Investors Prefer Real Estate And Art Over Gold – BlackRock CEO
Gold has even more competition when it comes to being the ultimate store of value, according to the chief executive officer at BlackRock.
Read moreGold Up On Short Covering, Bargain Hunting, Safe-Haven Buying
(Kitco News) – Gold prices ended the U.S. day session moderately higher Tuesday, boosted on some short covering in the futures market and bargain hunting in the cash. There was also some safe-haven demand seen for gold amid mounting concerns over the Greece-EU debt impasse. June Comex gold was last up $8.30 at $1,202.00 an ounce. May Comex silver was last up $0.116 at $16.005 an ounce.
Russian Central Bank Buying Gold Again, Positive For Gold Market – Analysts
After a two-month hiatus the Central Bank of the Russian Federation jump back into the gold market, demonstrating that official demand remains strong, say analysts.
Read moreU.S. Growth Concerns and Geopolitical Risk Should Push Gold To $1,300 – TDS
U.S. economic data has been fairly light this week but picks up Wednesday with the release of housing and then preliminary manufacturing data on Thursday.
Read moreLower Grades, Planned Shutdown Dings Turquoise Hill Q1 Production
Turquoise Hill Resources Ltd.’s (TSX:TRQ)(NYSE:TRQ) first quarter 2015 concentrate production dropped 30% quarter-on-quarter as lower head grades and a planned shutdown to reline both SAG mills impacted production at its Oyu Tolgoi mine in Mongolia.
Gold Has Peaked For 2015 – IG Index
(Kitco News) – The start of the year could have been the peak in gold prices for 2015 as the metal remains range-bound against a strong U.S. dollar and a Federal Reserve that is focused on raising rates sometime in 2015, according to one market strate…
Read moreGold Firmer on Short Covering, Some Safe-Haven Demand
Gold prices are moderately higher in early U.S. trading Tuesday, lifted on some short covering in the futures market and perceived bargain hunting in the cash market.
Read moreHow Do You Read A Quarterly Mining Report?
(Kitco News) – The mining industry is gearing up to start releasing their first quarter 2015 earnings later this week and once the first few roll out, it becomes a snow ball effect.
Read moreThe 6PM Recap With Gary Wagner: Chinese Stimulus Dims Gold And Lifts Equities
China lowered the reserve requirements for its banks last week, a move tailored to boost risk taking via lending. The move has had the rather perverse effect of sending U.S. and European exchanges higher while Asian equities markets slid lower.
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