A study of analyst recommendations at the major brokerages shows that Commercial Metals Co. (NYSE: CMC) is the #29 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel...
A weak U.S. dollar is a threat to the global economy and the only way to stop the greenback’s decline is to reintroduce a gold standard, said media tycoon, Steve Forbes...
As is almost always the case, the gold price got sold down the moment that trading began in New York on Sunday evening, with the low of the day coming shortly after 9:30 a.m BST in London. It rallied a few dollars from there before getting sold down about the same amount going into the London p.m...
Gold futures fell as analysts brought forward estimates for the Federal Reserve to raise U.S. interest rates, crimping demand for the metal as an inflation hedge. Goldman Sachs Group Inc...
Prices broke higher after oscillating in a narrow range for over a week, taking out resistance at 1321.64 marked by the 38.2% Fibonacci expansion. Buyers now aim to challenge the 50% level at 1346.78, with a further push above that eyeing the 61.8% Fib at 1371.93...
Kitco News wraps up the week with Gary Wagner’s in-depth analysis of the gold market. Wagner says he’ll be looking at silver this week as well because of the metal’s ‘stellar’ performance in the precious metals space. “This rally has a unique characteristic,” he says...
The acquisition is motivated by company's plans to expand further into downstream manufacturing while closing unprofitable smelters amid a global oversupply of raw aluminum...
Gold rose toward a two-month high since 2011, investors assessed the outlook for U.S. borrowing costs. Silver climbed to the highest level since March. Bullion for immediate delivery added as much as 0.4 percent to $1,321.51 an ounce, and traded at $1,319.55 by 2:19 p.m...
GOLD TECHNICAL ANALYSIS Gold may be primed for a push higher given signs of an uptrend have emerged on the daily chart. A break above several resistance levels and spike in volatility also suggests the potential for further gains...
China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals...
Gold traded below a two-month high today, investors weighed the outlook for the U.S. economy on recovery. Price for gold with immediate delivery slipped to $1,316.11 today, paring advance to 5.3 percent in June, the most since February...
At the end of the last week gold was in two months high just above $1320 and now its price fell slightly. For the first time in two weeks it moved back through the key $1275 level. It was also able to break through the $1300 level too...
