U.S. Producer Price Index Rises 0.6% During January
U.S. producer prices for finished goods rose by a seasonally adjusted 0.6% in January, the government said. Comex April gold pared its gain modestly, still trading up $7.90 to $1,233.70 an ounce.
Read moreCIBC: Yellen Makes ‘Nod’ To Tightening But Takes ‘Middle Of The Road’
Federal Reserve Chair Janet Yellen tried to “walk down the middle of the road” although her prepared remarks to a Senate panel Tuesday morning at least hinted at further tightening of monetary policy
Gold Up On More Safe-Haven Demand; Yellen On Deck
Gold prices are higher in early U.S. trading Tuesday, on some more safe-haven demand and as traders stepped in to buy the recent dip amid a still-bullish near-term technical picture.
Read moreGold Prices Pare Morning’s Loss
Although gold continues to trade under pressure as we go into the close of Monday’s trading session, prices have recovered from this morning’s lows.
Moving at the Speed of Trump
Love him or hate him, the undeniable fact is that President Donald Trump has quickly begun to sanction policies in order to actualize his vision of America’s future.
Gold in Yen Higher Than USD As Trump, Abe Meet
Gold prices moved higher leading into President Donald Trump and Japanese Prime Minister Shinzo Abe’s press conference on Friday, especially gold priced in Japanese yen.
Dr. Copper Signals Rising Inflation Ahead
Performance numbers don’t lie. Through the first five weeks of 2017, returns in the metals arena are running laps around those in the stock and bond markets.
Read moreGold Market To Take Cue From Trump, Yellen, Economic Data
Political developments, congressional appearances by Federal Reserve Chair Janet Yellen and a heavy slate of U.S. economic data will be on the radar for gold traders next week.
Read moreMain St., Wall St. Call For Gold To Extend Rally
Main Street and Wall Street alike look for gold’s 2017 rally to continue next week, according to the Kitco News gold survey.
Equity Surge Hits The Metals
Metals were hit hard yesterday, as the dollar surged along with equity prices on President Trump’s announcement that a major tax reform package would be presented within weeks.