Gold Modestly Up on Tepid Short Covering, Bargain Hunting
Gold prices ended the U.S. session modestly higher in a quieter trading day Thursday. Mild short-covering and a technical rebound in the futures market,
Read moreB2Gold Corp. Reports Record Quarterly Gold Production
B2Gold Corp. (TSX: BTO; NYSE: BTG; NSX: B2G) reports record quarterly gold production of 121,566 ounces for the April-June period, 42% greater than in the same quarter of 2014.
Read moreU.S. Weekly Jobless Claims Fall By 26,000 To 255,000
Kitco News reports on U.S. weekly jobless claims for week ending July 18
Read moreGold Firmer on Corrective Technical Bounce
Gold prices are moderately higher in early U.S. trading Thursday, on a short-covering, technical rebound in the futures market and on some bargain hunting in the spot market.
Read moreHow Much Lower Can Gold Go? – Capital Economics
Further U.S. dollar appreciation on the back of the Federal Reserve starting to tighten monetary policy could keep gold prices under pressure in the coming few months
Read moreGold Seeing Corrective Bounce
Kitco News – Gold is Seeing a corrective technical bounce Thursday morning, following recent strong selling pressure that drove prices to a five-year Low earlier this week. However, the bulls still have some very Heavy lifting to do in the near term to begin to suggest a market bottom is in place.
The 6PM Recap With Gary Wagner: Commodities Sell Off A Larger Indicator Of Economic Dynamism
The sell off in commodities is affecting all the complexes. If it continues, we will see its effect in the form of lower inflation, which in turn may cast a shadow on a potential interest rate hike by the Federal Reserve.
Read moreNewmont: Adjusted Earnings Rise As Costs Decline
(Kitco News) – Newmont Mining Corp. (NYSE: NEM), one of the world’s largest gold producers, Wednesday reported that adjusted earnings in the second quarter rose from a year ago as lower operating costs and the impact of foreign-exchange rates more than the offset lower prices received for metals.
Don’t Chase Premiums in Gold Buying Frenzy – Trading Director
New York – (Kitco News) – After Sunday night’s gold carnage, physical buyers are emerging in Asia and North America providing a bit of cushion for the metal but causing the doubling of premiums paid on physical gold.
Read moreGold: Storm On The Horizon? – CME Group
Despite gold’s selloff earlier in the week, CME Group’s senior economist says the metal has proved to be relatively stable when compared to other commodities over the longer term.