Great Plains Metals finds overlooked copper-gold intercepts in historical Goodrich drill records
Great Plains Metals Corp (TSX-V:GPS, FRA:8VC0) said a review of historical drilling records at its Goodrich copper-gold project in New South Wales, Australia, turned up significant porphyry-related mineralization missed in programs run in the 1980s. The company went through more than 5,000 meters of drilling across 46 holes in the NSW Resources archives.
Gold Rises as Softer-Than-Expected Inflation Data Tempers Rate-Hike Bets
Gold rose. A softer-than-expected U.S. personal-consumption expenditures reading released end-September likely tempered Fed rate-hike bets in October, Société Générale said.
IMF says bond markets are ‘orderly,' but gold's resilience says something else
If rising bond yields around the world aren't really a problem, why is the International Monetary Fund talking about them?
Wall Street on the brink of bearish majority after gold's post-payrolls slide, Main Street abandons bullish bias as metals test support
Gold prices fell sharply this week as early pressure from rising Treasury yields, a stronger U.S. dollar, and renewed Fed rate-hike expectations overwhelmed safe-haven demand, and even Friday's weak payrolls report couldn't deliver a sustainable boost.
Gold bulls disappointed as weak jobs report fails to spark rally, $4,000 support looms
Early morning optimism turned into disappointment among gold investors, as prices were unable to hold on to their initial gains following weak U.S. employment data.
Metals give back jobs-report bounce as oil, yields stay elevated - Kitco PM Report
Spot gold and silver prices were lower in late U.S. trading Friday, as a weaker-than-expected U.S. payrolls report cut October Fed-hike odds but failed to break the broader pressure from elevated Treasury yields, a firm dollar and lingering oil-market risk. At the time of writing, spot gold was trading near $4,142.00 an ounce, down 0.83% on the session, while spot silver was trading near $60.230, down 1.04%.
Gold, silver rise as weak payrolls cut Fed-hike odds - Kitco AM Report
Spot gold and silver prices are firmer in early U.S. trading Friday, as a weaker-than-expected U.S. employment report pulled Treasury yields lower, trimmed October Fed-hike expectations and added to safe-haven demand while Strait of Hormuz risk kept energy inflation in view. At the time of writing, spot gold was trading near $4,216.80 an ounce, up 0.96%, while spot silver was trading at $61.750, up 1.45% on the session.
Gold prices see sold bid as U.S. economy created 29k jobs in September
The gold market is seeing solid bullish momentum on renewed safe-haven demand as the U.S. labor market saw significantly slower growth in September.
Gold Falls; U.S. Dollar, Yields Key Obstacles for Price Gain
Gold fell. The dollar and Treasury yields were currently the main obstacles to gold returning to its broader bullish path, said XS.com.
Gold holds firm despite elevated yields as Fed bets soften - Kitco PM Report
Spot gold and silver prices were firmer in late U.S. trading Thursday, as bullion found support from easing October Federal Reserve rate-hike expectations while elevated Treasury yields and a firm U.S. dollar continued to limit upside.
Gold's selloff creates a tactical buying opportunity, but Carley Garner says she's still bearish at $4,500
Gold investors battered by the latest selloff could see some relief through October, as one market strategist sees an opportunity for a tactical bullish trade even though she remains bearish on the precious metal's longer-term outlook.
Risks rising that gold prices fall below $4,000 in Q4 - Bank of America
Gold prices have managed to hold their ground in the face of surging bond yields and rising interest rate expectations, but one bank expects the current headwinds will eventually prove to be too much for the precious metal.
