NEW YORK/LONDON, Oct 3 (Reuters) – Gold fell 1.6 percent on Friday, dropping below $1,200 an ounce for the first time this year, as data showing a stronger-than-expected U.S. labor market bolstered bets that the U.S. Federal Reserve will raise interest …
But a mile or so north of town, a small company is trying to resurrect the business that made Searchlight boom a century ago: gold. Nevada Milling and Mining is working off U.S. 95 in the Opal Mountains to pull out the precious metal. The group has …
After a September that saw record lows for the cost of gold, the precious metal seems to be rebounding and gaining strength as an alternative investment. As global equities drop, gold futures have been rising slowly, which is good news for those who …
Gold erased this year's gains after U.S. employers added more jobs in September than forecast, stoking speculation that the Federal Reserve will move closer to raising interest rates. Futures for December delivery fell as much as 1.4 percent to $1,198 …
Gold's been pretty ugly lately. The improving US economy and the belief that the Fed will raise rates fairly soon has shattered the gold-bug narrative about hyperinflation, doom, and dollar debasement. But gold in itself is not the worst gold-related …
Sentiment in the Indian gold market appears to have strengthened ahead of the Hindu festival of Diwali, with premiums once-again gaining momentum as a result of cheaper gold prices. Demand throughout Navratri, a 10-day religious festival during which …
In the Kitco News gold survey, out of 37 participants, 26 responded this week. Of those, seven see higher prices, 16 see lower prices and three see prices trading sideways or are neutral. Market participants include bullion dealers, investment banks …
Gold experienced a spectacular bull market run from its low at $250 an ounce in 2001 to its peak above $1,900 an ounce in 2011. Its long bull market was largely supported by expectations that the Fed's easy money policies would create spiraling …
(Kitco News) – A majority of participants in the Kitco News weekly gold survey remain bearish on prices for the metal next week, continuing to say the strength of the dollar weighs on gold. Out of 37 participants, 26 responded this week. Of those …