Asian Stocks Boosted By New IPhone; Russia Cuts Interest Rate
(Kitco News) – World stock markets were mixed overnight. Asia stock markets were higher,
Flotilla of Soft Data Affects Gold and Stocks Differently
We were treated not to just a raft of soft U.S. data but a flotilla of it. Initial jobless claims were steady, representing the only positive news on the day.
Read moreSignificant Upside In Gold ‘Less Likely’ – Nouriel Roubini
Kitco News’ general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read moreGold Has No Reason To Fear The Fed – Strategist
(Kitco News) – Gold has struggled to hold recent gains because of shifting interest rates expectations, but one market strategist warns that investors are focusing too much attention on interest rates while ignoring the bigger picture.
Read moreTrump Highlights Americanism, Low Taxes And Reform In NY Economic Speech
(Kitco News) – Putting American first with low taxes and no new federal regulations and new trade deals will bring back millions of jobs and boost economic growth, according to Republican presidential candidate Donald Trump.
Read moreGold Down Following Mixed Bag Of U.S. Economic Data
Gold prices ended the U.S. day session moderately lower Thursday. After trading near steady overnight, the precious metal came under selling pressure following a batch of U.S. economic data released Thursday morning. December gold was last down $7.70 …
Read moreA Fed Rate Hike Would Be A Mistake – VanEck
Expectations for a September rate hike has fallen dramatically, with markets pricing in only a 12% chance of a move next week, but one analyst argues that it could be a mistake for the U.S. central bank to hike rates at any point this year as U.S. eco…
Read moreCME To Launch Gold/Silver Ratio, and Spread Contracts Next Month
(Kitco News) – Unprecedented investor demand for gold has driven ratios and spreads in the precious metals market to multi-year highs and the CME Group is hoping to capitalize on this new interest with three new futures product.
Read moreGold Prices See Some Selling Pressure After Several U.S. Economic Reports
Gold prices are moderately lower in mid-morning U.S. trading Thursday.
Read moreGold Remains Flat After Massive U.S. Economic Data Dump
(Kitco News) -A rise in gold prices was short lived as prices are now relatively flat on the day following the release of a glut of U.S. economic data.
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