Gold Sees Short-Covering, Bargain-Hunting Bounce to Start Trading Week
Gold prices are moderately higher in early U.S. trading Monday, on a short-covering rebound in the futures market and on some perceived bargain hunting in the cash market, after prices dropped to a six-week low on Friday.
Read moreGold To Remain Volatile Ahead Of Employment Data Next Week – Analysts
(Kitco News) – The gold market is expected to see another volatile week as investors and traders prepare for April’s employment report Friday.
First Mining Pushing For Coastal Shareholders To Nix Sulliden Acquisition
First Mining Finance Corp. (TSXV:FF) is urging independent shareholders of Coastal Gold Corp. (TSXV:COD) to vote down an acquisition offer tabled by Sulliden Mining Capital (TSX:SMC) due to First Mining having already made a higher offer on Coastal Gold.
Read moreMain Street Expect To See Higher Prices Next Week, Wall Street Bearish
Main Street vs Wall Street gold survey shows almost mirror opposites as Kitco readers expect higher gold prices in the near term while market experts expect to see them lower.
Read moreKitco News Introduces The Open
(Kitco News) – Markets never stop and neither do you, that is why Kitco News is excited to introduce its latest online content: The Open with Jim Wyckoff.
Agnico Eagle Not Squeezing Operations To Get Results – CEO
(Kitco News) – Agnico Eagle Mines Ltd. (TSX:AEM)(NYSE:AEM) reported first quarter 2015 profits Thursday evening, albeit lower year-on-year profits, as the company showed record production.
Read moreISM Manufacturing Index Remain Unchanged At 51.5% In April, Employment Index Contracts
(Kitco News) – The U.S. manufacturing sector managed to find a little momentum last month, but less than expected, according to the latest data from the Institute for Supply Management (ISM).
Read moreEventual Rate Hikes Will Be Dollar Positive, Gold Negative – CIBC
(Kitco News) – Expectation for the Federal Reserve to embark on a new tightening cycle has been pushed now to September, but the fact that interest rates are coming will be positive for the U.S. dollar and negative for gold, according to one major Can…
Read moreGold Sees Follow-Through Pressure from Thursday’s Rout
Gold prices are modestly lower in early U.S. trading Friday, on some follow-through selling after Thursday’s big down day. It was quieter on the world market place front overnight.
Agnico Eagle Posts Lower Q1 Profit
(Kitco News) – Agnico Eagle Mines Ltd. (TSX:AEM)(NYSE:AEM) reported net income of $28.7 million, or 13 cents per share, in the first quarter of 2015, down from $97.1 million, or 56 cents per share.
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