The 6PM Recap With Gary Wagner: Yellen Will Walk Tightrope in Tomorrowâ??s Scheduled Speech
Of course, there are many in the trading community that wish the side-talkers in the Fed, especially the ones who are FOMC non-voters, would walk the plank because they are pushing and pulling the financial world. Tomorrow’s speech is the ideal opportunity for Chairwoman Yellen to put the world straight as to what she, if not the core of the FOMC, is thinking.
Gold Weaker, Hits 5-Week Low, On Better Risk Appetite, Technical Selling
Gold prices are ended the U.S. day session slightly lower Monday, and did notch a five-week low overnight. Less risk aversion in the marketplace to start the trading week is a negative for safe-haven gold.
Read moreDubai amusement park to add $454M Six Flags
DUBAI, United Arab Emirates (AP) — A massive Dubai amusement park project still under construction plans a $454-million addition to include a Six Flags, the company said Monday, yet another major bet on tourism by the attraction backed by the city-state’s ruler.
Money Managers Buy Gold After Dovish Fed, But Interest Won’t Last – Analysts
Commodity Futures Trading Commission data confirmed that a dovish Federal Reserve created some renewed buying interest in gold futures among money managers, but it wasn’t enough to build on gold’s recent rally.
Gold Market Showing “Disconcerting Weakness” – Dennis Gartman
The bull market that began late last year continues but not without some very “disconcerting weakness,” says market watcher Dennis Gartman.
U.S. Pending Home Sales Rise 3.5% In February
Kitco News reports on the National Association of Realtors’ pending home sales index for February.
Read moreBargain Hunters Defend Key $1,200 Level In Gold
An early dip toward the psychologically and technically significant level in gold at $1,200 early on Monday was met with bargain hunting and fresh buying support.
Read moreBanro: 2015 Gold Production Falls Within Guidance; Namoya To Boost 2016 Output
Banro Corp. (TSX, NYSE MKT: BAA) reports 2015 gold output of 183,369 ounces that was within guidance, with more expected this year now that the Namoya mine has hit commercial production.
Read moreBBH: Markets To Eye First Major Yellen Speech Since Last FOMC Meeting
A speaking appearance by Fed Chair Janet Yellen on Tuesday will be one of the key events markets will be watching this week, says Brown Brothers Harriman.
Read moreGold Steady-Weak, At 5-Week Low, Amid Less Risk Aversion, Rebounding Greenback
Gold prices are steady to slightly lower in early U.S. trading Monday, and did notch a five-week low overnight. Less risk aversion in the marketplace to start the trading week is a negative for safe-haven gold.
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