The 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.
Read moreU.S. Advance Retail Sales Fall 0.1% In February, January Sees Major Downward Revision
Kitco News reports on U.S. advance retail sales for February.
Read moreGold Sees More Profit Taking Amid Bearish Outside Markets
Gold prices are moderately lower in early U.S. trading Tuesday, on more profit-taking pressure from recent gains and amid bearish “outside markets” early this week-lower crude oil prices and a firmer U.S. dollar index. April Comex gold was last down $12.10 at $1,233.10 an ounce. May Comex silver was last down $0.236 at $15.28 an ounce.
Fortuna Silver Mines Posts 4Q Loss Due To Impairment Charge
Fortuna Silver Mines (NYSE: FSM; TSX: FVI) reports a net loss in the fourth quarter due to an impairment charge, but was nearly flat on an adjusted basis.
Read moreGold Down On More Profit Taking, Chart Consolidation
Gold prices are moderately lower in early US trading, on more profit taking and chart consolidation, and on bearish outside markets that include a firmer U.S. dollar index and lower crude oil prices on this day.
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