Gold Stock Consolidation Continues in a Tight Range
(Kitco News) - The brief short covering respite in the safe haven metal this week reversed quickly after yesterdayâ??s U.S. Labor Department report said its Producer Price Index (PPI) rose 0.6% in March, following Februaryâ??s increase 0.1%.
Miners Continue to Price-In June Fed Rate Hike
(Kitco News) - The minutes from the last Federal Reserve policy meeting held on May 2-3rd were released this week on Wednesday, May 24th. The GDX Major Gold Miners Index Fund had been selling off into this release since last Wednesday, towards support at $22.