Standing On the Corner Waiting and Waiting for Yellen
Just as nature abhors a vacuum, investors abhor uncertainty. That is what is driving the market this week as we (still) await Fed chair Janet Yellen’s speech at the Jackson Hole Economic Policy Symposium.
Gold Down, Hits 4-Wk Low; Yellen On Deck Friday
Gold prices ended the U.S. day session lower again and hit another four-week low Thursday.
Read moreVenezuela Behind Gold’s No-Man’s Land?
Commodity prices were down ahead of the Fed’s Jackson Hole summit, with gold hitting a four-week low. And one economist thinks the Venezuelan government might be behind gold’s current range.
TDS: Gold ‘May Post A Smart Rebound From These Lows’
TD Securities looks for gold to snap back since analysts don’t expect Federal Reserve Chair Janet Yellen to be as hawkish in a Friday speech as many traders seem to anticipate, says TD Securities.
“Rates Should Go Higher” – Fed’s Esther George
To add further confusion to Fed Speak – Kansas City Federal Reserve President Esther George, said on Thursday that it’s time to increase interest rates.
Read moreGold To Benefit From All the ‘Wildcards’ Still At Play – OCBC’s Barnabas Gan
Although expectations for a rate hike in the U.S. have increased, there still remains a 50-50 chance that it will materialize. For this reason, one economist expects gold strength to remain intact.
Read moreGold Down, At 4-Week Low, Ahead Of Jackson Hole Fed
Gold prices are down again and hit another four-week low in early U.S. trading Thursday.
Read moreGold Hits 4-Week Low As Jackson Hole on Deck
World stock markets were mostly lower overnight. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.
Read moreJitters Continue Ahead Of Yellen’s Speech Tomorrow
Gold broke a bit lower than my expected range yesterday. I underestimated the nervousness associated with Yellen’s remarks tomorrow.
Gold Wobbles Down On Stronger Dollar Before Yellen Speech
Fed Chairwoman Janet Yellen’s speech in front of important central bank executives from around the world is fast approaching.