Societe Generale Trims Forecasts For Platinum, Palladium
Societe Generale is “cautious” on platinum group metals and downwardly revised its forecasts.
Safe-Haven Demand Boosts Gold to 5-Week High as Fear Grips Market Place
(Kitco News) – Gold futures prices ended the U.S. day session with moderate gains and hit a five-week high on safe-haven demand Wednesday. A litany of worries has injected serious fear into the market place, highlighted by plunging world stock markets. December Comex gold was last up $8.10 at $1,242.40 an ounce. Spot gold was last quoted up $10.00 at $1,242.75. December Comex silver last traded up $0.027 at $17.43 an ounce.
Pace Of Economic Recovery Was Unchanged In September – Fed Beige Book
(Kitco News) – September saw a continued expansion of economic activity throughout the country with little change from the August report, released last month, according to the latest data presented in the Federal Reserve’s current economic conditions, more commonly known as the Beige Book.
CIBC Expects Semafo’s Successful Acquisition of Orbis
Semafo Inc.’s (TSX:SMF) proposal to acquire 100% of Orbis Gold for roughly $150 million will go eventually go through, despite Orbis’ board of directors stating they felt the offer was undervalued.
Higher Gold, Lower Oil Price Trends May Continue As Global Growth Expectations Falter
Gold prices may continue to rise and crude oil prices fall as long as expectations remain sluggish for global growth.
Read moreStrategists: Rising Open Interest Along With Higher Prices Bodes Well For Gold
The number of open positions in gold futures has risen with the price in recent sessions, which reflects fresh buying entering the market and hints at a more optimistic view among traders, strategists say.
Read moreWednesday’s Forex Analytical Charts
Read moreWednesday’s Analytical Charts for Gold, Silver and Platinum and Palladium
Read moreConsumers Need 20% More Gold But 25% More U.S. Dollars To Buy A Home Compared To 2009
(Kitco News) – The gold market’s 2013 correction, which saw the biggest drop in prices in more than 30 years, damaged the yellow metal’s purchasing power from the last five years, but has not completely erased it.
Gold-Mining Stocks Looked Much Better 5 Years Ago
(Kitco News) – For investors who bought gold-mining stocks in 2009, and are still holding those positions today are reading this, we’re not trying to rub it in.
