Hecla Mining Co. (NYSE: HL) said Tuesday that silver production dipped in the third quarter but gold output was up, with “strong, consistent” silver output at the Greens Creek Mine in Alaska but lower production at Lucky Friday in Idaho due to lower grades and mechanical issues that have been resolved. Source: Kitco

U.S. housing starts rose 6.5% in September to a seasonally adjusted annual rate of 1.21 million units, the Commerce Department said Tuesday. Source: Kitco

Gold prices are trading steady to slightly higher in a quieter marketplace Tuesday. More chart consolidation is featured after the market hit a 3.5-month high last week. Source: Kitco

Swiss trade data on gold exports portend higher imports for China, says Commerzbank. Source: Kitco

OPEC Meets This Week

Tuesday, 20 October 2015 by

Gold prices Are firmer in early U.S. trading, on a bounce from the very recent selling pressure. Source: Kitco

Yet another factor came into play today in all markets. China data (which may be discounted by 30 to 50%) seemed weak today. It reflects the continuing slowdown in that enormous country. Source: Kitco

Gold prices ended an uneventful day session moderately lower Monday, on some more profit taking from the shorter-term traders and on chart consolidation after the market hit a 3.5-month high last week. Source: Kitco

Commerzbank looks for gold to average $1,150 an ounce in the fourth quarter and rise to $1,200 in the first two quarters of 2016, suggesting that sustained price rises may not occur until uncertainty about the first U.S. interest-rate hike goes away. Source: Kitco

Most of the senior gold-mining companies should be able to report free cash flow in upcoming earnings reports, says BMO Capital Markets. Earnings season for these companies begins Oct. 28. Source: Kitco

The gold market slid lower in overnight and early trading Monday, pressured in part by moderate strength in the U.S. dollar. Fundamentally and technically, the U.S. dollar is poised for potential near-term gains, which in turn could weigh moderately on the gold market. Source: Kitco

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