Gold Sees Modest Corrective Bounce; FOMC Meeting In Focus
Gold prices are firmer in quieter early U.S. trading Wednesday on another mild short-covering and bargain-hunting rebound following recent declines. December Comex gold was last up $2.20 an ounce at $1,325.90. December Comex silver was last up $0.10 a…
Read moreVolatility Increases Ahead of Next Week’s Fed Announcement
Gold continues to waffle around as traders remain reluctant to establish new positions until the Fed meeting next week.
Read moreWorld Stock Markets Stabilize, Helped By Rebound In Crude Oil; FOMC In Focus
(Kitco News) – World stock markets were calmer Wednesday, following the selling pressure seen earlier this week.
Markets Catch the Jitters from FOMC Meeting Next Week
A week from today, the Federal Open Market Committee opens its September meeting. It will report out its action or inaction the next day (September 21). The jitters have begun yet again.
Read moreIs Gold Now The Elephant In The Room?
Where is the love for gold at the CNBC Delivering Alpha Investor Conference?
Read moreGold Steady; Bearish Outside Markets Offset Safe-Haven Demand
Gold prices ended the U.S. day session near steady levels Tuesday. Some safe-haven demand was countered by bearish “outside markets” that saw lower crude oil prices and a higher U.S. dollar index.
Gold Would Perform Well Under Trump Presidency – Gartman
Gold would do well under a Trump presidency because the metal likes confusion, said market commentator Dennis Gartman.
Read moreGold Caught Between Drop In Equities And Potential Rate Hikes – Analysts
(Kitco News) – Weaker U.S. equity is helping gold prices to stay in the green but hyper-sensitivity to U.S. interest rates expectations is keeping the yellow metal from seeing a bigger rally, according to some analysts.
Read moreGoldman Sachs Cuts Rate Hike Chances
Goldman Sachs has lowered the odds for a U.S. Fed rate hike next week to 25 percent from 40 percent.
Read moreYet Another Reason To Be Bullish Gold Right Now – Blackrock
(Kitco News) – As the gold market continues to hold onto strong gains for the year, the world’s biggest asset manager has found another reason investors shouldn’t give up on their their gold positions just yet.