Latest News

Pace Of Economic Recovery Was Unchanged In September – Fed Beige Book

(Kitco News) – September saw a continued expansion of economic activity throughout the country with little change from the August report, released last month, according to the latest data presented in the Federal Reserve’s current economic conditions, more commonly known as the Beige Book.

CIBC Expects Semafo’s Successful Acquisition of Orbis

Semafo Inc.’s (TSX:SMF) proposal to acquire 100% of Orbis Gold for roughly $150 million will go eventually go through, despite Orbis’ board of directors stating they felt the offer was undervalued.

Higher Gold, Lower Oil Price Trends May Continue As Global Growth Expectations Falter

Gold prices may continue to rise and crude oil prices fall as long as expectations remain sluggish for global growth.

Strategists: Rising Open Interest Along With Higher Prices Bodes Well For Gold

The number of open positions in gold futures has risen with the price in recent sessions, which reflects fresh buying entering the market and hints at a more optimistic view among traders, strategists say.

Wednesday’s Forex Analytical Charts

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

Consumers Need 20% More Gold But 25% More U.S. Dollars To Buy A Home Compared To 2009

(Kitco News) – The gold market’s 2013 correction, which saw the biggest drop in prices in more than 30 years, damaged the yellow metal’s purchasing power from the last five years, but has not completely erased it.

Gold-Mining Stocks Looked Much Better 5 Years Ago

(Kitco News) – For investors who bought gold-mining stocks in 2009, and are still holding those positions today are reading this, we’re not trying to rub it in.

Soft U.S. Data Sends Gold To 5-Week High As Stocks, Dollar, Treasury Yields Fall

(Kitco News) – Three major U.S. economic reports Wednesday morning were all softer than forecast, sending gold to a nearly five-week high as equities, the U.S. dollar and Treasury yields sagged, traders said.

U.S. Producer Price Index Falls 0.1% in September

Producer prices for finished goods fell by a seasonally adjusted 0.1% in the U.S. during September, the Labor Department said Wednesday.