Investors Lukewarm To Gold, But Not Overly Bearish – UBS
(Kitco News) – Although investors are more focused on currency and equity markets, they are not as bearish on gold as one would expect, according to the latest research report from UBS.
Read moreCoeur’s Wharf Mine Acquisition Narrows Margin For Error – CIBC
Coeur Mining Inc.’s (NYSE:CDE) acquisition of Goldcorp Inc.’s Wharf gold mine, located in South Dakota, for $105 million cash will bridge a near-term cash flow gap for the company’s turnaround strategy, but also makes the margin for error much slimmer, say analysts at CIBC.
U.S. Consumer Confidence Rises To 101.3 In March
(Kitco News) – U.S. consumer confidence rose this month, reversing most fo the weakness reported in February, according to the latest data from the U.S. Conference Board.
Read moreChicago PMI Rises To 46.3 In March
(Kitco News) – The headline index for the Chicago Business Barometer, widely known as the Chicago Purchasing Managers Index, rose in March to a reading of 46.3, below expectations, according to a report released Tuesday.
Read moreGold Holding Up Better Than Base Metals – MKS
Although a stronger U.S. dollar is helping to keep gold prices below $1,200 an ounce, Alex Thorndike, senior precious metals dealer at MKS SA, said the yellow metal is still holding up relatively well compared to other commodities.
Read moreGold Near Steady as Stronger U.S. Dollar Limits Buying Interest
Gold prices trading not far from unchanged levels in early U.S. dealings Tuesday.
Read moreGold Faces More Headwinds Ahead Of Rate Hikes, But Close To Lows – IHS
U.S. interest rates are already at their lowest point so there is no place for them to go but up and that will create some headwinds for gold in the next six to nine months, according one economist.
Read moreGold Solidly Lower Amid Rallies in U.S. Dollar, World Stock Markets
Gold prices ended the U.S. day session lower Monday, pressured by good gains in the U.S. dollar index and by rallies in the competing asset class, the world equities markets. Lower crude oil prices were also an underlying negative for the precious met…
Read moreNatixis Sees Gold Averaging $1,150 An Ounce In 2015, Down 9.1% From 2014
The gold market is expected to continue to struggle in 2015 on the back of a surging U.S. dollar as the Federal Reserve prepares to normalize rates, a stark contrast to other major central banks, according to the latest research from Natixis.
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