ECB Provides Some Relief To Greek Banks, ‘Grexit’ Ruled Out – Draghi
Greece will see some relief from its ongoing credit crisis as the European Central Bank (ECB) increased its emergency loans to Greece’s central bank by €900 million Thursday.
Yamana Subsidiary Brio Gold Reports Higher 2Q Output, New Discovery
Brio Gold Inc., a subsidiary of Yamana Gold Inc. (TSX: YRI; NYSE: AUY), reports a rise in preliminary second-quarter output and a prospective new discovery at the Fazenda Brasileiro operation in Brazil. Brio Gold’s operating mines produced 35,211 ounc…
Read morePhiladelphia Fed’s Manufacturing Index Falls To 5.7 In July
The Philadelphia Federal Reserve reported Thursday that the manufacturing gauge for the region fell to 5.7 in July from 15.2 in June.
Read moreHecla Mining Increases Guidance For 2015 Silver Production
Hecla Mining Co. (NYSE: HL), the largest primary silver producer in the U.S., Thursday increased its guidance for silver production in 2015.
Read moreHSBC: Gold May Increasingly Hinge On Emerging-Market Demand
The gold market may come to depend on emerging-market (EM) physical demand even more than usual as other investment demand lags,
Read moreMinority Of Investors Are Helping To Support Gold – Merk
Hawkish comments from Federal Reserve Chair Janet Yellen during her first day testifying before Congress, pushed gold lower Wednesday morning; however, one fund manager notes that despite gold breaking through initial support, there was no major se…
Read moreWeekly U.S. Jobless Claims Fall to 281K
Kitco News reports on weekly U.S. jobless claims for the week ending July 11
Read moreGold Hits 8-Month Low Amid Risk-On Trading Day, Higher USDX
Gold futures prices are lower and slumped to an eight-month low in early U.S. trading Thursday.
Read moreECB Leaves Rates Unchanged
(Kitco News) – The European Central Bank (ECB), as expected, left interest rates unchanged Thursday.
Read moreRisk-on Day In Marketplace Thursday
Kitco News – It’s a “risk-on” day in the market place Thursday and That has safe-haven gold under selling pressure and near Wednesday’s Multi-month lows.