Friday’s Jobs Will Be Huge For Gold: Market Strategist
Should Friday’s non-farm payroll miss expectations, it could be the break gold is waiting for, said one senior market strategist. “It is going to be huge,” said Bill Baruch, senior strategist at Chicago-based iiTrader, in regards to the potential impact on gold.
Are Weaker Oil Prices and Deflationary Fears Good For Gold?
Dropping oil prices continues to highlight the broad-based weakness in commodity markets, raising deflationary fears amidst another U.S. and global economic slowdown U.S.
Read moreJuly’s Employment Report Could Be Huge For Gold: Market Strategist
Should Friday’s non-farm payroll miss expectations, it could be the break gold is waiting for, according to one market professional.
Gold Weaker, Pressured by Rebound in U.S. Dollar
(Kitco News) -Gold saw slight gains fade by afternoon trading and prices finished the U.S. day session modestly lower Tuesday
Guyana Reports First Gold Production At Aurora Gold Mine
Guyana Goldfields Inc. (TSX: GUY) reports that first gold production has been achieved on time and on budget at its Aurora Gold Mine in Guyana.
Read moreExpect Oil To Fall Further – RBC
It could be only a matter of time before oil prices break below the lows established earlier this year and test long-term lows established in 2009, says RBC Wealth Management technical analyst Bob Dickey.
Read moreNewmont Completes Acquisition Of Cripple Creek & Victor Mine
Newmont Mining Corp. (NYSE: NEM), one of the worldâ??s largest gold producers, said the company has completed the previously announced acquisition of the Cripple Creek & Victor (CC&V) gold mine in Colorado.
Fresnillo First-Half Profit Declines; Capital Spending To Be Trimmed
(Kitco News) – Fresnillo Plc. (LSE: FRES) Tuesday reported a decline in its profit for the first half of 2015 as metals prices fell, adding it is cutting capital spending this year.
Read moreDeflation Creeping Back Into Marketplace Discussions
Kitco News) – Gold prices are slightly higher in early U.S. trading, on some mild short covering and bargain hunting as the key outside markets are in a bullish posture for the metals on this day–a weaker U.S. dollar index and firmer crude oil prices.
Gold Near Steady; Bullish Outside Markets Limit Selling Pressure
Gold prices are near unchanged in early U.S. trading Tuesday. Some mild short covering in the futures market and bargain hunting in the spot market are featured. Bullish outside markets on this day—a weaker U.S. dollar index and firmer crude oil prices—are temporarily keeping the sellers on the sidelines. December Comex gold was last up $0.90 at $1,090.30 an ounce. September Comex silver was last steady at $14.515 an ounce.