U.S. Orders Of Durable Goods Fall By 0.4% During December
U.S. orders for durable goods fell by 0.4% during December, the Commerce Department reported Friday. This fell short of expectations.
Read moreHSBC: Gold Becoming ‘Inured’ To Trump Announcements In Near Term
Gold may becoming slightly inured to President Donald Trump’s announcements near term, HSBC analysts say, but adding that they see his policies as bullish for gold in the longer term.
Equities Continue to Rally as Gold Continues to Fall
For the second day in a row the Dow Jones Industrial Average has closed above 20,000. Gaining roughly 29 points in today’s trading, the Dow is currently trading at 20,097, a fractional gain on the day.
Gold Down, Hits 2-Week Low, Amid Soaring Stock Markets
Gold prices ended the U.S. day session lower and hit a two-week low Thursday.
Read moreToo Soon For Investors To Ignore Gold – BlackRock
Inflation is coming a lot quicker than investor think and gold may prove to be a solid asset for investor portfolios, this was the message from the world’s largest asset management firm.
Palladium: “Violent, Stunning, Historic Collapse” – Gartman
Wednesday saw the worst trading day for palladium in a decade and well-known market watcher Dennis Gartman was quick to sum it up as a “violent, stunning, egregious, amazing historic collapse,” in his latest newsletter.
Gold Remains Down Despite 10% Drop In December New Home Sales
(Kitco News) -The gold market continues to remain under pressure, unable to attract investors following fewer-than expected U.S. consumers bought homes last month.
Read moreAnglo American Platinum: Mine Output Rises; Refined Output Down
Anglo American Platinum Ltd., the world’s largest primary platinum producer, reports that fourth-quarter output of the metal rose 2% year-on-year to 610,100 ounces.
Gold Remains Under Pressure Despite 22K Rise In Weekly Jobless Claims
(Kitco News) – Gold prices are unable to build significant momentum despite the latest data from the U.S. Labor Department showing that initial weekly U.S. jobless claims rose by 22,000 claims to a seasonally adjusted 259,000 in the week to Saturday. …
Read moreMetals Remain Under Pressure
The dollar moves higher overnight on continued buying of US equities. With today’s options expiries, there is a possibility to see the $1,200 print, but unless the dollar reverses, along with the equity market