Gold Weaker on Chart Consolidation After Recent Gains; Fear Limits Downside

Gold futures prices ended the U.S. day session moderately lower Thursday, on some backing and filling on the charts after prices Wednesday hit a five-week high. However, the keen trader and investor anxiety in the world market place did limit selling …

Morgan Stanley Becomes LBMA Market Maker

Morgan Stanley & Co. International Plc was reclassified as a spot and options market-making member of the London Bullion Market Association, effective Thursday, the LBMA says. “In order to qualify as a LBMA market maker, a company must offer two-way quotations in both gold and silver to the other market makers throughout the London business day,” the LBMA explains. “Reclassification is the responsibility of the LBMA management committee. In deciding on the issue of reclassification, the committee takes account of the views of the other market makers on the performance of the candidate company during an approximately three-month probationary period.” The LBMA says total membership stands at 146, consisting of 13 market-making members, 58 ordinary members, 69 associates and six affiliate members.

Financial Markets ‘Dramatically’ Scale Back Expectations For Future Fed Tightening

Financial-futures markets have significantly scaled back expectations for how fast the Federal Open Market Committee will eventually hike interest rates, say economists and market participants.

CME Group Sets Record Trading Volume Of 39.6 Mln Contracts Wednesday; Up 47% Over Previous Level

(Kitco News) – CME Group’s 39.6 million contracts traded Wednesday set a record for volume, shattering the previous record by 47%, the exchange said Thursday.

Shareholder Issues Still Loom Over Turquoise Hill’s Oyu Tolgoi Mine – CIBC

Turquoise Hill Resources Ltd. (TSX:TRQ) and the Mongolian government still have to find a solution with the ongoing shareholder matters, which have now sailed past the Sept. 30 expiration date for Oyu Tolgoi’s finance lender commitments, according to CIBC.

Gold Sees Profit-Taking While Stocks Try To Rebound

Gold is weaker on profit taking, but some equity market markets are attempting to claw back a few of the gains they’ve lost this week.

Central Bank Buying 2009-2014: Then And Now

Looking back over the past five years, one of the key themes that has dominated global central
bank’s behavior towards gold is the firm shift from selling gold to buying the yellow metal.

Thursday’s Forex Analytical Charts

Thursday’s Analytical Charts for Gold, Silver and Platinum and Palladium

How Has The Federal Reserve Impacted Gold Since 2009?

(Kitco News) – The last five years will be forever marked on the history books with some of the most innovative, aggressive and controversial actions by the U.S. Federal Reserve ever.