Empire State Manufacturing Index Falls To 6.9 In March
(Kitco News) -The manufacturing sector in the New York region is slowing further as it feels the effects of harsh winter conditions, according to the latest data from the New York Federal Reserve.
Read moreGold Up On Corrective Bounce, Weaker U.S. Dollar Index
Gold prices are modestly higher in early U.S. trading Monday, supported by some bargain hunting in the cash market and short covering in the futures, after prices last week fell to a 3.5-month low.
Read moreThe 6PM Recap With Gary Wagner: When A Gain Feels Like A Loss
Sometimes in sports, one team barely beats out another. It’s a victory, sure. But maybe the winning side loses a star player, or certain plays on the field just don’t go right, making for an awkward win. It’s called “winning ugly.”
FOMC And USD To Dominate Gold Market Next Week – Analysts
(Kitco News) – Next week all eyes will be on the Federal Reserve and analysts are expecting gold to suffer on the back of a stronger U.S. dollar as the central bank prepares for an eventual rate hike.
Allied Nevada Files For Bankruptcy
(Kitco News) – Allied Nevada Gold Corp.’s (TSX: ANV) (NYSE: ANV) bankruptcy filing stole center stage in the mining world this week. Allied Nevada filed for chapter 11 protection on March 10 creating a restructuring supported by the majority of its cr…
Read moreIndian Gold Imports Improving – Macquarie
Indian gold imports appear to be picking up, a trend analysts from Macquarie are expecting to remain strong in 2015. They say that according to government customs’ valuation data, about 50 tonnes of gold was imported in February, slightly higher compared to 38 tonnes imported in January, and almost 50% higher compared to imports in 2014.
Gold And Silver Showing Modest Gains Despite Low Inflation
(Kitco News) – Gold and silver are holding on to modest gains at the start of Friday’s North American trading session despite the fact that inflation pressures continue to diminish.
U.S. Producer Prices Fall 0.5% In February
(Kitco News) – Pipeline inflation pressures declined in February, as oil prices continued to remain weak, according to the latest data from the U.S. Department of Labor.
Read moreGold Bounces Plus To Minus And Back Again And Again
Retail sales in the U.S. fell in February
Read moreAmerican Eagle Coins Sales Picking Up in March
March is only half over but demand for American Eagle gold coins from the U.S. Mint has surpassed the previous month’s sales. According to sales figures, as of Tuesday, the U.S. Mint has sold 41,000 ounces of gold from the precious American Eagle denominations, up from 37,000 ounces sold in February. This month’s sales have almost caught up to last year’s figures as 42,000 ounces were sold in March. Year-to-date the U.S, Mint has sold 240,000 ounces gold in American Eagle bullion coins, down from 287,000 ounces sold during the first three months of 2014.