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Gold prices are starting 2015 on solid footing, holding above the key psychological area of $1,200, but Deutsche Bank analysts remain bearish on the yellow metal and expect to see more strong declines.
Read moreVolatility will be high in what should be an interesting year for gold prices as the market reacts to a variety of forces, according to Macquarie Research analysts.
Read moreBNP Paribas say that they now expect headline CPI inflation to be negative on an annual average basis in 2015. In a report released Thursday, analysts say they updated their inflation expectations for the year because of weaker crude oil and gasoline prices. However, weaker energy prices might not filter down to core prices, which strip out volatile energy and food prices. “We still expect the energy price shock to have only transitory effects and limited pass through into core, though we will be re-evaluating that assumption over time,” they say. “Our forecast assumes household and business inflation expectations remain reasonably well-anchored.” Although the French bank expects weaker headline inflation, it is important to note that the Federal Reserve only looks at core inflation when determining monetary policy.
Read moreAfter Argonaut Gold Inc. (TSX:AR) released strong 2014 production results, Canadian bank CIBC likes what they see with the company’s cash cost guidance for 2015.
Read moreThere is little doubt among economists that the U.S. economy will remain strong and that the Federal Reserve will eventually raise interest rates, which is why some analysts are not expecting Friday’s December nonfarm payrolls report to have much impact on the market.
Read moreGold prices have pushed to moderately higher levels in late-morning trading Thursday. Short covering from the shorter-term futures traders and bargain-hunting buying interest in the cash market are featured activities.
Reports said Federal Reserve Bank…
(Kitco News) – First-time weekly jobless claims in the U.S. fell by 4,000 to a seasonally adjusted 294,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold prices are modestly lower in early U.S. trading Thursday
Read moreImagine a game of tug of war but with four opposing forces, four ropes and an indecisive referee. That sums up what we experienced today.
Read more(Kitco News) – Gold will continue to flow into India unobstructed as a government minister said on Wednesday there are no plans to impose any new curbs to imports.
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