Argonaut Gold’s Projected 2015 Cash Costs Exceed Expectations: CIBC
After Argonaut Gold Inc. (TSX:AR) released strong 2014 production results, Canadian bank CIBC likes what they see with the company’s cash cost guidance for 2015.
Surprise In Friday’s Jobs Report Needed To Move Gold – Analysts
There is little doubt among economists that the U.S. economy will remain strong and that the Federal Reserve will eventually raise interest rates, which is why some analysts are not expecting Friday’s December nonfarm payrolls report to have much impact on the market.
Gold Moves to Daily High on Short Covering, Bargain Hunting, Fed-Speak
Gold prices have pushed to moderately higher levels in late-morning trading Thursday. Short covering from the shorter-term futures traders and bargain-hunting buying interest in the cash market are featured activities.
Reports said Federal Reserve Bank…
U.S. Weekly Jobless Claims Fall To 294K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 4,000 to a seasonally adjusted 294,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Weaker as Stock Markets Rebound and as U.S. Dollar Remains Strong
Gold prices are modestly lower in early U.S. trading Thursday
Read moreTug Of War
Imagine a game of tug of war but with four opposing forces, four ropes and an indecisive referee. That sums up what we experienced today.
Read moreIndian Gov’t Not Planning To Impose New Gold Import Restrictions
(Kitco News) – Gold will continue to flow into India unobstructed as a government minister said on Wednesday there are no plans to impose any new curbs to imports.
Read moreGold Weaker on Corrective Pullback, Strong U.S. Dollar
Gold prices ended the U.S. day session moderately lower Wednesday, on a profit-taking and technical pullback following gains that took prices to a three-week high on Tuesday. A sharply higher U.S. dollar index was also a negative outside market force …
Read moreDubai Claims New World Record With $6 Million 5.5km Gold Chain
(Kitco News) – As promised, Dubai has done it again! The Dubai Gold and Jewellery Group along with the Dubai Festivals and Retail Establishment have set a Guinness World Record for the longest hand-made gold chain.
Read moreBAML: Oil Prices Headed Lower In Q1
Oil prices appear to be finding some support Wednesday morning after dropping more than 9% since the start of the year; however, analysts at Bank of America Merrill Lynch expect prices to decline in the first quarter of 2015. “Investor index buying could provide some support in the next weeks, but physical oil supply is still outpacing demand. The term structure of oil continues to weaken and inventories keep piling up,” the analysts say. The bank adds that there are three scenarios that could shift the current down trend: decreased supply from non-OPEC nations, decreased output from OPEC or stronger global demand; however “at the moment, none of these seem to be materializing.” As of 10:35 a.m. EST, West Texas Intermediate crude oil was trading at $48.32 per barrel, up 39 cents or 0.81% on the day.