Leading Firm Places Bets on Gold, and No one Noticed
The world’s largest asset management firm is expecting gold to continue to shine in a world that is a flooded with negative interest rates; and, no one really noticed.
Gold Market Continues To Doubt Fed Comments On Rate Hikes
The gold market continues to doubt comments from Federal Reserve regional presidents, who say that they still see potential to raise interest rates later in the year.
Read moreGold Firmer Amid Bullish ‘Outside Markets,’ Weaker U.S. Equities
Gold prices ended the U.S. day session slightly higher Tuesday, lifted in part by a sell-off in the U.S. stock market.
Read moreTDS: Precious Metals ‘Need Materially More Dovish Developments’
Precious metals may need more signs of likely Federal Reserve dovishness to keep building on recent gains, yet uncertainty on several fronts also should provide support under the market, says TD Securities.
Read moreGold Pushes Higher As U.S. Stock Market Comes Under Selling Pressure
Gold prices have moved to moderately higher levels in late-morning trading Tuesday. Short-term, bargain- hunting traders are once again stepping in to buy the dip in prices.
Read moreThe Potential Win-Win for Silver
If the US and global economy recovers, silver demand and prices should be primary beneficiaries. If the US and global economy continues the slowdown trend, shifting Fed tightening expectations back to easing and pressuring the US dollar and stock market, silver should be among the primary beneficiaries.
Gold Weakens A Bit After Key U.S. Economic Data Released
Gold prices are slightly lower in early U.S. trading Tuesday, pressured mildly by a batch of U.S. economic reports that were just released. June Comex gold futures were last down $1.70 an ounce at $1,272.50. July Comex silver was last down $0.029 at $1…
Read moreSoros Returns To Gold, Barrick In 1Q; Paulson Cuts Gold Holding
Soros Fund Management LLC returned to the gold market and also bought shares in the world’s largest gold-mining company during the first quarter, while well-known hedge fund manager John Paulson trimmed his gold holdings, according to filings with the Securities and Exchange Commission.
U.S. Housing Starts Rise 6.6% To 1.172 Million Units In April
U.S. housing starts rose 6.6% to a seasonally adjusted annual rate of 1.172 million units in April, the Commerce Department said Tuesday.
Read moreU.S. CPI Rises 0.4% In April
Kitco News reports on the U.S. Consumer Price Index for April
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