Global Stocks, Wall Street Mixed as Dollar Gains, Apple Surprises
Global stocks traded mixed Wednesday as investors continued to adopt a cautious stance amid rising commodity prices and a surging U.S. dollar even as corporate profits, particularly in the tech sector continue to impress in a record earnings season.
Read moreChina Confiscates 600 Computers For Mining Bitcoin
Chinese authorities seized 600 computers used to mine bitcoin after a massive power surge was noticed in the local grid, according to media reports.
Read moreGold To Hit $1,800, ‘Overvalued’ Stock Market To Crash – Billionaire
Keeping most of your wealth in the stock market might not be a good idea, according to one Egyptian billionaire, who invested half of his $5.7 billion net worth into gold believing that prices could rise to $1,800 on “overvalued” stock market.
Gold Prices Need To Hold $1,280 As U.S. Dollar Moves Higher – Saxo Bank
(Kitco News) – The gold market, which is trading at a four-month low is entirely at the mercy of the U.S. dollar, which is seeing a surge in momentum, pushing to a four-month high, according to one commodity analyst.
Read moreGold, Silver Punished By Powerful Greenback Gains
Gold and silver prices are solidly down and have dropped to 4.5-month lows in early-afternoon U.S. trading Tuesday.
Read moreGold Drops Farther, Bears Flirting With $1,300 Mark
The gold market is seeing strong selling pressure in late-morning price action Tuesday.
Read moreLBMA: Gold, Silver Ounces Transferred Daily Declines In March
The amount of gold and silver transferred between accounts of London Bullion Market Association members fell during March, the organization reported Tuesday.
Read moreGoldman Sachs: Silver To Remain Soft Relative To Rising Gold
Goldman Sachs analysts do not look for silver to gain ground on gold in the coming months, even though they are bullish on gold itself.
Read moreGold Remains Under Pressure Despite Disappointing ISM Numbers
(Kitco News) – Gold prices continue to hover near a four-month low even as momentum in the manufacturing sector continues to fade, according to the latest data from the Institute for Supply Management (ISM).
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