U.S. Durable Goods Orders Fall 3.4% In December
(Kitco News) – The U.S. economy lost some momentum in December, adding to November’s weakness, as the Department of Commerce reported a fall in durable goods orders Wednesday.
Read moreGold Gets Boost On U.S. Stock Market Sell-Off, Weaker U.S. Dollar
Gold prices are modestly higher in early U.S. trading Tuesday, on some safe-haven buying interest as the U.S. stock market is selling off following some downbeat quarterly earnings reports.
Read moreThe 6 PM Recap With Gary Wagner: The Best Investment Since Friday Morning Is…?
After showing deep declines based on fears about Greece’s elections early in the day, the euro steadied and late in the day actually is showing gains against the dollar.
Gold Stumbles In Corrective Pullback
(Kitco News) – After surging above the $1,300 per ounce level last week for the first time since August, April Comex gold futures have stumbled lower amid a modest corrective pullback on Monday.
Gold Sees Price Pressure from Profit Taking, Powerful Greenback
Gold prices ended the U.S. day session moderately lower Monday, on profit-taking from recent gains that saw prices last week hit a 5.5-month high, and on a strong U.S. dollar index that notched a 12-year high Monday.
Read morePleasant Surprises On Deck For Gold Miners Outside U.S. On Exchange Swings – Rob McEwen
(Kitco News) – With the U.S. dollar taking flight and leaving other currencies in the dust, Rob McEwen, chairman and chief owner of McEwen Mining Inc. (TSX:MUX) (NYSE:MUX), expects some pleasant surprises for producers outside the U.S.
Gold Prices Look Toppy As Spec Longs Rise To Two-Year High – Analysts
(Kitco News) – Gold prices are starting the week under pressure, which is not surprising to some analysts who say that in the short-term the yellow metal has no room to move higher, as speculative gross long positions reach a two-year high.
Read moreRockhaven Releases Initial Resource Estimate At Klaza Property
Rockhaven Resources Ltd.’s (TSXV:RK) initial resource estimate at its wholly owned Klaza property, located in Yukon, shows 1,311,353 gold equivalent inferred ounces, using a $1,200-per-ounce gold price and a $20-per-ounce silver price.
Triland Metals: Don’t Get Too Carried Away With Gold’s Performance
Gold prices have rallied almost 8% since the start of the year, but Monday’ weak performance is a reminder that investors shouldn’t get too carried away with bullish sentiment, say analysts from Triland Metals.
Gold Lower on “Sell-the-Fact” Following Greek Elections
Gold prices are moderately lower in early U.S. trading Monday, on a classic “sell-the-fact” scenario following the Greek election results on Sunday.
