Gold managed to gain some ground as traders focused on U.S. economic reports.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
According to the ISM, the economic activity in the services sector expanded for the fifth consecutive month in November.
Francisco Blanch, head of commodities and derivatives research at BofA Securities, discusses the outlook for gold prices. "The next few months gold slows down, but we still believe $3,000 an ounce will be reached at some point end of next year," he tells Bloomberg Television.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
The gold mining industry in Ghana is causing environmental damage and pollution, leading to protests and calls for bans on small-scale mining operations. As the African country nears the national elections on Dec. 7, politicians have tried to reassure registered mines that they will be shielded from the government's crack down on illegal activities known as “galamsey”.
Gold was steady in the early Asian trade. The market has a mix of influencing factors that make it difficult to determine the precious metal's price direction, XS.com said.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.