Ignore the Fed Hype, Gold Prices To Rise – Gerald Celente
The way market participants are pricing in U.S. rate hikes seems to be following a similar pattern as it did in June, according to one longtime trend forecaster, and if history repeats itself, gold stands to gain.
Read moreGold, Silver Back Off On Profit Taking; Beige Book A Non-Event
(Kitco News) – Gold and silver prices ended the U.S. day session weaker Wednesday, on some profit taking from recent gains that pushed both metals to a three-week high overnight.
‘Flash Boys’ Looking To Create Gold Exchange
(Kitco News) -The $5 trillion gold market is becoming a lot more competitive with the protagonists behind Michael Lewis’ blockbuster book “Flash Boys: A Wall Street Revolt,” announcing that it is working on developing an electronic gold exchange.
Gold At Important Technical Levels, Analysts Warn Of Renewed Selling Pressure
(Kitco News) – Gold prices have rallied more than $50 since bouncing off last week’s lows; however, some analysts are warning that despite the recent gains the prices are facing heavy technical resistance.
How To Play The Fed’s Rate Hike Bluff – Jim Grant
The Fed is bluffing, and no matter what happens with interest rates, it might be best for investors to stick with gold, this according to one widely known Fed critic and Wall Street pundit.
Read moreGold Pushes Higher Against Loonie Despite Optimistic BOC
(Kitco News) -Gold priced in Canadian dollars spiked higher Wednesday, despite some hawkish comments from the Bank of Canada.
Read moreSaudis To Slash $20B In Projects To Close Budget Gap
In a bid to reduce the budget deficit that has been growing as crude prices have been falling, Saudi Arabia may cancel projects worth over US$20 billion, Bloomberg reported on Tuesday, citing people familiar with the plans.
Read moreGold Pauses After Recent Solid Gains; ECB Meeting On Deck
(Kitco News) – Gold prices are slightly lower in early U.S. trading Wednesday, as the market takes a breather following the recent solid gains that drove prices to a three-week high overnight
Gold Jumps As Pundits Dismiss September Rate Hike… For Now
(Kitco News) – U.S. economic strength continued to disappoint with data, released Tuesday, showing U.S. service sector activity was the weakest in over six years.
Read moreGold sputters after hitting three-week high
Gold futures were trading little changed Wednesday after logging their highest settlement in nearly three weeks a day earlier as investors pared expectations for how aggressively the Federal Reserve would move to increase interest rates.
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