Gold, genes and Nevada copper: The small-caps on the move this week
Sunda Energy PLC (AIM:SNDA, FRA:GHA0) shares are up 121% since New Zealand's regulator handed a 10-year petroleum mining permit for the Taranaki assets it is in the process of buying, with 48% of that coming this week alone. The grant, on 13 August, has proved a slow burn, buyers nibbling away at a tightly held register and dragging the price steadily higher.
Gold eases as Warsh, payroll revisions test Fed trade - Kitco AM Report
Spot gold prices are modestly lower and spot silver prices are sharply higher in early U.S. trading Friday, as traders held gold near the $4,600 area ahead of Fed Chair Kevin Warsh's Jackson Hole speech and the Labor Department's preliminary payrolls benchmark revision. At the time of writing, spot gold was trading near $4,593.20 an ounce, down 0.16%, while spot silver was trading at $70.170, up 1.50% on the session.
Gold and Silver Price Forecast: Warsh's Jackson Hole Speech Takes Center Stage
Gold remains bullish above $4,500, while silver eyes a break above $72 as Fed rate expectations and Warsh's Jackson Hole remarks guide the next move.
Gold Falls as Markets Await Jackson Hole
Gold declined in early Asian trade as traders await a speech from Fed Chair Warsh, hoping for clues on the trajectory of interest rates as inflation stays sticky.
Forget $10,000 gold, the trend is higher until governments fix their debt – John LaForge
Gold's dramatic rise over the last several years may have pushed prices to levels that once appeared unimaginable. Still, according to one market strategist, investors shouldn't get distracted by price targets.
Gold bulls still in control as market holds well above key support - Forex.com's Razaqzada
Growing fears over the size of U.S. government debt have ignited a new U.S. dollar debasement trade that has driven gold back above critical resistance levels; however, analysts are warning investors that the market is looking a little overbought after seeing a 15% rally through August.
‘The math is on gold's side': Larry Lepard sees rising debt forcing currency debasement
Looking beyond the recent volatility, gold has seen extraordinary gains in the last two years, and according to one fund manager, after the recent correction, the precious metal is ready to resume its long-term uptrend.
Gold Price Faces $4,700 Resistance With $4,500 Support in Focus
Gold price struggles at $4,700 resistance ahead of key Fed signals, with $4,500 offering support while a break above $4,800 could revive momentum.
Gold steadies near $4,590 as claims dip, Fed hike risk stays live - Kitco AM Report
Spot gold and silver prices are little changed to weaker in early U.S. trading Thursday, as a firmer rates backdrop offset bargain hunting after Wednesday's post-PCE pullback.
Gold approaches $4,600/oz after U.S. weekly jobless claims fall to 203k
Gold prices are getting closer to the $4,600 per ounce level on Thursday morning following the release of better than expected labor market data after the number of Americans filing new claims for unemployment benefits came in below economists' forecasts.
Gold (XAU/USD) & Silver Price Forecast: Sticky PCE Puts Warsh and Fed in Focus
Gold and silver remain balanced as sticky PCE revives Fed tightening risk, while Warsh, Middle East tensions and fiscal concerns support volatility.
Gold slips below $4,600 as yields, dollar firm after PCE - Kitco PM Report
Spot gold and silver prices are lower in late-afternoon U.S. trading Wednesday, after hotter-than-expected PCE inflation lifted Treasury yields, firmed the U.S. dollar and forced profit-taking across precious metals ahead of Nvidia earnings and Friday's Jackson Hole speech.
