Freeport-McMoRan Sells Tenke Stake For $2.65 Billion
Freeport-McMoRan Inc. (NYSE: FCX) has entered into an agreement to sell its majority interest in TF Holdings Ltd. to China Molybdenum Co., Ltd. (CMOC) for $2.65 billion in cash, with some contingencies that could add to the total sales price, Freeport …
Read moreGold – Subject to the Fed, Which Is Subject to Stocks
Gold appears reluctant to breach $1,300/oz. resistance unless there is a further reduction in Federal Reserve (Fed) tightening expectations.
Read moreGold Remains Sensitive To Dollar Movement
After Friday’s lower employment numbers, it took very little time for the economists of three large banks to suggest that a June rate hike was “probably” off the table.
Gold Down Sharply On Profit Taking, Risk-On Trading Day
Gold prices are solidly lower in early U.S. trading Monday, pressured by some profit taking from recent gains and by better risk appetite in the general marketplace to start the trading week. A firmer U.S.
Read moreCiti: Soft U.S. Data To Delay Expected Longer-Term Turn In Gold Prices
Recently soft U.S. economic data has delayed Citi Research’s longer-term expectation for gold to give up some of its strong gains so far in 2016, the bank says.
Gold Lower Amid Risk-On Trading Day
It’s a ‘risk-on’ day in the marketplace Monday, as world stock markets were mostly higher overnight. U.S. stock indexes are pointed toward higher openings when the New York day session begins.
Read moreGold Says, ‘Thanks Jobs!’
When the Federal Reserve raised interest rates in December, the first hike in nearly a decade, it looked to be gold’s final curtain call.
Gold Traders Eye $1,300 – Will It Lead To Momentum Buying Or Profit-Taking Selling?
Analysts say a key for the gold market next week simply will be what happens around the $1,300-an-ounce level – whether the upward momentum will continue after Friday’s U.S. jobs report, or whether bullish futures traders will decide to start exiting positions to capture profits.
Bullish on Gold Next Week? 63% of Main St. Investors, 56% of Wall St. Experts Say Yes
Gold prices managed to trade above $1,300 earlier in the week, but have since come down.
Read moreWall St. May Want Trump, But Guess Who Doesn’t
Editor’s Note: With the U.S. elections just half a year away, it is important for investors to now start considering how each presidential candidate could potentially affect their portfolio, particularly their gold investments.