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U.S. Weekly Jobless Claims Rise To 320K

(Kitco News) – First-time weekly jobless claims in the U.S. rose by 7,000 to a seasonally adjusted 320,000 during the week to Saturday, the Labor Department said Thursday.

ECB To Start Buying Gov’t Bonds March 9

(Kitco News) – The European Central Bank will start buying sovereign bonds on March 9, according to ECB President Mario Draghi during a press conference following the central bank’s monetary policy meeting.

Gold Slightly Up On Short Covering, Bargain Hunting

(Kitco News) – Gold prices are slightly higher in early U.S. trading Thursday, supported on some mild short covering in the futures market and on some bargain hunting in the cash market. A rallying U.S. dollar index that hit an 11.5-year high overnight remains a bearish “outside market” that is weighing down gold and silver. April Comex gold was last up $1.40 at $1,202.30 an ounce. May Comex silver was last up $0.052 at $16.21 an ounce.

ECB Leaves Rates Unchanged

(Kitco News) – The European Central Bank, as expected, left interest rates unchanged Thursday.

Gold Ends Weaker as U.S. Dollar Index Hits 11.5-Year High

Gold prices ended the U.S. day session modestly lower Wednesday. A stronger U.S. dollar index that posted an 11.5-year high was a significantly bearish “outside market” force working against the precious metals and many other raw commodity markets on this day. April Comex gold was last down $3.90 at $1,200.50 an ounce. May Comex silver was last down $0.126 at $16.17 an ounce.

Australian Gold Production Sees Highest Total in 11 Years – Surbiton Associates

(Kitco News) – It’s been more than ten years since Australia has seen gold production totals like the ones the country saw in 2014, according to a mining consulting firm.

Regulators Investigating Precious Metals Manipulation ‘Encouraging’ – Australian Researcher

It is encouraging to see regulators around the world taking a more active interest in the potential manipulation of precious metals markets, said one Australian researcher.

Gold Slips Below $1,200, at Daily Low, as U.S. Dollar Index Hits 11.5-Year High

Gold is seeing moderate selling pressure and has dropped below the psychologically important $1,200.00 level in late-morning dealings Wednesday. The precious metal moved to its session low as the U.S. dollar index touched an 11.5-year high. The strong…

ISM Non-Manufacturing Index Rises To 56.9 In February

(Kitco News) – The U.S. service sector gained some momentum in February, the Institute for Supply Management said Wednesday.

No Fireworks For Gold Expected From ECB Meeting – Analysts

March is a big month for the European Central Bank (ECB) as it launches its expanded quantitative easing program.

Thursday, following its monetary policy meeting, the ECB is expected to release more technical information regarding its purchasing prog…