Standard Chartered Sees Post-FOMC Bounce For Gold
Standard Chartered expects a bounce in gold prices once this month’s meeting of the U.S. Federal Open Market Committee is history.
Gold Loses Steam As U.S. Dollar Index Erases Losses
Gold prices in late-morning U.S. trading have lost most of their good early gains.
Read moreGlobal ETF Holdings Decline By 40 Tonnes In August – WGC
Holdings of gold by global exchange-traded funds and similar products fell by 40 tonnes during August, the World Gold Council reported Thursday.
Read moreGold Remains Higher After U.S. Factory Orders Fall In July
Gold remained stronger after the Commerce Department reported Thursday that U.S. factory fell by 0.8% to $497.8 billion in July. Comex December gold was last up $9.60 at $1,210.90.
Read moreGold Prices Edge Down As ISM Non-Manufacturing PMI Beats Expectations
Gold prices edged down slightly but remained near daily highs after momentum in the service sector beat expectations in August, according to the latest data from the Institute of Supply Management (ISM).
Read moreBitcoin Daily Chart Alert – Prices Tumble, Bears Back In Command
Bitcoin-U.S. dollar prices are sharply lower Thursday morning.
Read moreGold Up Amid Weaker USDX, ADP Jobs Data, And Some Safe-Haven Demand
Gold and silver prices are higher in early U.S. trading Thursday.
Read moreU.S. Jobless Claims Fall To Lowest Level Since 1969
Labor Department data Thursday showed that initial weekly U.S. jobless claims fell by 10,000 to a seasonally adjusted 203,000 in the week to Saturday. This was the lowest tally since December 1969, the Labor Department said.
Read moreGold Prices Tick Up As ADP Reports 163K Private Sector Jobs Were Added In August
Gold saw some support after private-payrolls processor ADP reported lower-than-expected job numbers for August.
Read more‘Win-Win Situation’ For Gold Is Forming — ScotiaMocatta
With the U.S. dollar stealing the safe-haven status from gold this summer, a potential “win-win situation” for the precious metal could be just around the corner, according to the ScotiaMocatta bank.