Gold Drifts Lower, Near Daily Low, On Chart-Based Selling
Gold prices are under modest follow-through selling pressure from Tuesday’s losses in late-morning trading Wednesday.
Read moreCPM Group: CUSIP Identifiers ‘Significant Step’ For Precious-Metal Sector
CPM Group says the first-ever CUSIP identifiers for precious metals are a “significant step” for the market.
Gold Unchanged Following August Durable Goods Numbers
(Kitco News) – The gold market is holding its ground Wednesday with prices remaining in slightly negative territory, following a modestly better than expected reading in U.S. durable goods numbers.
Read moreBBH: Correlation Between Gold, S&P Turns Positive
The correlation between gold and the S&P 500 turned positive over the last week for the first time since the start of the year, says Brown Brothers Harriman.
Gold Near Steady; Fresh Market Inputs Awaited
Gold prices are trading around unchanged in quieter early U.S. action Wednesday.
Read moreSilver Receiving Attention
Gold continues to be supported at the $1,322 area, with silver finding new buying interest as it flirted with the $19 handle overnight
Read moreOPEC Meeting In Focus At Mid-Week
(Kitco News) – Asian stock markets were mostly lower Wednesday, led by the Japanese Nikkei stock index. Banking and energy stocks in Japan led the declines.
Debate Aftermath, Oil and Deutsch Bank Lean On Markets
The general assessment of at least the markets is that Hillary Clinton “won” last night’s debate. That sent the U.S. dollar higher and gold prices lower. It also helped equities rise, although there the story is more nuanced.
Gold Sells Off Amid Bearish Outside Markets, Better Risk Appetite
Gold prices ended the U.S. day session solidly lower Tuesday, following Monday evening’s U.S. presidential debate between Hillary Clinton and Donald Trump that saw Clinton win the contest, most market watchers reckoned.
Yellen Could Resign Following Trump Presidential Victory – Capital Economics
(Kitco News) -The results of the U.S. election could create some uncertainty for the Federal Reserve at a crucial moment, as one research firm sees the possibility of Fed Chair Janet Yellen stepping down if Republican Candidate Donald Trump wins.
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