ISM Non-Manufacturing Index Rises To 56.9 In February
(Kitco News) – The U.S. service sector gained some momentum in February, the Institute for Supply Management said Wednesday.
Read moreNo Fireworks For Gold Expected From ECB Meeting – Analysts
March is a big month for the European Central Bank (ECB) as it launches its expanded quantitative easing program.
Thursday, following its monetary policy meeting, the ECB is expected to release more technical information regarding its purchasing prog…
Read moreFed Won’t Tighten Significantly, Gold Headed Higher – Martin Murenbeeld
(Kitco News) – The U.S. Federal Reserve’s eventual rate hike has been a concern to gold investors this year, but according to one economist, it shouldn’t be a significant policy change and gold prices could move higher.
Gold Near Steady; Strong Greenback Limits Buying Interest
(Kitco News) – Gold prices are again trading near steady levels in early U.S. trading Wednesday. A stronger U.S. dollar index that is trading just below its recent 11.5-year high is a bearish “outside market” force working against the precious metals on this day. April Comex gold was last down $0.30 at $1,204.10 an ounce. May Comex silver was last down $0.001 at $16.29 an ounce.
ADP Shows 212K Private Sector Jobs Created In February
(Kitco News) – U.S. companies further slowed the pace of hiring in February, adding to weakness seen at the start of the year, according to a report released by payrolls processor ADP Wednesday.
Not Quite Volatile But Almost
Read moreExploration Cuts Killing Miners’ Future – Brent Cook
(Kitco News) – The race to cut costs, with exploration seeing the biggest chop, will jeopardize the future of mining companies, according to Brent Cook, geologist and editor of the Exploration Insights newsletter.
Higher Prices Needed To ‘Reinvigorate’ Commodity Sector – BMO Survey
The majority of investors and corporate executives agree that higher commodity prices are needed to “reinvigorate” investor interest in the commodity sector, according to a survey of attendees at the BMO Global Metals and Mining Conference
Gold Ends Weaker in Choppy Trading; Fresh News Awaited
Gold prices ended a lackluster and two-sided trading session modestly lower Tuesday. It’s a quieter market place so far this week. Traders and investors are starting to look ahead to Friday’s U.S. jobs report, which is arguably the most important economic report of the month. April Comex gold was last down $4.80 at $1,203.40 an ounce. May Comex silver was last down $0.196 at $16.255 an ounce.
U.S. Mint Sees Lower Gold, Silver Coin Sales In February
Falling gold prices in February did not entice investors to buy bullion coins. Data from the U.S. Mint shows gold and silver coins sales down compared to the previous month and last year.
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