The 6PM Recap With Gary Wagner: Equities Rebound Even In The Face Of More Low Oil Pricing As Dollar Forces Down Precious Metals Though Gold Is Down Just A Bit
Crude oil fell again today, losing nearly 1.25% as of 3:30 in New York. One would have thought that would have brought on even more declines in equities, but the opposite was true.
Read moreGold Ends Weaker as Nymex Crude Slumps to Nearly 7-Year Low
Gold ended the U.S. day session modestly lower Thursday. Selling pressure was mostly due to crude oil prices dropping to a near seven-year low and a solid rebound in the U.S. dollar index, after strong losses seen by the index Wednesday.
Read moreMorningstar Sees Gold Below $1,000 Before Recovery; Strong Jewelry Buying Expected
Morningstar sees a dip in gold below $1,000 an ounce next year followed by a recovery, calling for jewelry demand to pick up in the next half decade.
Read moreU.S. Weekly Jobless Claims Rise By 13,000 To 282K
(Kitco News) – First-time weekly jobless claims in the U.S. rose by 13,000 to a seasonally adjusted 282,000 during the week to Saturday, the Labor Department said Thursday.
Read moreGold Weaker as U.S. Dollar Index Sees Strong Bounce
Gold is modestly lower in early U.S. trading Thursday and is seeing selling pressure in part due to a solid rebound in the U.S. dollar index after the strong losses posted Wednesday.
Read moreHSBC: Gold May Be In Volatile Range Until Upcoming FOMC Meeting
Gold may be trapped in a volatile range with edgy two-way trading until the conclusion of next week’s meeting of the Federal Open Market Committee, says HSBC.
Roxgold: Construction Of Yaramoko Project 60% Done; Commissioning Set For 2Q
Roxgold Inc. (TSXV: ROG) reports that construction on the Yaramoko Gold Project in Burkina Faso is approximately 60% completed, with project commissioning remaining on target for the second quarter of 2016.
Marketplace Worried About Falling Oil Prices
Gold Prices are weaker in early U.S. trading, pressured in part by a higher U.S. dollar index on this day and as crude oil Prices hover not far above this week’s seven-year low.
Read moreThe 6PM Recap With Gary Wagner: Energy Cast As The Villain But It Is Really Jitters Over The Fed Pushing Markets Around
If you were to have had a long, long nap yesterday afternoon and just now woke up and began monitoring today’s financial news, you would be forgiven for thinking it was still Tuesday.
Despite Complete Collapse Of Prices, Commodities Near The Bottom – Senior Trader
As long as the U.S. dollar continues to churn higher, the commodities sector, which is near 18-year lows, will continue to remain weak, according to one senior commodity trader.
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