U.S. Core CPI Sees Biggest Annual Increase Since May 2012
(Kitco News) – Weaker gasoline prices continued to drag consumer inflation pressures lower, with the Consumer Price Index falling 0.2% in February, according to the U.S. Labor Department.
Read moreU.S. Housing Starts Rise 5.2% To 1.178 Million Units In February
U.S. housing starts rose 5.2% in to a seasonally adjusted annual rate of 1.178 million units in February, the Commerce Department said Wednesday.
Read moreGold Slightly Lower In Quieter Trading, As FOMC Conclusion Awaited
Gold prices are slightly higher in early U.S. trading Tuesday, on a mild corrective bounce from selling pressure seen this week. Most markets, including the precious metals, are treading water ahead of the Wednesday afternoon FOMC meeting conclusion. …
Read moreGold Slightly Up Ahead Of FOMC Conclusion
Gold prices are slightly higher on a mild corrective Bounce from this week’s selling pressure, and ahead of a Key U.S. data point Wednesday.
Read moreThe 6PM Recap With Gary Wagner: Oil Rebounds From Lows Dragging Like Ragdolls As We Await The Fed Tomorrow
At one point today oil was down over 3.25% and was dragging equities down again. In early afternoon, West Texas Intermediate and Brent North Sea started to recover.
Read moreIs It Time To Buy Silver With Gold/Silver Ratio Near 10-year High?
The gold/silver ratio has peaked over 70:1 only a few times in history including right before the 2008 financial crisis. The ratio measures how many ounces of silver it takes to equal an ounce of gold, priced in U.S. dollars.
Read moreGold Down On More Profit-Taking, Bearish Outside Markets
Gold prices ended the U.S. day session solidly lower Tuesday and closed at the lowest closing level of the month. More profit-taking pressure from recent gains was featured.
Read moreFed Meeting Could Be Negative For Gold; Watch $1,220 Level – Analysts
(Kitco News) – The Federal Open Market Committee kicks off its two-day meeting and analysts are expecting to see continued weakness in gold prices ahead of the central bank’s latest monetary policy decision.
UBS: Consolidation Would Be ‘Healthy’ For Gold, Provide ‘More Attractive’ Prices
Gold is consolidating some of its sharp gains for the year and any further weakness after this week’s U.S. Federal Open Market Committee meeting would provide investors a chance to buy metal at “more attractive levels.
Empire State Manufacturing Index Rises To 0.6 To In March
The Empire State manufacturing survey shows business conditions in New York improved significantly in March, the New York Federal Reserve said Tuesday.
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