Gold At 3-Week High Amid Assault On Greenback
Gold prices are moderately up and scored a three-week high in early U.S. trading Friday.
Read moreLaSalle’s Nedoss: Gold ‘Looks Like It’s Turned Around’ On Technical Charts
Charlie Nedoss, senior market strategist with LaSalle Futures Group, points out that a number of technical-chart factors suggest strength in Comex gold.
Read moreHoneywell tops sales and profit estimates, raises full-year sales outlook
Aerospace and defence giant Honeywell International Inc. HON, -0.88% said Friday it had net income of $1.39 billion, or $1.80 a share, in the second quarter, up from $1.319 billion, or $1.70 a share, in the year-earlier period. Sales rose to $10.08 billion from $9.99 billion. The FactSet consensus was for EPS of $1.78 and sales of $9.88 billion. “Earnings came in at the high end of our guidance range, up 10% year-over-year,” Chief Executive Darius Adamczyk said in a statement. “We continued our investments to enhance future profitable growth through new product introductions, additions to the sales organization, and more than $115 million of restructuring funding in the quarter, made possible by a lower-than-planned tax rate.” The company raised its full-year sales guidance to a range of $39.3 billion to $40.0 billion, compared with a current FactSet consensus of $39.4 billion. It raised its full-year EPS outlook to a arnge of $7.00 to $7.10, compared with a current FactSet consensus of $7.08. Shares were slightly lower premarket, but have gained 16.5% in 2017, while the S&P 500 has gained 10.5%.
Hackers Steal Staggering $32 Million In Ethereum
In a massive security breach on Wednesday, hackers got their hands on 153,000 units of cryptocurrency ethereum, worth around $32.6 million.
Read moreGold Hits 3-Wk High, Lifted By Dovish Draghi, Depreciating Dollar
Gold prices were ending the U.S. day session moderately higher and scored a three-week high Thursday.
Read moreGold Has Potential, Just Not Enough Potential – Technical Analyst
(Kitco News)Â – Itâ??s official, the gold market is in the summer doldrums with prices stuck smack in the middle of neutral territory, according to one technical analyst.
Gold Needs Stronger Wage Inflation To Break Current Channel – Ira Epstein
(Kitco News) – While gold has bounced off its recent four-week low, the market is still struggling to find momentum and one market strategist says this will continue as long as inflation remains muted.
Gold Pushes Higher As U.S. Dollar Sells Off Sharply
Gold prices are moderately higher and near the daily highs in late-morning action Thursday.
Read moreGold Moves Up From Daily Lows After Dovish Draghi And On Weakening Greenback
Gold prices are modestly lower and have moved well off the overnight lows, in morning New York trading Thursday.
Read moreDovish Draghi Comments Drive Gold Prices
European Central Bank President Mario Draghi confirmed asset purchases will continue at least through December, adding that a very substantial amount of stimulus is still needed.
Read more