Lower Negative Interest Rates A Possibility – ECB’s Mario Draghi Source: Kitco

Sales of previously owned U.S. homes rose by 4.7% in September to a seasonally adjusted and annualized pace of 5.55 million, according to a report Thursday from the National Association of Realtors. Source: Kitco

Freeport-McMoRan Inc. (NYSE: FCX) reports a third-quarter net loss of $3.8 billion, or $3.58 per share, compared with a net profit of $552 million, or 53 cents a share, in the same period of 2014. Source: Kitco

Gold Weaker in Early U.S. Trading

Thursday, 22 October 2015 by

Gold prices are trading modestly lower in early U.S. dealings Thursday. This week’s better performance of the U.S. Source: Kitco

First-time weekly jobless claims in the U.S. rose by 3,000 to a seasonally adjusted 259,000 during the week to Saturday, the Labor Department said Thursday. Source: Kitco

The mood at this week’s London Bullion Market Association conference was “notably subdued,” says UBS. Source: Kitco

As was widely expected, the Governing Council of the European Central Bank left interest rates unchanged Thursday. Source: Kitco

ECB Meeting In Focus Thursday

Thursday, 22 October 2015 by

Gold prices are near steady in preopening U.S. trading. Source: Kitco

Gold seemed ready to stand its ground overnight but then crude oil, a bearish outside market, tumbled and helped drag gold down. Source: Kitco

Gold prices ended the U.S. day session lower on some profit-taking pressure Wednesday, following recent gains. Source: Kitco