another fall in oil prices that dampened inflation expectations, says Jonathan Butler, precious metals strategi…
Read moreGold Near Steady, Held Hostage by U.S. Dollar
Gold prices are trading near unchanged levels in early U.S. dealings Wednesday and did slip to a two-week low overnight.
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