Gold Apple Watches Available For Over $10,000
Do you have between US$10,000 and US$17,000 to drop on a watch?
Read moreGold Holding Near Session Highs as Midday Approaches
Gold prices are holding moderate gains and trading near their daily highs in late-morning dealings Friday. Short covering and bargain hunting are featured on the day. The U.S. dollar index has backed down from its session high, which is also prompting…
Read moreSome Big Projects Moved Mining Stocks
Another week of frothing at the mouth for Federal Open Market Committee minutes has passed and our own Pistol Pete said it best, the Fed minutes were useless.
Read moreGold Fields Reaches Three-Year Wage Agreement At South Deep Mine
Gold Fields Ltd. (NYSE:GFI)(JSE:GFI) reached a three-year wage agreement with union representatives at its South Deep gold mine, located in South Africa.
Read moreGold Sees Short-Covering, Bargain-Hunting Bounce
Gold prices are moderately higher in early U.S. trading Friday, supported by short covering in the futures market and on some bargain-hunting in the cash, or spot, market.
Read moreGold Struggles To Garner Investment Case, But Could Be Forming Base – Triland Metals
Triland Metals analysts say gold is struggling in the aftermath of Wednesday’s Federal Open Market Committee minutes release; however, the metal may be forming a base. “Without a paying dividend and within the context of a buoyant stock market, gold is struggling to garner an investment case,” they say. “But then neither is it rushing away to the downside in and around the $11 big figure and we believe the metal is building a base,” they add. Analysts also note that they expect other commodities to see a “real flush out to realign the chronic supply surplus we have had since 2008.”
McEwen Mining Maintains Production Guidance Following Armed Robbery
McEwen Mining Inc. (TSX:MUX)(NYSE:MUX) maintained its 2015 gold and silver production guidance at its El Gallo 1 mine, located in Sinaloa, Mexico, despite reporting an armed robbery Wednesday.
Read moreGold Feeling the Pressure of a Rebounding U.S. Dollar Index
(Kitco News) – Gold prices ended the U.S. day session moderately lower again Thursday. A strong rally in the U.S. dollar index has once again put the precious metals market bulls on the defensive. Gold and silver bulls have now lost their recently gained upside technical momentum. June Comex gold was last down $8.40 at $1,194.70 an ounce. May Comex silver was last down $0.269 at $16.185 an ounce.
Rebound in U.S. Dollar Index Squelches Gold Market Bulls
Gold prices are again modestly lower in early U.S. trading Thursday. A bounce in the U.S. dollar index has once again put the precious metals market bulls on the defensive.
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