Gold Steady; Summer Doldrums Setting In
Gold prices are moderately lower and trading not far above the recent 5.5-year low in early U.S. trading Friday.
Read moreSummer Doldrums Setting In
Kitco News – Gold Prices are lower again to start the U.S. trading day, on This last day of the month.
Yamana Gold Reports Loss But Higher Output In Second Quarter
(Kitco News) – Yamana Gold Inc. (TSX: YRI; NYSE: AUY), Thursday, reported a loss for the second quarter as production rose but the prices it received for metals declined.
Read moreBarrick Agrees To Sell 50% Of Zaldívar Copper Mine To Antofagasta
(Kitco News) – Barrick Gold Corp. (NYSE, TSX: ABX) has reached an agreement to sell a 50% interest in the Zaldívar copper mine in Chile to Antofagasta Plc. for a little more than $1 billion in cash, the two companies reported on their websites late Thursday.
Technology Metals Go Nanotech With Cerion
(Kitco News) – Although nanotechnology is still in its infancy, according to on one technologyresearch and development company, the trend towards smaller devices like Apple’s iWatch and the need for microprocessors, means that this sector will continue to be an important demand source for technology metals like gold and silver.
Don’t Expect To See Sustainable Rally In Gold – CPM Research Director
As gold prices trade just above five-year lows, one long-time commodities researcher says that although the metal may see short covering rallies, any uptick is unsustainable.
Read moreGoldcorp CEO: ‘Long-Term Trends In Support Of Gold Remain Intact’
Chuck Jeannes, president and chief executive officer of Goldcorp Inc. (TSX: G, NYSE: GG), said Thursday that he expects gold prices to find support again over the long term.
Read moreGold Weaker as Bearish Charts, Stronger U.S. Dollar Index Keeping Buyers Leery
(Kitco News) – Gold prices ended the U.S. day session modestly lower and trading not far above the recent 5.5-year low Thursday.
Goldcorp Posts Second-Quarter Profit On Record Production
(Kitco News) – Goldcorp Inc. (TSX: G, NYSE: GG) Thursday reported a profit in the second quarter as the company achieved record gold production. Officials also lowered their 2015 guidance for all-in sustaining costs.
Read moreU.S. Weekly Jobless Claims Rise to 267k
(Kitco News) – First-time weekly jobless claims in the U.S. rose by 12,000 to a seasonally adjusted 267,000 during the week to Saturday, the Labor Department said Thursday.