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Gold Hits Highest Level In 3 Months
Thursday, January 12, 2017 - 9:57am | 406Read More...The price of gold traded above the $1,200 per ounce mark for the first time since November, at a time when the "Trump rally" appears to be taking a breather. Bloomberg reported that the rally in spot gold can be attributed to President-elect Donald Trump's first press conference since his election...
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Citi Might Upgrade Kinross From Neutral If Mine-Life Were To Improve
Tuesday, August 2, 2016 - 11:25am | 301Read More...Alexander Hacking of Citi Research initiated coverage of the North American gold sector with an overall Neutral view. The analyst argued that gold appears to be "well supported" at its current level, but investors shouldn't "aggressively chase" the recent run up in gold...
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Gold Surges To Multi-Year High On A 'Perfect Storm' Of Factors
Wednesday, July 6, 2016 - 8:39am | 396Read More...The price of an ounce of gold continued to rise Wednesday morning and is now trading at its highest levels since 2014. An ounce of gold for August delivery was trading at $1,358.70, while the most commonly used exchange-traded fund that tracks the price of gold, the SPDR Gold Trust (ETF) (NYSE: GLD...
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Gold Hits 4-Week High: Here's Why It Can Continue Rising
Thursday, June 16, 2016 - 9:15am | 496Read More...The price for an ounce of gold traded above the key $1,300 level for the first time since May 3. There are several reasons to attribute the run-up in gold prices, ranging from dovish Federal Reserve comments on interest rate hikes and a higher U.S. dollar. Fears of a possible "yes"...
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Are Central Bankers To Thank For The Surge In Gold Prices?
Monday, May 16, 2016 - 1:16pm | 274Read More...Several exchange-traded funds (ETFs) that hold gold have surged by a quarter in recent memory. The reason for the rise in gold prices? Central banks — at least according to a report by Bloomberg. Bloomberg noted that gold has been 2016's best performing major metal after silver due to rising...
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Asian And European Equities Tumble Following Bank Of Japan's Surprise Non-Decision
Thursday, April 28, 2016 - 7:16am | 386Read More...The Bank of Japan gathered on Thursday as market participants expected the central bank to announce a new round of stimulus. However, the bank surprised many investors by standing pat and left its deposit rate at minus 0.1 percent unchanged. The Bank of Japan kept its asset purchase program of...
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Asian And European Stocks Mostly Higher Ahead Of Central Bank Meetings And Key U.S. Earnings Reports
Tuesday, April 26, 2016 - 7:34am | 329Read More...Asian stocks were mostly higher on Tuesday as investors and traders anxiously await Thursday's Bank of Japan meeting in which the central bank may introduce negative lending rates. Investors and traders were bearish on Japanese stocks as the country's Nikkei index lost 0.49 percent. On...
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Asian And European Equities Mostly Lower, Shanghai Index Loses 2% Amid Monetary Easing Chatter
Wednesday, April 20, 2016 - 7:31am | 281Read More...Asian stocks were mostly lower during Wednesday's trading session, led by a more than 2 percent decline in China's Shanghai index. According to China Daily, the selloff in Chinese equities were attributed to market speculations that monetary easing will be less likely following recent...
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Asian Markets, Led By Japan's Nikkei Index, Surge Higher As Europe Follows Suit
Tuesday, April 19, 2016 - 7:17am | 226Read More...Asian equities were mostly higher during Tuesday's trading session, led by a 3.68 percent gain in Japan's Nikkei index. Hong Kong's Hang Seng index gained 1.26 percent, Australia's ASX index gained 0.96 percent, India's Mumbai Sensex index gained 0.74 percent and China's...
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Asian, European Markets In The Red As Doha Conference Ends With No Deal
Monday, April 18, 2016 - 7:34am | 288Read More...Crude oil plummeted more than 6 percent during Asia's trading session after a meeting in Doha between OPEC and non-OPEC members failed to reach a consensus conclusion. Representatives of some of the world's largest oil exporting nations gathered in Qatar to discuss a freeze in...
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What's Going On With Gold?
Monday, April 11, 2016 - 8:59am | 365Read More...Gold futures continued trading higher early Monday morning and reached its highest levels in almost three weeks. Bloomberg attributed the commodity's gains to a weak U.S. dollar and cautious commentary from the Federal Reserve regarding an interest rate hike. Meanwhile, European governments bonds...
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Yamana Gold Reports Mixed Q4, Shares Gain 0.75%
Friday, February 19, 2016 - 12:03pm | 274Read More...Shares of Yamana Gold Inc. (USA) (NYSE: AUY) were trading higher by 0.75 percent at $2.70 on Friday after the company reported its fourth-quarter results. Yamana Gold said that it lost $0.01 per share in the fourth quarter on revenue of $463 million. Wall Street analysts were expecting the company...
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NovaGold Lower Slightly After StreetSweeper Report
Thursday, January 7, 2016 - 1:22pm | 278Read More...Shares of NovaGold Resources Inc. (NYSE: NG) were trading lower by more than 1 percent on Thursday following a negative report by The Street Sweeper on Wednesday. The Street Sweeper's Sonya Colberg argued that while "there may be gold" in NovaGold Resources' properties, investors "better not count...
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Credit Suisse Is Positive On Gold Equities, Lists 4 Stocks To Buy
Monday, January 12, 2015 - 8:51am | 298Read More...Anita Soni of Credit Suisse on Friday stated in a note that gold equities may see outperformance in 2015 driven by margin expansion, gold price stability, renewed interest in the space and potential merger and acquisition activity. According to Soni, the gold industry put in to place measures...
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What Has Happened In The Gold Market?
Monday, December 1, 2014 - 4:07pm | 376Read More...Since peaking shy of the $2000.00 level at $1953.00 in September 2011, gold has lost over $800.00 based on its November 7 low of $1131.10. Just as the gold miners started to open new mines to ramp up production and speculators jumped on board, the bottom fell out. Out Of Gold And Into...
