Gold Can’t Find Its Way While Yen Charges On as Safest Haven
Today’s figures and one international development added more fuel to the confusion fire. The outcome? We do not believe the FOMC will raise overnight rates come June 15, less than two weeks from now.
Gold May Be a “Sell” Now – RBC Wealth Management
(Kitco News) – Gold’s rally seems to be coming to halt with investors questioning whether or not the uptrend has turned the corner.
Owning Gold Is Not Optional, Every Investor Needs It – Strategist
The Federal Reserve seems to be pulling in the reins on gold’s 2016 rally as markets expect rate hikes as early as this summer.
Read moreGold Ends Weaker In Quieter Trading; U.S. Jobs Data On Deck
Gold ended a quieter session slightly lower Thursday, in another narrow, two-sided trading affair. Some fresh economic news Thursday failed to significantly move the precious metals markets.
Read moreGold Slips Below Unchanged as Outside Markets Turn Bearish
Gold prices are trading modestly lower in late-morning dealings Thursday, and have given up slight early gains.
Read moreOPEC Members Reach No Deal, so Oil Will Keep Flowing
OPEC members met in Vienna on Thursday but failed to reach a deal that caps production.
Read moreReliant Reports Deal To Sell 49% Interest In Borden Lake South Claims To Goldcorp
Reliant Gold Corp. (TSXV: REC) says it has reached an agreement to sell its 49% interest in the Borden Lake South mineral claims to Goldcorp Inc. (TSX: G, NYSE: GG).
Read moreGold Needs These Widely Watched Patterns to Fail
The good news about widely watched technical patterns is that once they hit the popular press, they often fail.
Read moreECB’s March Stimulus Bazooka Under Pinning Economic Growth
(Kitco News) – The European Central Bank’s massive stimulus package introduced early-March is expected to only boost European economic growth slightly higher in 2016, but it was instrumental in avoiding a significant downturn, according to comments from the central bank’s President Mario Draghi.
U.S. Weekly Jobless Claims Dip By 1,000 To 267,000
U.S. Weekly Jobless Claims Dip By 1,000 To 267,000
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