U.S. Weekly Jobless Claims Fall To 282K
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 9,000 to a seasonally adjusted 282,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Pushes Well Above $1,200 to Hit 4-Week High
Gold prices are higher, hit a four-week high and have pushed above what was psychological resistance at the $1,200.00 level Thursday.
Read moreThe 6 PM Recap With Gary Wagner:Indecisive Gold Traders Ride Dollar Coattails
Gold traders could not decide which way to bid gold today
Read moreDeflationary Environment Could Be Good For Gold – HSBC
(Kitco News) – Although the current deflationary environment has been negative for gold, one bank thinks that this might not always be the case as deflation forces central banks to introduce negative interest rates.
Read moreTD Bank Becomes LBMA Market Maker
Effective March 19, The London Bullion Market Association (LBMA) named TD Bank as a Forward Market Making Member. “In order to qualify as an LBMA Market Maker, a company must offer two-way quotations in both gold and silver to the other Market Makers throughout the London business day,” the LBMA says in its announcement Wednesday. According to the association, it has 146 members, consisting of 15 market makers, 56 ordinary members, 69 associate members and 6 affiliate members.
Gold Firmer on Slumping U.S. Dollar, Weak U.S. Data, Fed Speak and U.S. Equities Sell Off
(Kitco News) – Gold prices ended the U.S. day session modestly higher and hit a three-week high Wednesday. The yellow metal came within a whisker of pushing above the key $1,200.00 mark, basis April Comex futures. Several fundamental factors worked in favor of the precious metals Wednesday, including a slumping U.S. dollar index that continues to be a major bullish underlying theme for most raw commodity markets. April Comex gold was last up $5.70 at $1,197.00 an ounce. May Comex silver was last up $0.017 at $17.00 an ounce.
EM Central Bank Gold Buying Neutral In February
(Kitco News) – Only three emerging market central banks took advantage of weaker gold prices in February and added to their reserves, according to the latest data from the International Monetary Fund (IMF).
Read moreTurquoise Hill, Mongolian Government Resolution Essential; Price Target Lowered – CIBC
Turqouise Hill Resources Ltd. (TSX:TRQ)(NYSE:TRQ) need to sort out issues with the Mongolian government if Oyu Tolgoi development is to reach its potential, say analysts at CIBC.
Read moreGerman Gold Repatriation Is “Proceeding Smoothly” – Deputy Head
(Kitco News) – New York – Since Germany’s central bank announced it would be repatriating some of its gold reserves from New York and Paris, a host of theories have circulated, speculating on why the decision was made. Two years later, the Deutsche Bundesbank still remains firm that there is nothing odd about it.
U.S. Durable Goods Orders Fall 1.4% In February
(Kitco News) – The U.S. economy and the manufacturing sector lost momentum in February as the Department of Commerce reported a fall in durable goods orders Wednesday.
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