Great Panther Silver Posts Higher Q1 Production
Great Panther Silver Ltd. (TSX:GPR)(NYSE MKT:GPL) produced 987,887 silver equivalent ounces during the first quarter of 2015, a 48% rise year-on-year.
Read moreGovernment Bonds Supply Concerns Are ‘Exaggerated’ – ECB’s Draghi
(Kitco News) – Worries that the European Central Bank will run out of bonds to purchase as many government yields move below the cap at negative 0.2% are “a little exaggerated,” said the ECB President Mario Draghi.
Asteroid Mining Relaunch A Success – Planetary Resources
A company looking to mine asteroids while in orbit took a positive step towards completing its goal after its equipment was part of a successful launch Tuesday afternoon.
Read moreGold Rallies Modestly Following Weak U.S. Economic Data and as U.S. Dollar Index Backs Off
Gold prices have pushed above unchanged and are holding modest gains in mid-morning dealings Wednesday. Some weaker-than-expected U.S. economic data released Wednesday morning has prompted some short- covering and bargain-hunting buying interest in go…
Read moreVote Now In The New Kitco Weekly Gold Survey
(Kitco News) – Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Empire State Manufacturing Index Falls -1.2 In April
(Kitco News) – The manufacturing sector in the New York region turned negative for the first time since Decembery, according to the latest data from the New York Federal Reserve.
Read moreGold Weaker; Higher U.S. Dollar Index Keeps Buyers Scarce
Gold prices are slightly lower in early U.S. trading Wednesday, weighed down by a higher U.S. dollar index on this day.
Read moreECB Leaves Rates Unchanged
(Kitco News) – The European Central Bank (ECB), as expected, left interest rates unchanged Wednesday.
Read moreThe 6PM Recap With Gary Wagner: Gold Still Eyeing Fed Rates
On fears regarding a Fed rate increase gold tumbled in regular trading, a move down that was moderated by a substantially weaker U.S. dollar today. The dollar was off about 1.00% against the euro.
Read moreStrong Dollar Hurting U.S. Growth – Nomura
The strong U.S. dollar will start to hinder growth in the country, say analysts at Nomura in their Global Economic Outlook Monthly report. They expect the U.S. economy to grow below 3% in 2015, and eventually around 2% in 2016. “Although some of these near-term shocks will likely dissipate, we now believe the stronger dollar will have a notable negative impact on growth through trade in 2015,” they say. “In addition, we believe that there is still some way to go before the oil and gas rig count reaches its nadir, which should produce a further drag on business capex in the first half of the year before starting to rebound in late 2015.” The analysts point out that the lower oil price hasn’t spurred consumer spending, but rather pushed up the savings rate. However, they say that “there should be some offset from stronger consumption growth through 2015, as we expect the consumer to spend some of the extra money saved from declining gasoline prices.” Looking to employment, the analysts say they expect monthly job gains north of 200,000 this year, which would likely push the unemployment rate down to 5.2% by year end. They also expect inflation to move into positive territory this year, and accelerate in Q2. Commenting on Fed policy, they expect the first rate hike to occur in September. “After the first rate hike, we expect the FOMC to hike at a pace of 25bp per quarter.”
