Latest News

Markets Quieter Heading Into Long Weekend

(Kitco News) – Gold prices are moderately higher in early U.S. trading, boosted By some short covering in the futures market and bargain Hunting in the cash market. A weaker U.S. dollar index On this day is also a positive for the precious metals mar…

The 6PM Recap With Gary Wagner: Dollar Weakness Not Enough To Sneak Gold Past Trader Driven Losses

Despite a serious assist from U.S. dollar weakness, gold fell again today, embedding itself deeper into its seemingly unbreakable long-standing range.

LBMA: Trading Activity in Gold And Silver Drop Sharply In April

Trading activity fell sharply last month despite higher prices, according to the latest data from the London Bullion Market Association (LBMA).

Gold Ends Weaker, Gets No Help from Bullish Outside Markets

Gold prices ended the U.S. day session moderately lower Thursday.

Gold To Bottom In 3Q, Fed Rate Hike To Be Pivot – Macquarie

The minutes of the Federal Open Market Committee meeting indicated that it is “unlikely” interest rates will rise in June but that still leaves a September hike on the table and that will weigh on gold, according to one firm.

Time For AngloGold And Gold Fields To Merge – CIBC

According to analysts at CIBC, it’s time for AngloGold Ashanti Ltd. (NYSE:AU) and Gold Fields Ltd. (NYSE:GFI) to merge as the bank believes the two companies combined would perform better than operating as single entities given the industry issues in South Africa and demands from government.

Commodity Investors Came And Went… – Barclays

Philly Fed Manufacturing Index Falls To 6.7 In May

The headline index for the survey of manufacturing from the Philadelphia area weakened in May, according to the Philadelphia Federal Reserve.

U.S. Existing Home Sales Fall 3.3% In April

(Kitco News) – U.S. existing home sales tumbled 3.3% in April giving back some of the strong gains reported in March, according to the latest report from the National Association of Realtors (NAR).

Endeavour Mining’s Kofi Deposit Bringing Down Costs

Endeavour Mining Corp.’s (TSX:EDV)(ASX:EVR) Tabakoto mine, located in southwestern Mali, saw a sharp drop in all-in sustaining costs (AISC) per ounce during the first quarter of 2015 as the company began seeing the mining benefits of its Kofi properties.