Indian Gold Imports To Rise On Pent-Up Demand Despite No Cut In Duties – Analysts
(Kitco News) – Pent-up demand in India could continue to support gold in the short-term, which is why markets are ignoring the fact the Indian government did not lower import fees on the yellow metal, said some analysts.
Read moreISM Manufacturing Index Falls To 52.9 In February
(Kitco News) – The U.S. manufacturing sector continued to lose momentum last month, adding to January’s weakness, according to the latest data from the Institute for Supply Management.
Gold Firms After China Rate Cut, Builds Value Above Support
(Kitco News) – April Comex gold futures firmed in early New York trading action Monday following news of a surprise rate cut by China, the second in less than four months. The rate cut by the world’s second largest economy highlights many concerns about growth within China.
Gold Firmer Following Surprise China Rate Cut
(Kitco News) – Gold prices are modestly higher in early U.S. trading Monday. Gold and silver got a lift from an unexpected interest rates cut from China.
TDS: Gold To Test $1,200 An Ounce As Market Gives Back Its Gains
Gold has given back all of its gains Monday and there are signs that prices could continue to trend lower, says Steve Scacalossi, director, head of sales of global metals at TD Securities.
SeeThe Latest PDAC 2015 Coverage
Read moreNo Rush On Houndé Construction; Eyeing Lower Debt In 2015 – Endeavour Mining
(Kitco News) – Endeavour Mining Corp. (TSX:EDV) will not be rushing to begin construction at its Houndé Project, located in Burkina Faso, as the company eyes lowering its debt in 2015, according to a company executive
Gold Futures End Four-Week Losing Streak, Analysts See $1,200 Holding Next Week
An early morning rally following a drop in fourth-quarter GDP growth, and disappointing manufacturing data from the Chicago region, helped gold prices end the week in positive territory, capping a four-week losing streak, according to some analysts.
Read moreWorld’s Largest Mining Conference On Deck; What Are You Doing?
Oh hi, didn’t see you there.
Nonsense. I lied.