Dollar Climbs High And Sinks Gold And Oil
Today we have to contemplate whether consumer confidence, that is the public’s “attitude” toward cutting loose and stoking the fires of higher spending, is an idea or a reality.
Dollar, Position Squaring Ahead Of Jobs Data Pressure Gold
Gold futures hit fresh two-month lows Tuesday afternoon, pressured by a muscular U.S. dollar and position squaring ahead of a key U.S. employment report at end of the week.
Read moreSorry Bugs, Gold Has Seen Its 2016 Peak – RBC Capital Markets
Gold has been one of the best-performing assets so far this year, but the metal’s best days of 2016 may already be behind it, say analysts with RBC Capital Markets.
Comex Gold Extends Decline After U.S. Consumer Confidence
Comex gold futures remain lower on U.S. dollar strength, with added pressure coming from a strong report on consumer confidence.
Read moreU.S. Consumer Confidence Index Rises To 101.1 In August
The Conference Board reported Tuesday that its index for U.S. consumer confidence rose to 101.1 in August from a downwardly revised 96.7 in July.
Read moreBarrick Appoints Mark Hill To New Position Of Chief Investment Officer
Barrick Gold Corp. (NYSE, TSX: ABX) has appointment of Mark Hill to the newly created position of chief investment officer, effective Sept. 12.
Read moreTDS: ‘Real Opportunity Cost To Hold Gold Is Likely To Remain Low’
TD Securities sees factors that remain supportive for gold despite nervousness that a more hawkish tilt from recent Federal Reserve speakers could portend a U.S. interest-rate hike.
Read moreRate Hikes Could Help Gold, Just Like Last Time – Martin Murenbeeld
The Fed hawks seem to be slowly laying out their cards, putting a 2016 rate hike back on the table. However, one economist says an interest-rate rise may actually be good news for gold.
Read moreGold Futures Remain Near Lower End Of Range As Dollar Rises
Gold futures remain near the lower end of their recent trading range Tuesday morning as the U.S. dollar strengthens and traders continue to ponder when the Federal Reserve might hike U.S. interest rates again.
Read moreGold Struggles Because Of Higher Dollar But Does Move Higher
There was a fairly important data release today that affected markets, although it will probably take another day before it is completely absorbed.
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