Gold Sharply Down, Other Markets Also Active, Heading Into U.S. Thanksgiving Holiday
As the U.S. markets opened for business Wednesday morning, many traders and market watchers were sipping their coffee and taking it easy
Read moreNomura Envisions Tighter Jobs Market, More Inflation From ‘Trump Effect’
Nomura looks for the labor market to tighten further and inflation to pick up from the “Trump effect” of the incoming U.S. administration, but then anticipates growth will slow as the impact from his trade and immigration policies kick in.
Surge In Durable Goods Orders Weighs On Gold Prices
(Kitco News) – Gold prices have fallen further into negative territory, dropping further below the key psychological support at $1,200 an ounce following stronger than expected manufacturing data.
Read moreU.S. Weekly Jobless Claims Rise 18,000 To 251,000
U.S. Weekly Jobless Claims Rise 18,000 To 251,000
Read moreGold Drops Below $1,200.00, Hits 9-Mo. Low, On Charts, Upbeat U.S. Data
Gold prices are solidly lower, hit a nine-month low and have fallen below key chart support at $1,200.00 in early U.S. trading Wednesday.
Read moreFreeport Completes $1.5 Billion Offering, Paying Off More Debt
Freeport-McMoRan Inc. (NYSE: FCX) announces the completion of an at-the-market offering of common stock announced in July
Read moreHeadwinds Continue To Hurt Gold
The gold market may be somewhat volatile today ahead of the Thanksgiving holiday.
Read moreCould Roubini Be Implying Higher Gold Under Trump Regime?
(Kitco News) – With the focus now on President-elect Donald Trump and his policy proposal, one well-known economist and gold bear says his actions may actually work in the metal’s favor.
The “Tru-ally” Affect – DJIA Breaks 19,000 and Gold Prices Remain Steady
Inasmuch as there is true uncertainty as a new US president takes office on January 20, the “Tru-ally” affect (Trump Rally) continues to add short-term optimism to US equities markets.
Midas Touch in Russia? Scientists Turning Coal Into Gold
(Kitco News) – It’s not quiet turning lead into gold but modern day Russian alchemists have found a way to turn coal into gold.