Kitco Newsn

Gold and silver prices are modestly down in early-afternoon U.S. trading Monday.

The amount of gold and silver transferred between accounts of London Bullion Market Association members fell during February, the organization reported Monday.

(Kitco News) – The gold market is struggling to find the momentum to push through $1,300 an ounce as sentiment in the U.S. manufacturing sector improved last month, according to the latest report from the Institute for Supply Management (ISM).

Large speculators added to their bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission, encouraged by dovish communications from the Federal Reserve, analysts said.

Michael “Mick” McMullen will become chief executive officer and director of Detour Gold Corp. (TSX: DGC) on May 1, the company announced Monday.

Gold finished the first quarter with only a modest gain after giving up most of its early-year strength.

(Kitco News) – The gold market is closed to unchanged levels as U.S. consumers spent less than expected in February.

Eldorado Gold Corp. (TSX: ELD; NYSE: EGO) says it achieved commercial production at the Lamaque Mine in Quebec as of Sunday.

Gold and silver prices are slightly down in early U.S. trading Monday.