Philadelphia Fed Manufacturing Index Rises To Minus 3.5 In January
The headline index for a survey of manufacturers in the Philadelphia area improved in January but remained in contraction territory, according to a report released Thursday.
Read moreGold Weaker On Corrective Pullback From Recent Gains
Gold prices in early U.S. trading Thursday are seeing a downside technical correction and some mild profit-taking pressure following recent gains. However, there is still some risk aversion in the world marketplace that will limit selling pressure on t…
Read more$1,050 Could Be In the Cards For Gold – Triland Metals
Despite the positive start to the year, the gold market still looks grim according to analysts at Triland Metals. In a report Thursday, they say that gold’s inability to break above $1,100 an ounce could mean that the $1,050 level might be se…
Read moreGold Sees Corrective Pullback, But Marketplace Still Anxious
Gold prices are seeing moderate selling on a corrective Pullback from recent gains. However, there is still some Risk aversion in the marketplace
Read moreECB Leaves Interest Rates Unchanged
(Kitco News) – The European Central Bank (ECB) has left interest rates unchanged.
Read moreThe 6PM Recap With Gary Wagner: Oil Scorching Everything On Earth
The thudding crud you hear falling to earth is crude oil. West Texas Intermediate has demolished the $27 per barrel barrier and looks set to hurtle down further. Brent North Sea is not far behind.
Read moreGold Posts Gains In Most Currencies As Equities Sell Off
Investors in most countries seem to have been in agreement about something Wednesday, and that is favoring gold. Market participants flocked to the yellow metal as equities tumbled and oil prices reached multi-year lows.
Read moreGold Pushes Above $1,100 on Safe-Haven Demand Amid World Stock Market Sell-Off and High Anxiety in Marketplace
A rout in the U.S. stock market Wednesday prompted further safe-haven buying in the gold market as the precious metal’s price pushed back above the key $1,100.00 level.
Is This Really An Equity Meltdown?
Despite the steep selloff in equity markets Wednesday, indices are down less from their respective peaks compared to commodity prices.
Read moreGold Back Above $1,100/oz, How Long Can The Safe-Haven Allure Last?
Gold prices jump back above $1,100 an ounce as investors seek refuge against the backdrop of falling stock markets and tumbling oil prices Wednesday.
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