Vote Now In The Kitco Weekly Gold Survey
Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.
Read more50% Chance U.S. Slips Into Recession In Six Months, According To Bond Markets – TDS
The R-word is once again rearing its ugly head, this time coming from TD Securities, with analysts saying that markets are pricing in a 50% possibility that the U.S. economy contracts in six months.
Read moreFed Chair Janet Yellen: Declining Equities, Stronger USD Weighing On Financial Conditions And Growth
(Kitco News) – Despite continued growth in the U.S. economy, Fed Chair Janet Yellen, said, in her opening statement before the U.S. House of Representativesâ?? Financial Services Committee, that financial conditions have become less supportive.
Gold/Oil Ratio Hits ‘Extreme Level Going Back 70 Years’ — optionsXpress
The ratio between rising gold prices and weak oil prices has hit levels not seen in some seven decades, points out Mike Zarembski, senior commodity analyst with optionsXpress.
Read moreGold Sees Normal Corrective Pullback Following Recent Strong Gains
Gold prices are moderately lower in early U.S. trading Wednesday, on a downside technical correction and some profit taking from the short-term traders following recent solid gains.
Read moreDRC Chamber Of Mines Welcomes Retention Of Existing Mining Code
The Chamber of Mines of the Democratic Republic of Congo has welcomes the government’s announcement earlier Wednesday that officials have dropped initial plans to amend the country’s mining code. Simon Tuma-Waku, spokesman for the Chamber of Mines, says the government recognized that a more onerous code would drive investors away from an already-stressed market.
Gold Sees Corrective Pullback From Recent Solid Gains
Gold prices are seeing a corrective pullback Wednesday, after scoring solid gains earlier this week and hitting an eight-month high on safe-haven demand amid the world stock and financial market anxiety.
Read moreThe 6PM Recap With Gary Wagner: Gold And Equities Are Trying To Get The Feeling Again
That stocks in New York are either mildly up (the Dow and S&P 500) or barely down (NASDAQ) speaks loudly to the struggle against crude oil price worries. Perhaps the markets are finally saying, “Enough already, all the gloom and doom is overdone.”
Gold Stretches Gains To Fifth-Straight Session; Now What? – Sr. Strategist
Gold futures ended near steady on Tuesday, after their best finish since mid-June. The metal ended the U.S. day session with some mild profit-taking pressure and some technical chart consolidation.
Read morePrivate Convo With Bernanke Gives Best-Selling Author Jim Rickards Clues To Deciphering The Fed
After speaking with former Federal Reserve chairman Ben Bernanke, best-selling author Jim Rickards may have found a way to predict the central bank’s next policy move, especially as stocks continue to struggle.