Gold Recovers To Trade Slightly Higher; Jobs Data Big Focus Of Week
Gold futures recovered from overnight weakness Monday, largely moving inversely to the U.S. dollar as markets continue to digest comments from Federal Reserve officials at their weekend symposium in Jackson Hole and while waiting for a key report on th…
Read moreBNP Paribas Calling For ‘Robust’ Job Growth, Rate Hikes
With Jackson Hole in the rearview mirror, all eyes have now turned to Friday’s U.S. employment report, which BNP Paribas expects to show “robust” jobs growth.
Comex Gold Recovers Overnight Declines
Comex gold has recovered its early losses to trade near steady to slightly higher on the day.
Read moreGold May Be Worth Much More Than You Think – Deutsche Bank
Gold is kicking off the week under pressure as markets continue to digest last week’s comments from Federal Reserve officials in Jackson Hole, but some analysts think investors may not be pricing the yellow metal properly.
Is Gold At A Tipping Point? 2 Scenarios For Traders Now
As traders return to work Monday morning, gold prices have already edged off their overnight lows. Gold buyers are nibbling as the yellow metal drops to test the lower boundary of its two-month trading range.
Read moreMoney Managers Up Gold Net Length But Cut Silver Positioning – CFTC Data
Large speculators upped their collective bullish positioning in gold futures but trimmed their net length in silver, according to the most recent weekly report released by the Commodity Futures Trading Commission.
Read moreGold Futures Modestly Softer As Dollar Strengthens After Fed Symposium
Gold futures are starting the week with a slightly softer tone after the U.S. dollar strengthened overnight in the aftermath of comments from Federal Reserve Chair Janet Yellen and other policymakers late last week that were hawkishly construed, trade…
Read moreFischer Not Yellen Caused Friday’s Sell-Off
Friday’s trade after Yellen’s comments went to script. Yellen suggested that data points were moving towards the Fed’s targets and interest- rate increases were under consideration, if the economy continued to improve.
Yellen Speaks and Markets Shrug
It seemed like business as usual today in the various markets that make the world go ´round.
Gold ETFs Lose Direction After Yellen’s Speech
Gold exchange traded funds are trading flat after Federal Reserve Chairwoman Janet Yellen skirted a definitive plan on monetary policy, leaving investors uncertain when the central bank will ultimately hike rates.
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