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LBMA: Trading Activity in Gold And Silver Drop Sharply In April

Trading activity fell sharply last month despite higher prices, according to the latest data from the London Bullion Market Association (LBMA).

Gold Ends Weaker, Gets No Help from Bullish Outside Markets

Gold prices ended the U.S. day session moderately lower Thursday.

Gold To Bottom In 3Q, Fed Rate Hike To Be Pivot – Macquarie

The minutes of the Federal Open Market Committee meeting indicated that it is “unlikely” interest rates will rise in June but that still leaves a September hike on the table and that will weigh on gold, according to one firm.

Time For AngloGold And Gold Fields To Merge – CIBC

According to analysts at CIBC, it’s time for AngloGold Ashanti Ltd. (NYSE:AU) and Gold Fields Ltd. (NYSE:GFI) to merge as the bank believes the two companies combined would perform better than operating as single entities given the industry issues in South Africa and demands from government.

Commodity Investors Came And Went… – Barclays

Philly Fed Manufacturing Index Falls To 6.7 In May

The headline index for the survey of manufacturing from the Philadelphia area weakened in May, according to the Philadelphia Federal Reserve.

U.S. Existing Home Sales Fall 3.3% In April

(Kitco News) – U.S. existing home sales tumbled 3.3% in April giving back some of the strong gains reported in March, according to the latest report from the National Association of Realtors (NAR).

Endeavour Mining’s Kofi Deposit Bringing Down Costs

Endeavour Mining Corp.’s (TSX:EDV)(ASX:EVR) Tabakoto mine, located in southwestern Mali, saw a sharp drop in all-in sustaining costs (AISC) per ounce during the first quarter of 2015 as the company began seeing the mining benefits of its Kofi properties.

U.S. Flash PMI Falls To 53.8 In May, Hits 16 Month Low

(Kitco News) – The U.S. manufacturing sector continues to hold just above contraction levels, according to the latest flash Purchasing Managers Index data. 

U.S. Weekly Jobless Claims Rises To 274K

(Kitco News) – First-time weekly jobless claims in the U.S. rose by 10,000 claims to a seasonally adjusted 274,000 during the week to Saturday, the Labor Department said Thursday.