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Gold Ends Steady-Firm; Focus On FOMC Statement Wed. P.M.

Gold prices ended the U.S. day session steady to modestly higher Tuesday. Some technical selling pressure hit the futures market as the session progressed. However, the cash (spot) market remained firm as a weakening U.S. dollar index on this day work…

BMO: PGMs Price Decline Is ‘Overdone,’ But Further Losses Possible

Platinum group metals fell sharply in the third quarter, pressured in part by the weakness, in gold, and BMO Capital Markets said Tuesday the decline was “overdone.”

Five Firms Offer Proposals For New LBMA Gold Fix

Five firms presented proposals to run the London Bullion Market Association’s London daily gold price mechanism, known as the gold fix, the LBMA said late Monday.

Investors Turning Their Gaze To Silver – Silver Institute Executive Director

(Kitco News) – While silver prices have trended lower over the last three months, investor interest in the white metal has been tracking upwards, said an executive with the Silver Institute.

Tuesday’s Forex Analytical Charts

Tuesday’s Analytical Charts for Gold, Silver and Platinum and Palladium

“It’s Cheaper To Buy Exploration Than To Do It Yourself” – Morgans

Australian-based wealth-management firm Morgans says with the fall in equity valuations in the mining sector, acquisitions are looking more attractive.

U.S. Consumer Confidence Rises To 94.5 In October, Rebounds From September Weakness

(Kitco News) – U.S. consumer confidences rose in October, reversing the weakness seen in September, according to data from the U.S. Conference Board.

Freeport 3Q Earnings Decline On Weaker Prices; Gold Output Tops Forecast

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) Tuesday reported third-quarter net income of $552 million, or 53 cents per share, down from $821 million, or 79 cents, in the same quarter a year ago.

Updated: Gold Sees Corrective Bounce Following Weaker U.S. Data

(Kitco News) – Gold prices are modestly higher in early U.S. trading Tuesday, receiving a boost following a weaker-than-expected U.S. economic report.