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Stock impact report

PRECIOUS-Gold prices edge down as strong U.S. data boosts rate rise view [Reuters]

Kinross Gold Corporation (KGC) 
Last kinross gold corporation earnings: 2/12 05:00 pm Check Earnings Report
Company Research Source: Reuters
PRECIOUS-Gold prices edge down as strong U.S. data boosts rate rise view | Reuters 3 Min Read BENGALURU, Oct 11 (Reuters) - Gold prices inched down on Thursday as robust U.S. data potentially bolstered the chances of multiple U.S. interest rate hikes over the next year. The declines came even as Wall Street suffered its worst drubbing in eight months. * Spot gold was down 0.2 percent at $1,192.41 an ounce at 0105 GMT. * U.S. gold futures were up 0.2 percent at $1,195.70 an ounce. * U.S. producer prices increased 0.2 percent in September, in line with expectations, while a revision to wholesale inventory estimates for August showed the biggest jump in nearly five years, beating forecasts. * Asian share markets sank on Thursday after the falls on Wall Street, a conflagration of wealth that could threaten business confidence and investment across the globe. * U.S. President Donald Trump said that Wednesday’s stock market sell-off was in fact a long-awaited “correction,” and that the Fede Show less Read more
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