Gold prices up 1% as U.S. manufacturing PMI drops to 11-year lows, service sector sees record lows
(Kitco News) – Gold prices edged up to daily highs after the release of preliminary manufacturing and service-sector sentiment data.
Commerzbank: ETFs post gold inflows 23 days in a row
(Kitco News) – Global exchange-traded funds have now accumulated gold for 23 business days in a row as “mountains of debt” accumulated by governments provide underlying support for the yellow metal
Commerzbank: ETFs post gold inflows 23 days in a row Read More »
Gold, silver prices up as crude oil continues to recover
(Kitco News) – Gold and silver prices are holding decent gains in early U.S. trading Thursday, due in part to the solid rebound in the crude oil market following the early-week collapse in oil prices.
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Initial U.S. jobless claims total 4.43 million; gold holds onto gains
(Kitco News) – Another 4.43 million Americans filed for first-time U.S. jobless claims in the week to Saturday, the Labor Department said Thursday. Spot gold held onto overnight gains, last trading up $10.90 to $1,725 an ounce.
Initial U.S. jobless claims total 4.43 million; gold holds onto gains Read More »
Where is gold headed next week? Vote now!
(Kitco News) – Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term
Where is gold headed next week? Vote now! Read More »
Metals Focus: risk aversion resulting from weak oil prices supportive for gold
(Kitco News) – The collapse in oil prices at the start of the week – including a negative price in the Nymex spot month – has ramifications for gold, pointed out Metals Focus.
Metals Focus: risk aversion resulting from weak oil prices supportive for gold Read More »
BBH: U.S. ‘stands a decent chance’ of ratings downgrade
(Kitco News) – The U.S. may be at risk of a downgrade to its debt ratings, although this may have a limited impact on financial markets based on what happened in 2011, said Brown Brothers Harriman.
BBH: U.S. ‘stands a decent chance’ of ratings downgrade Read More »
Bitcoin daily chart alert – Recent pause is not bearish – Apr. 23
(Kitco News) – Bitcoin-U.S. dollar prices are near steady in early U.S. trading Thursday. Price action has been quieter and sideways recently and that’s not bearish.
Bitcoin daily chart alert – Recent pause is not bearish – Apr. 23 Read More »
Three-quarters of Coeur Mining’s Q1 revenue derived from gold
(Kitco News) – “The significant decrease in base metals prices, combined with the finalization of the annual zinc and lead benchmark treatment charges at $299.75 and $182.50 per tonne.”
Three-quarters of Coeur Mining’s Q1 revenue derived from gold Read More »
Hold off on gold price explosion; $2,000 won’t come this year, here’s why
(Kitco News) – Hold off on gold price explosion; $2,000 won’t come this year, here’s why
Hold off on gold price explosion; $2,000 won’t come this year, here’s why Read More »