Gold Near Steady Ahead Of FOMC Statement Wed. PM
World stock markets were mostly higher overnight and U.S.
Read moreMarkets Idling As FOMC Sits Behind Closed Doors
If we were to make a guess, though, we would say that there will be an admonishment that the economy is warm on the verge of hot. That is, at least concerning the key Fed data points that affect interest-rate decisions.
Read moreWestern Demand To Drive Gold Prices As Asia Slows – GFMS
(Kitco News) – Factors that helped boost western gold demand to unprecedented levels will continue to play a role in the second half of the year, according to one major precious metals research firm.
Read moreGold Ends Near Steady in Quiet Action; FOMC Results Awaited
Gold prices ended the U.S. day session near steady in quieter trading Tuesday. Traders and investors are keenly focused upon two central bank meetings taking place this week.
Read moreGold Proves To Be David Einhorn’s Safe-Haven in Q2
Famed hedge fund manager David Einhorn faces another loss in the second quarter, but remains slightly up on the year thanks in part to his gold bets.
Read moreBasking in a Golden Summer & Preparing for a Frenzied Fall
The macro picture is aligned perfectly behind gold. Things have calmed because it is summer, but use this time to prepare for what will be a frenzied fall full of the kind of opportunities that only exist in the early days of a new gold bull market.
Read moreGold Prices Shrug Off Stronger-Than-Expected U.S. Data
Kitco News reports on the U.S. Conference Board Consumer Confidence for July.
Read moreIs America Headed For Bankruptcy? – Harvard Economist
Although markets are not pricing in a rate hike at this week’s Fed meeting, sentiment seems to be turning more positive on the U.S. economy with more investors expecting monetary policy tightening this year.
Freeport McMoRan 2Q Loss Narrows From Year Ago
Freeport McMoRan Inc. (NYSE: FCX) reports a smaller quarterly loss after aggressive cost cutting.
Read moreBNP Paribas Raises Gold-Price Forecast But Sees New Downtrend
(Kitco News) – There is at least one more bear in the woods as analysts at BNP Paribas increase their gold-price forecast for 2016 but look for the price to trend lower through the rest of the year and 2017.
Read more