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.
Read moreJe Suis… Insensitive or Thought Provoking?
Je Suis Charlie is doing what it does best….getting a conversation going.
Read moreGold Futures Stronger After U.S. Jobs Data Trim Rate-Hike Expectations
Gold futures are higher after the rise in August nonfarm payrolls fell short of market expectations Friday, prompting financial markets to scale back expectations of a potential U.S. interest-rate hike next month and boosting the euro.
Read moreCME Group August Metals Volume Higher Than Year Ago
ME Group metals volume rose 9% year-on-year to a daily average of 414,000 contracts per day in August, the exchange operator reports.
Read moreGold Futures Pop Higher After Nonfarm Payrolls Short Of Forecasts
Gold futures popped higher Friday after a weaker-than-expected report showing U.S. nonfarm payrolls rose by 151,000 jobs in August.
Read moreU.S. Nonfarm Payrolls Rise By 151,000 In August; Gold Rises
Nonfarm employment in the U.S. grew by lower-than-expected 151,000 during August, the government said. Comex gold rose on the news.
Read moreKinross Gold Corp. Repays $250 Million In Senior Notes
Kinross Gold Corp. reports that the company has repaid $250 million in senior notes that were due Thursday.
Read moreMarket Awaits The Big Number
Although the Fed’s next meeting is a full three weeks away and much can change between now and then, the market will focus on today’s jobs report as the one metric that will give a firm read on whether the Fed raises rates in September.
Gold Futures Steady While Awaiting Nonfarm Payrolls Report
Gold futures are steady in a narrow trading range early Friday ahead of what traders have been describing as a possible day of reckoning for the market – the release of the always-important U.S. monthly employment report.