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(Kitco News) – The manufacturing sector in the New York region appears to be hitting a soft patch as the latest data from the New York Federal Reserve showed that business conditions were softer than expected in February.
Read moreGold is moderately lower in early U.S. trading Tuesday.
Read morea short trading day, a stronger dollar and regular trading tussled for dominance
Read more(Kitco News) – With U.S. markets closed in recognition of Presidents’ Day, there is no reaction in the gold market to another breakdown in talks between Greece and its European creditors.
Read moreThe market for electronic devices keeps growing exponentially. Apple just announced the sale of their one billionth iOs device which comprises the iPhone and iPad.
Read moreGreece and its European creditors kicked off a second round of refunding negotiations, and, although analysts are expecting to see a last-minute deal made, it won’t happen just yet. Edward Meir, commodity consultant at INTL FCStone, says gold prices could end up trending lower as a result of potential agreement talk, but also warns that investors should expect to see volatility in the near-term. “This crisis is very much a fluid situation and so we would not necessarily advocate aggressively going short at this stage either,” he says.
Read moreThe gold market saw the biggest weekly decline in gross speculative long positions for the week ending Feb. 10, according to the latest data from the U.S. Commodity Futures Trading Commission.
Read more(Kitco News) – With U.S. markets closed on Monday, attention will be focused on Europe as Greece continues to work towards an agreement with its European creditors, and the uncertainty could be good for the gold market, said one British-based research…
Read moreWith no fundamental change in the U.S. or global economy, some analysts said the gold market will be paying more attention to the small details in what will be a shortened trading week.
Read moreAlthough the U.S. dollar has seen substantial inflows amid global uncertainty, one famed investor said the U.S. currency should not be where people seek refuge.
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