Strong Gold Mining Sector Is Vital For Global Economy – WGC
According to a recent report from the World Gold Council (WGC), it’s in the world’s best interest to have a strong and robust gold mining industry.
The 6PM Recap With Gary Wagner: Gold, The Dollar, The Euro And The Big Moussaka
The euro zoomed up against the U.S. dollar at warp speed today on news that the rest of Europe and Greece would come to some sort of understanding concerning the Greek debt situation. The dollar is on track to experience its single biggest one-day loss…
Read moreTexas Legislature Passes Bill To Create Gold Depository, Wants To Repatriate $1 Billion In Gold
(Kitco News) – It is not just European countries that what their gold
back. Texas is planning to create its own depositor and repatriate $1 billion
in gold bullion currently being stories in New York.
Gold is An ‘Asymmetrical’ Trade With Long-Term Potential – Fund Manager
(Kitco News) – Despite potentially lower prices in the short-term, one fund manager continues to see long-term potential in the gold market.
Read moreGold Firmer, Supported By Sell-Off in U.S. Dollar
Gold prices ended the U.S. day session firmer Tuesday on a short-covering and bargain-hunting bounce from recent selling pressure.
Read moreCME Metals Futures Sees Higher Y-O-Y Trading Activity In May
CME Group metals volume averaged 337,000 contracts in May, an increase of 4% from May 2014, according to trading states from the exchange released Tuesday.
Read moreGLD Gold Reserves Decline More Than 25 Tonnes In May
Investment flows into gold-backed exchange -traded funds
remain positive for the year but the gap has narrowed after strong outflows
were reported in May.
Greenback Backs Off Tuesday
The closely watched U.S. dollar index is solidly lower Tuesday morning on a corrective pullback from recent gains and due to a bounce in the Euro currency.
Read moreModest Bounce for Gold as Greenback Backs Off
Gold is firmer in early U.S. trading Tuesday, on a short-covering and bargain-hunting rebound from recent selling pressure.
Read moreThe 6PM Recap With Gary Wagner: The Phantom Of Interest-Rate Ideology Challenges Gold
We live in a world of Goldilocks data reports. Not too hot, not too cold, not quite “just right.” From our point of view, the economy is still lagging. (The key reason is lack of wage growth, which is breeding fear and resentment among American breadwinners.) This is a week during which we will be seeing many, many reports released that will give us a fairly firm idea of how the U.S. second quarter will shape up.