Even After Gold’s 3% Fed Rally, Market Has Room To Move Higher: Analysts
Gold futures rallied more than 3% the day after Federal Open Market Committee members left U.S. interest rates unchanged and signaled that they only see two rate hikes later in the year, and analysts see the potential for more gains for the yellow meta…
Read morePhilly Fed Survey Jumps To Reading of 12.4 In March
(Kitco News) – The headline index for a survey of manufacturers in the Philadelphia area saw major improved in March, catapulting out of negative territory to a reading of 12.4 reading, according to a report from the Philadelphia Federal Reserve.
Read moreGold Extends Gains, Post-FOMC, And As U.S. Dollar Index Slumps
Gold prices on Thursday have extended Wednesday afternoon’s sharp gains, in the wake of an FOMC statement that fell firmly into the monetary policy doves’ camp.
U.S. Weekly Jobless Claims Rise 7,000 To 265,000
First-time weekly jobless claims in the U.S. rose by 7,000 to a seasonally adjusted 265,000 during the week to Saturday, the Labor Department said Thursday.
Read moreB2Gold Lists Adjusted Profit In 4Q On Record Production, Lower Costs
B2Gold Corp. (TSX: BTO; NYSE MKT: BTG) reports an adjusted profit in the fourth quarter as production rose and costs fell.
Read moreSilver Wheaton Reports Adjusted Profit, Record Output In Q4
Silver Wheaton Corp. (TSX, NYSE: SLW), a Vancouver-based silver streaming company, posted an adjusted profit in the fourth quarter as production hit a record high, although the company had a net loss due to an impairment charge.
Read moreMitsubishi: Fed Interest-Rate Views Confirm Goldâ??s Bull Run, But Look For Profit-Taking
Gold remains sharply higher after perceived dovishness from the Federal Open Market Committee Wednesday, although some near-term profit-taking may cause the rally to fade after the sharp run-up in prices, says Mitsubishi.
Read moreGold Gets Solid Boost, Post-FOMC
Gold prices are sharply higher this morning and back near the recent highs, on Follow-through strength from Wednesday afternoon’s gains.
Read moreThe 6PM Recap With Gary Wagner: No Surprises From The Fed And Markets Leap Up And Roar
At 4:15 PM in New York, West Texas Intermediate is up nearly 6.00% on the day while Brent North Sea is up 4.00%. Both traded crudes reversed a two-day slide that saw traders wary of how the Fed would tilt on rates.
Read moreGold Up In Most Currencies, Biggest Winner of Fed Dovishness
As markets continue to digest the latest Federal Open Market Committee statement, which left rates unchanged and lowered expectations for further tightening, gold prices continues to climb not only in U.S. dollar terms, but in most other currencies as …
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