GLD Came At Start Of Gold Bull Run; Demand For Gold ETFs Topped Expectations
(Kitco News) – The launch of the world’s largest gold exchange-traded fund in 2004 couldn’t have had better timing – it was still near the early part of a bull run in gold that lasted for more than a decade.
Was The October Sell-Off In Gold A Bear Trap?
Modest strength in the U.S. dollar is pressuring Comex December gold futures in early action Monday. For now, the 20-day moving average is acting as strong initial resistance for the gold market at $1,191.10 per ounce and that zone is a key short-term…
Read moreEmpire State Manufacturing Index Rises To 10.2 In November
(Kitco News) -The Empire State manufacturing survey showed that business conditions in the New York region are recovering modestly in November after a dismal October, the New York Federal Reserve said Monday.
Read moreGold Steady-Firmer On Short Covering, But Firmer U.S. Dollar Limits Upside
(Kitco News) – Gold prices are steady to slightly higher in early U.S. dealings Monday, on some mild short covering and bargain hunting following good gains posted last Friday.
Gold, Silver Start The Week Adding To Friday’s Gains
(Kitco News) – Gold and silver prices have managed to add to Friday’s gains after opening the trading week in a relatively tight range.
CIBC Analysts Lower Gold, Silver Price Forecasts, Don’t Expect Higher Prices Anytime Soon
(Kitco News) – Gold prices could be in the process of finding a floor in the marketplace but analysts at CIBC are not expecting a recovery anytime soon as they have lowered their price forecast for both gold and silver.
Read moreBarrick Posts Lower 3Q Profit Due To Lower Gold Sales, Metals Prices
(Kitco News) – Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) reported net earnings for the third quarter of $125 million, or 11 cents per share, compared to net earnings of $172 million, or 17 cents per share, during last year’s third quarter.
Agnico Eagle Sees $15.1 Mln Net-Loss In Third Quarter
(Kitco News) – Agnico-Eagle Mining Ltd. (TSX: AEM)(NYSE: AEM) said late Wednesday higher exploration expenses and lower realized gold prices on sales resulted in a third-quarter net loss of $15.1 million, or 7 cents per share.
Read moreYamana 3Q Net Loss Tops $1 Billion On New Chilean Tax, Asset Impairments
(Kitco News) – Yamana Gold Inc. (TSX:YRI)(AUY) reported a net loss of $1.023 billion, or $1.17 per share, during the third quarter compared to net earnings of $43.4 million, or 6 cents, during last year’s comparative quarter.
FOMC Statement Construed As Tilting Hawkish For Monetary Policy; Gold Declines
A statement from the U.S. Federal Open Market Committee Wednesday was deemed modestly hawkish and thus bearish for gold as policy-makers formally ended their quantitative-easing program and also suggested labor-market conditions are improving.
Read more