Fed Communication: What Is It Good For? – Ben Bernanke
As markets intensify their focus towards the Federal Reserve’s next meeting in December — when most expect a rate hike to occur — and as more Fed officials come out of the woodworks commenting on the matter.
More Than $2 Billion Worth Of Gold Flows Out Of GLD In November
(Kitco News) – Speculation that President-elect Donald Trump can boost the U.S. economy with a massive fiscal plan has helped push U.S. bond yields to their highest level in more than a year, the U.S. dollar to a 13-year high and gold reserve in exchan…
Read moreGold Down On Crude Oil Sell-Off, Continued Investor Optimism
Gold prices were ending the U.S. day session modestly lower Tuesday. Sharply lower crude oil prices weighed on the raw commodity sector, including the precious metals markets, today.
Read moreBullish Gold Positions Fall To Early March Levels
(Kitco News) – Hedge funds and money managers continue to liquidate their long gold positions, albeit at a slower pace than in previous weeks.
Gold Prices Shrug Off Strong Rise In U.S. Consumer Confidence
(Kitco News) – Gold prices remain under pressure but showed little reaction following a stronger-than-expected rise in U.S. consumer confidence.
Read moreCommerzbank: Gold ETFs Post 12th Straight Outflow
Global exchange-traded-fund holdings have now fallen for 12 business days in a row, reports Commerzbank.
Read moreRoyal Mint, CME Group To Offer Blockchain Gold Platform
The U.K.’s Royal Mint and exchange operator CME Group are collaborating to create a blockchain-based digitized gold-trading platform meant to cut the cost of trading the precious metal, the two entities announced Tuesday.
Gold Under Pressure Following 3.2% Rise In Third Quarter GDP
(Kitco News) – Gold prices remain under pressure after data showed the U.S. economic growth picked up more momentum than expected in the third quarter.
Read moreGold Down Amid Bearish Outside Markets, Charts
Gold prices are lower in early U.S. trading Tuesday.
Read moreGold Gives Back Against A Rising Dollar Overnight
The dollar regained some footing overnight, gaining about 1% against the yen, which took the edge off gold’s recent bounce.