Gold Hammered by Hawkish FOMC Read, Strong U.S. Jobless Claims Report
Gold prices ended the U.S. day session sharply lower Thursday, in the wake of a bearishly construed FOMC statement and following an upbeat U.S. jobless claims report. Fresh chart-based selling was featured, including sell stop orders being triggered w…
Read moreGold Down 2%, Traders Looking For Reasons To Sell Following FOMC – Analysts
With no really direction from the Federal Open Market Committee (FOMC) following the release of its monetary policy statement Wednesday, investors and traders were looking for reasons to take their profits, pushing prices sharply lower Thursday, analy…
Read moreCIBC Sees Operational Improvements In Detour Gold’s Q1 Miss
Detour Gold Corp. (TSX:DGC) reported a net loss of $63.1 million, or 38 cents per share, during the first quarter, as well lower-than-expected production of 105,572 ounces of gold on Tuesday, but Canadian bank CIBC sees operational improvements from the company’s Detour Lake mine.
U.S. Weekly Jobless Claims Fall To 262K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 34,000 claims to a seasonally adjusted 262,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Prices Lower In Wake Of FOMC Statement, U.S. Jobless Claims
Gold prices are lower in early U.S. trading Thursday, in the wake of a bearishly construed FOMC statement.
Read moreGold’s Disconnect To Poor U.S. Economic Data Will Be Short-Lived – INTL FCStone
Analysts and economists are now starting to drop expectations of a June rate hike and are focused on a liftoff starting in September, but, despite this delay gold prices remain lackluster, hitting a low of $1,199.30 an ounce overnight.
Read moreFed Statement Yields Inevitable Effect On Gold
Fed Statement Yields Inevitable Effect On Gold
Read moreHK Trade Data Shows Chinese Gold Demand Falling As Investors Turn To Equities – Analysts
(Kitco News) – China’s appetite for gold is once again attracting the attention of commodity analysts, but not for positive reasons.
Gold Weaker on Corrective Pullback from This Week’s Good Gains; FOMC Deemed Slightly Hawkish
Gold prices were moderately lower late U.S. trading Wednesday. A technical correction from the solid gains posted Monday and Tuesday was featured today.
Read moreFederal Reserve Sees Slower Growth Transitory
(Kitco News) – The Federal Open Market Committee (FOMC) has become slightly more pessimistic on the U.S. economy as it now says economic growth has “as slowed” but added there were tansitory factors, compared to March’s statement where it said that growth had “moderated somewhat.”