ISM Manufacturing Index Falls To 51.5% In March
(Kitco News) – The U.S. manufacturing sector barely remained in expansion territory in March as the sector has been steadily losing momentum since the start of the year, according to the latest data from the Institute for Supply Management (ISM).
Read moreThe Gold Bear Market Trough In Sight – Metals Focus
Despite being ‘cautiously pessimistic’ towards gold in the short term, one research firm said the end of the yellow metal’s bear market may be in sight.
Gold Up on Short Covering, Bargain Hunting, ADP Jobs Miss
Gold prices are higher in early U.S. trading Wednesday, supported on short covering in the futures market and bargain hunting on the spot (cash) market.
Read moreADP Shows 189K Private Sector Jobs Created In March
(Kitco News) – U.S. companies further slowed the pace of hiring in March, falling below 200,000 jobs, according to the latest employment data released by payrolls processor ADP Wednesday.
LBMA Reports Subdued Gold, Silver Trading Activity In February
(Kitco News) – Trading activity in the gold market dropped significantly in February, according to the latest trade data from the London Bullion Market Association (LBMA).
Read moreGold Ends Modestly Lower, Pressured by Rebounding U.S. Dollar Index
Gold prices ended the U.S. day session modestly lower Monday. Early gains gave way to selling pressure at mid-morning as the U.S. dollar index pushed higher and to its daily high.
Read moreInvestors Lukewarm To Gold, But Not Overly Bearish – UBS
(Kitco News) – Although investors are more focused on currency and equity markets, they are not as bearish on gold as one would expect, according to the latest research report from UBS.
Read moreCoeur’s Wharf Mine Acquisition Narrows Margin For Error – CIBC
Coeur Mining Inc.’s (NYSE:CDE) acquisition of Goldcorp Inc.’s Wharf gold mine, located in South Dakota, for $105 million cash will bridge a near-term cash flow gap for the company’s turnaround strategy, but also makes the margin for error much slimmer, say analysts at CIBC.