Buyers 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.
Why Is Gold Not At $2,000/oz? – Macquarie
Although gold has had an impressive run so far in 2016, up about 24% year to date, analysts at Macquarie Research say the metal is still far from its 2011 peak, which when adjusted for inflation, would put gold at $2,000 an ounce.
Read moreThe Real Reason Gold Is Up 25% In 2016
Precious metals are a top performing asset in 2016. Here is a quick snapshot of gold and silver performance versus other major asset classes around the globe year to date.
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