More than 50% of Americans Think Tax System Needs An Overhaul – Pew Research
With Tax Day just two weeks away, Americans will have much to say about the tax system, and one research firm finds that more than half think the Federal Tax system is in need of a complete overhaul.
Read moreU.S. Weekly Jobless Claims Fall To 268K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 20,000 to a seasonally adjusted 286,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Sees Corrective Pullback Following Solid Gains Wednesday
Gold prices are modestly lower in early U.S. trading Thursday, on a downside technical correction from the sharp gains seen Wednesday.
Read moreThe 6 PM Recap
it seems that equities fell because of yet more mixed data coming from the American economy
Read moreGold Sees Solid Gains on Weak U.S. Data, Bullish Outside Markets
Gold prices ended the U.S. day session sharply higher Wednesday, boosted on heavy short covering in the futures market and bargain hunting on the spot (cash) market. Some downbeat U.S. economic data also propelled gold and silver prices to the upside. Bullish “outside market” forces further worked in favor of the precious metals bulls on this day, as the U.S. dollar index was lower and crude oil prices were sharply higher. June Comex gold was last up $21.70 at $1,204.90 an ounce. May Comex silver was last up $0.357 at $16.955 an ounce.
GLD Gold Reserves Show Net Positive Investment Flows In Q1
(Kitco News) – Investor demand for gold ended the first quarter of 2015 in positive territory, despite significant declines in March, according to the latest data from SPRD Gold Shares (NYSE: GLD), the world’s biggest gold-backed exchange-traded product (ETP).
Charts Signal Short-Term Squeeze For Gold – Barclays
In a research note Wednesday, Barclays analysts are calling for a short-term boost in gold, however the overall momentum remains bearish for the metal. “Gold base candle signals near-term upside squeeze towards 1223/1246 where we look for signs of a top,” says Lynnden Branigan, vice president of technical research at the bank. According to Branigan, support levels for gold stand between $1,159-1,178 an ounce. “Above the 1223 area would open better levels to sell towards 1246,” he says. “The 1310 area helps keep overall focus lower,” he adds.
Gold Prices Start Q2 With Push Above $1,200 Following Weaker U.S. Data
(Kitco News) – Two weaker-than-expected economic reports Wednesday has helped gold start the second quarter off on a strong footing, pushing prices briefly above $1,200 an ounce.
Read moreBelo Sun’s Volta Grande Feasibility Study Should Draw Investors Back – CIBC
Belo Sun Mining Corp.’s (TSX:BSX) feasibility study of its Brazil-based Volta Grande project should turn some favorable looks at the company, as it betters the Preliminary Economic Assessment (PEA) put out in early 2014, analysts at CIBC say.
Gold Extends Early Gains, Pushes Above $1,200
(Kitco News) – Gold prices are trading solidly higher and have pushed above the key $1,200.00 level in late-morning dealings Wednesday. Some weak U.S. economic data reported in the morning has weakened the U.S. dollar index and in turn has prompted more short covering and bargain hunting in gold and silver markets. A lower U.S. stock market Wednesday is also working in favor of the precious metals market bulls. June Comex gold was last up $19.40 at $1,202.50.