Gold Trading Lower on Positive US Data, Gold Stocks to Watch: KGC, ABX, AUY, GSS, AUQ, EGO, GG

Gold prices are falling today as positive US data has some investors wondering about the scope of the latest stimulus from the Fed. A couple of pieces of data from the retail sector is what is causing investors to wonder about the latest round of QE. Retail sales jumped in September and comes on the heels of consumer confidence hitting a five year high.

Spot gold prices are currently trading down $19.10 at $1,735.20. Let’s take a look at how the biggest gold stocks are reacting to today’s gold price action. [Read more...]

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