Federal Reserve Mining News

Gold climbs on Trump Jr. emails with Russia

Gold spiked in Asian hours Wednesday, trading as high as $1,220.35 an ounce compared with a low of under $1,208 hit on Tuesday.

Hedge funds exit gold before Fed triggers worst rout in month

Prices fall as Fed raises rates, signals more to come. Investors exit SPDR Gold ETF at fastest pace this year.

Gold miners hammered by metal’s biggest one-day loss this month

Shares in most gold miners fell Monday as the precious metal price dropped more than 1% in early trading and was steadily heading to its largest single-session loss of the month.

Dollar knocks gold price below $1,200

A resilient dollar extended its rally thanks to strong US economic data that further made a Federal Reserve interest-rate increase next month as certain as death and taxes.

Gold to hit $3,000 by 2019 — expert at Dubai conference

“The big problem is that monetary policy is contagious and central bankers no longer have any bullets left," said precious metal expert Diego Parilla.

The US Fed has $300bn in gold, new book reveals

Jim Rickards' latest book "The New Case for Gold" reveals that the Fed is holding massive amounts of gold at Fort Knox and West Point.

Gold extends losses for third day, drops below $1,250 an ounce

As a result of a slightly higher dollar and investors’ decision to sell their recent gains for the precious metal.

Gold is trading at highest price in more than a year

Prices hit $1274.70 an ounce Friday morning, up 1% from their closing yesterday and their highest level since February 2015

Gold prices hit new session highs on strong US data

The metal has climbed about 16% this year in the face of tumbling equities and fears of a global economic slowdown.

Gold recovers, but still heading for third-straight year of losses

The last time the yellow metal dropped in value for three consecutive years was between 1996 and 1998, and experts say prices will fall even further.

Gold prices are collapsing on surprisingly strong US jobs data

Blame Fed Chair Janet Yellen, as she said earlier this week that a rate hike in December was a “live possibility” if the economy continued to perform well.

Gold stays near two-week low on US jobs data, public holiday

The precious metal price remained rooted in a very narrow range as trading volumes were limited Monday, a public holiday in the US and Canada.

China fresh sell-off sends commodities, markets to the pits

The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.

Latest positive US jobs report fails to affect flat gold price

Prices of the metal have been fallen in the second half of this year as the prospect of a rate rise, the first since 2006, would lift the opportunity cost of holding bullion.

Mining companies, regulators deathly silent after midnight raid on gold prices

Following a dramatic midnight raid on gold prices last week, Mike Gleason reached out to Chris Powell, Secretary Treasurer at the Gold Anti-Trust Action Committee to discuss possible gold price manipulation.

China’s biggest one-day stocks drop in eight years lifts gold prices

Monday’s was the biggest one-day decline in Chinese stocks since an 8.8% drop on Feb. 27, 2007.

Is Gold a Stupid "Pet Rock" or a Bedrock Asset?

Greece defaulted at the end of June, and metals investors expected higher prices in July. What we expected isn’t what we got. It isn’t the first or last time markets surprised investors. Do lower spot […]

Gold hit by Fed's Powell comments on rate hikes

Gold futures for August delivery declined for the third day Tuesday, hitting $1,177.30 an ounce in early trading on the Comex in New York.

Gold climbs on weaker dollar, rate outlook

Gold prices were up for the fourth straight session on Monday, hitting a fresh two-week high.

Gold down to 4-month low ahead of Fed Reserve meeting

The precious metal has lost over 8% so far this year.

Gold down on better-than-expected U.S. jobs report

Gold for April delivery on the Comex division of the New York Mercantile Exchange was last at $1,184.20 per ounce, or about $12 below where it was before the report was released.

The hidden perils of low interest rates

Late last year, with the U.S. economy experiencing falling unemployment and seemingly low inflation, observers were extremely confident that the Federal Reserve would move judiciously in 2015 to restore 'normal' interest rates sooner rather than later.

Doug Loud and Jeff Mosseri say gold will regain its shine in 2015

Money managers Doug Loud and Jeff Mosseri of Greystone Asset Management say that if we haven't seen the bottom, we will soon.

Gold down again, some miners selling at loss

Friday’s rally was just a brief break for the precious metal.

Is the gold bear market really over?

I have made no effort to hide the fact that I am very bullish of gold.  I am, after all, writing this for a site called GoldStockBull, and in fact my debut submission to the site was […]