Gold Sees Corrective Pullback from Friday’s Gains

Gold prices are modestly lower in early U.S. trading Monday, on a technical correction from gains seen Friday.

Gold To Be Volatile In Big Data Week Ending With Nonfarm Payrolls – Analysts

(Kitco News) – Gold prices surged higher in the North American session late Friday to end the week in modestly negative territory. Analysts said they are expecting more volatility as markets adjust to U.S. monetary policy expectations and geopolitical uncertainty.

Europe On Its Heels, Gold Headed To $1,400/oz In 2015 – Capital Economics

Although gold prices have retreated from mid-month gains, one UK-based research firm noted that the metal has managed to gain about 7% year-to-date, and it expects prices to be boosted further by uncertainty surrounding Europe.

We’re Not In A Currency War – BBH

Following an eventful month in monetary and forex policy, Brown Brothers Harriman says, based on a summary of the many central bank policy changes in January, that this is a race to lower rates, “not a currency war.” The report notes that unlike a true currency war, which is a ‘zero sum game,’ lowering interest rates boosts demand and thus not a zero-sum game. “In addition, currency weakness is not uniformly welcome among countries with an easing bias – some because of high inflation problems, other because of financial stability concerns,” it adds. BBH analysts also say that the rate moves made in January are not enough to explain the currency performance in certain countries. “India unexpectedly cuts rates, but the currency appreciated. On the other hand, the currencies of Canada and Egypt fell 7.5% and 6%, respectively, in the wake of their surprise cuts. Three of the five countries that hiked rates in January had a weaker currency afterward. And the move in the Swiss franc was a different case, of course,” they say, adding that they expect more countries to ease monetary policy in the coming months. “History may prove that many of these surprise rate cuts were premature, especially if currencies continue to weaken – Turkey and Russia are good examples.”

LBMA Panel: Gold To Trade Flat, Palladium To Outperform In 2015

(Kitco News) – The London Bullion Market Association (LBMA) rounded up a panel of experts to forecast precious metal prices in 2015 -and while prospects may be neutral for gold they are bullish for silver, platinum and palladium.

Shake Shack Shakes Up Wall Street

Wall Street is apparently craving burgers. The hamburger chain Shake Shack priced shares above an increased range, raising $105 million in its initial public offering as shares began trading Friday. In a statement Thursday, Shake Shack said it sold 5 …

Gold Sees Corrective Bounce From Solid Losses Posted Thursday

Gold prices are higher in early U.S. trading Friday, on a technical rebound and some bargain hunting following the selling pressure seen Thursday.

Advance U.S. GDP Rises 2.6% In The Fourth Quarter

(Kitco News) – The U.S. economy ended 2014 weaker-than-expected, according to the Department of Commerce’s advanced fourth-quarter gross domestic product data.

Want A Strong S&P 500 Return? Then Root For The Seahawks This Sunday

(Kitco News) – If you’re vested in the S&P 500 and have absolutely no interest in football, you’ll be a bandwagon Seattle Seahawks fan come Super Bowl Sunday.

Misinformation Follows Us like A Plague

A small bit of U.S. greenback strength nicked a dollar off gold today

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