The 6PM Recap With Gary Wagner: Yellen is so loud she’s waking up gold
But Yellen said it was premature to settle upon any tangible damage. She also suggested it was too soon to say whether the Fed would raise interest rates in March
Read moreMight Be Too Late To Get ‘Aggressively Bullish’ Gold – Commodities Broker
Gold prices have mildly retreated after strong gains at the start of the week, but despite the slight pullback, prices remain up on the year, which has one commodities broker bullish.
Read more‘Institutional Dignity’ of Fed Was At Stake; Now Living with Consequences – Jim Grant
All eyes were on Fed chair Janet Yellen’s testimony before Congress Wednesday to see if current financial conditions will delay the central bank’s tightening cycle.
Gold Weaker On Mild Profit-Taking, Chart Consolidation; Fed Chair Yellen’s Remarks A Non-Event
Gold prices ended the U.S. day session modestly lower but up from the daily low Wednesday, on a technical correction and some mild profit taking from the short-term traders following recent solid gains.
Read moreVote 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.