The 6PM Recap With Gary Wagner: New Meaning To The Phrase Range-Bound As Gold Struggles
There are a host of reasons that explain the difficulty gold has had in the last two months, a battle that has grown more intense since May 26th.
Read moreGold Down, Hits 4-Week Low; Gets No Support from Sell-Off in USDX
Gold prices ended the U.S. day session moderately lower and hit a four-week low Wednesday.
Read moreEuropean Price Pressures Still Too Weak To Benefit Gold As Inflation Hedge
(Kitco News) – The European Central Bank (ECB) has become more optimistic that price pressures will continue to rise; however, analysts doubt that increased consumer prices will benefit gold as an inflation hedge.
Read moreVote Now In The Kitco Weekly Gold Survey
(Kitco News) -Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Mining Legend Peter Crossgrove Passes Away
Peter Crossgrove, a well known pillar within the mining community, passed away Tuesday afternoon.
Read moreISM Non-Manufacturing Index Falls To 55.7% In April
(Kitco News) – The U.S. service sector lost more momentum than expected in May, according to the latest data from the Institute for Supply Management, Wednesday
Read moreSelling Pressure on Gold as U.S. Dollar Index Rebounds
Gold is modestly lower in early U.S. trading Wednesday, as the precious metal is once again falling prey to the daily machinations of the U.S. dollar index, which is higher on this day.
Read moreADP Shows 201K Private Sector Jobs Created In May
(Kitco News) – The U.S. labor market appears to be back on track as private companies created more than 200,000 jobs for the first time in two months, according to the latest employment data released by payrolls processor ADP Wednesday.
Read moreECB Meeting And U.S. Data To Drive Market Action Today
(Kitco News) – Gold and silver prices are modestly lower this morning, and once Again taking their cue from a higher U.S. dollar index.
ECB Leaves Rates Unchanged
The European Central Bank (ECB), as expected, left interest rates unchanged Wednesday.
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