Gold technical's are looking positive heading into the US session
(Kitco News) - Gold futures are trading 0.16% higher heading into the US open and there has not been too much news flow in the EU session.
The strong Australian mining sector has helped the nations unemployment rate stay firm
(Kitco News) - Australian mining firms help deliver job gains in Australia. On 18th February The Australian unemployment rate for Jan fell to 6.4% vs the analyst consensus of 6.5% and the prior reading of 6.6%.
Gold and silver are again mixed leading into the EU open
(Kitco News) - Gold and silver are once again mixed at the EU open. Gold has pushed 0.10% higher to tra7371.de near $1807/oz while silver is trading just under flat.
Anglo American has to close Moranbah North mine due to a gas threat
(Kitco News) - Anglo American (AAL:LSE) has had to evacuate its workforce from the Moranbah North coal mine in Queensland due to rising gas levels behind the mines longwall.
Index futures sell-off led by tech sector underperformance
(Kitco News) - The Dax 4-hour futures chart below shows the extent of the sell-off in the European session this morning and it now trades over 2% lower.
Gold and silver are mixed heading into the EU session
(Kitco News) - Gold and silver moved into the EU session mixed as the yellow metal just holds its head above water to trade at $1809/oz. After a decent session yesterday where silver pushed over 3% higher this morning the precious metal has dropped just 0.28%.
Gold futures bounce off a nice technical support area
(Kitco News) - Last week it was highlighted that the consolidation low near $1767.2/oz was an important support level to watch. Since then the price of the yellow metal has bounced and moved back to the upside but the pressure is still on.
Russia boosts it's gold holdings
(Kitco News) - Russia's FX holdings increased to a total of $591.5 billion (February 12) according to the latest data released by the countrys central bank shows. This means the weekly growth amounted to $5.4 billion or 0.9 percent.
Gold and silver have pushed higher heading into the EU session
(Kitco News) - On the first trading day of the week, gold and silver have moved higher leading into the EU open. The yellow metal continues its bounce from the consolidation low of $1764.73/oz that it printed slightly below last week. Silver has once again moved above the $27/oz handle to trade 0.60% higher overnight.
The UK round off good manufacturing PMI's in the EU session
(Kitco News) - To round of the good European session manufacturing PMI numbers, UK preliminary manufacturing PMI for February printed at 54.9 vs the median analyst consensus of 53.1 (prev 54.1). So a good beat on expectations and also above last months number.
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