BNP Paribas: USD Dollar Has Room To Move Higher, But Close To Fair Value
The U.S. dollar could see renewed buying momentum in the next few weeks on rising interest rate expectations, says analysts at BNP Paribas; however, they add that although there is some room to push higher, the greenback is relatively close to fair va…
Read moreGold Sees Follow-Through Strength From Friday’s Gains
Gold prices are moderately higher in early U.S. trading Tuesday, on short covering in the futures market and new buying interest in the cash, following the gains seen last Friday in the wake of a slightly downbeat U.S. employment report.
Read moreBuyers Beginning To Re-Engage
Metals continue to catch a bid as traders become more comfortable with the belief that the Fed will not move in September.
Read moreAsia, European Stock Markets Mostly Higher Tuesday; Central Bank Moves In Focus
(Kitco News) – World stock markets were mostly higher Tuesday, save for the U.K. FTSE, which dipped slightly.
Hedge Funds Drop Bullish Gold Bets To Two-Month Lows
(Kitco News) – Shifting interest rate expectations caused hedge funds to dump their bullish bets in gold and silver to a more than two-month low, according to the latest trade data from the Commodity Futures Trading Commission.
Read moreHoliday Re-Cap
Friday’s jobs data was neutral but boring enough to lessen the fear of a September rate hike by the Fed. As we mentioned, the number is more one of perception and the Fed is likely not watching the creation number but rather the flow-through on wage pressures.
Gold Pushes to Rally as Employment Data Disappoints
Gold Pushes to Rally as Employment Data Disappoints
Friday September 02, 2016 17:52
The big news today governing fundamentals was the fair-to-middling jobs report issued by the U.S. Department of Labor.
The Ego Has Landed…
This week, Donald Trump landed in Mexico, a country that has been at the focal point of his attacks.
Read moreWeak Jobs Report Builds Bullish Sentiment on Wall, Main St.
Wall Street’s gold sentiment seems to have taken a 180-degree turn, with a majority of analysts now expecting prices to move higher next week after the release of data Friday showing U.S. employment grew less than expected.
Gold Traders To Stay Focused On Fed After Softer Jobs Data
Although the highly anticipated monthly U.S. jobs report might be out of the way, that doesn’t mean the gold market is completely done fretting over when to expect another rate hike by the Federal Reserve.