Tight Range Continues As Traders Await Yellen’s Remarks On Friday
Gold continues to wallow in a tight range, as traders appear content to await Janet Yellen’s speech on Friday morning.
Gem, gold firms look to India
Indian and Vietnamese gem and jewelry companies, which met yesterday at an event organised by the Indian consulate in HCM City, agreed there is much potential for bilateral co-operation.
Read moreWhile Waiting for Yellen Interesting Data Points Appear
Two key releases of data are the true underlying fundamentals driving markets today. Certainly another little upward bump in the price of oil has helped stimulate U.S. equities, but it is the data that really counts.
Read moreWhile Waiting for Yellen Interesting Data Points Appear
Two key releases of data are the true underlying fundamentals driving markets today. Certainly another little upward bump in the price of oil has helped stimulate U.S. equities, but it is the data that really counts.
Read moreBuy Gold Since Low Rate Trend Will ‘End in Tears’ Warns Jim Grant
Widely known Fed critic and Wall Street pundit Jim Grant says that central bank policies are going to “end in tears,” and the best way for investors to protect themselves is through gold.
Gold Miners Below 50-day MA; Time to Buy? – Technical Analyst
Gold miners continue to struggle since late last week, with the GDX now dipping below its 50-day moving average. However, according to one technical analyst, this just might be what investors need.
Read moreGold, Silver Slightly Up Amid “Dog Days” of Summer
Gold and silver prices ended a quiet U.S. day session slightly higher Tuesday. Some mild short covering in the futures markets and bargain hunting in the cash markets were featured, following recent selling pressure.
Read moreCiti Modestly Hikes Gold Forecasts, Sees $1,340 In 3Q, $1,320 In 4Q
Citi Research modestly increased its forecast for gold prices in the second half, commenting Tuesday that the metal is likely to remain underpinned by political uncertainty and demand from exchange-traded funds even if the Federal Reserve hikes intere…
Read moreLower Interest Rates Have Just Made The Rich, Richer – Yanis Varoufakis
Current actions by central banks to lower interest rates into negative territory and to buy back public or private debt from commercial banks has done nothing to defeat the great deflation; instead it is making “the rich richer” – said a former finance minister on Monday.
Sales Of New U.S. Homes Rise 12.4% To 654,000 Rate In July
Purchases of new U.S. single-family homes last month rose by 12.4% to a seasonally adjusted and annualized pace of 654,000, according to a Commerce Department report Tuesday.
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