U.S. Producer Prices Index Rises 0.5% In May
(Kitco News) – Price pressures in the U.S. manufacturing sector increased last month, reversing the previous month’s dramatic drop, according to the latest data from the U.S. Department of Labor.
Traders Awaiting The U.S. PPI Report
(Kitco News) – Gold And silver prices are not straying too far from unchanged In early U.S. trading. The market place was quieter overnight, amid no major fundamental news events to shake the markets. Many traders have shifted into their “summertime” mode, whereby focus is less on the markets and more on outside activities after the work day.
The 6PM Recap With Gary Wagner: Dollar Ends Slide – Gold, Oil, 10-year Yield All Fall
Try as regular traders might today, they couldn’t overcome the resurgent dollar. And, in spite of bellicose words from the IMF, the EU and Greece, equities worldwide managed to pick up some gains. Gold gained nothing on the safe-haven play from the unsettled Greek debt problem today, however.
Gold Pressured by Bearish Outside Markets, Rallying Equities
Gold prices ended the U.S. day session moderately lower Thursday, succumbing to the forces of bearish outside markets—a higher U.S. dollar index and lower crude oil prices.
Chinese Investors Waiting For The Right Time To Buy Gold – BMO
(Kitco News) – Chinese investors have become more sophisticated and are now waiting for the right time to buy gold, as demand remains stable throughout Asia, according to one commodity analyst.
Read moreGLD Gold Reserves Drop To Pre-2008 Financial Crisis Levels
Consistent investor outflows so far this month have not only pushed reserve holding in the world’s biggest exchange-traded fund (ETF) into negative territory for the year, but levels are now at their lowest point since before the 2008 financial crisis.
Union At Stillwater Mine, Columbus Processing Facility Fail To Reach Labor Agreement
Stillwater Mining Co. (NYSE:SWC) and their union employees, represented by USW International Union Local 11-0001, did not reach an agreement to ratify a tentative labor agreement on May 27, 2015.
Read moreGold’s Daily Technicals Look Bullish – IG Markets
Although gold prices are struggling to hold on to recent gains in the wake of a stronger U.S. dollar, Chris Beauchamp, market analyst at IG Markets, remains optimistic that prices can push back above $1,200 an ounce, adding “there is still reason to expect fresh upside.”
U.S. Weekly Jobless Claims Rise To 267K
(Kitco News) – First-time weekly jobless claims in the U.S. rose by 2,000 claims to a seasonally adjusted 276,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Lower Amid Bearish Outside Markets
The gold market is succumbing to the forces of bearish outside markets Thursday morning as prices trade moderately lower.
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