REFILE: Significant Upside In Gold ‘Less Likely’ – Nouriel Roubini
Although gold prices didn’t actually hit $1,000 as one famed economist predicted, he continues to remain bearish on the yellow metal.
Gold Traders To Eyeball Data For Next Fed Move
Now that markets assume there won’t be any Federal Reserve rate hikes until December at the earliest, gold traders will be on the lookout next week to see whether upcoming economic data leaves policymakers afraid to act once again as the year winds down.
Wall, Main Street See Gold Building On Post-Fed Rally — Survey
Wall Street and Main Street both look for gold to keep building on this week’s gains that occurred after the Federal Open Market Committee left U.S. interest rates unchanged.
Gold Prices Ignore Weaker Preliminary Manufacturing Data
Gold Prices are unchanged Friday after the preliminary data highlighted further weakness in the manufacturing sector.
Read moreNichols: Gold Entering Phase With Support Coming From Non-Fed Factors
Veteran gold analyst Jeffrey Nichols looks for the precious metal to enter a new phase in which Federal Reserve monetary policy becomes less important and the yellow metal derives support from Asian physical demand and a faltering U.S. economy.
Read moreMetanor Resources Aims For 2017 Startup Of Barry Project After PEA
Ghislain Morin, president and chief executive officer Metanor Resources Inc. (TSXV: MTO), says the company so far is aiming for startup of the Barry gold project in Canada next summer after a “positive” preliminary economic assessment.
Gold, Silver Prices Back Off On Some Profit Taking
Gold and silver markets are slightly lower in early U.S. trading Friday. Some mild profit taking is featured, along with some technical chart consolidation, following a week of good price gains in the precious metals.
Read moreGlobal Stock Indexes See Mild Profit Taking Friday; Other Markets Stable
World stock markets on Friday saw some mild profit-taking pressure from recent gains. Weaker crude oil prices Friday also limited buying interest in global equities.
Read moreGold And Silver Work To Hold Gains In Face Of Post-Fed Equities Rally
If there is any doubt that the United States Federal Reserve is the big dog among central banks, behold the aftermath of yesterday’s decision to hold interest rates steady until the next meeting (at least).
Gold, Silver Boosted By Dovish Central Banks, Slumping U.S. Dollar
Gold and silver markets saw good follow-through buying interest Thursday, following solid gains Wednesday that came in the aftermath of central bank meetings in Japan and the U.S. that were deemed dovish on their monetary policies.
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