The 6PM Recap With Gary Wagner: Like A Rock Sinking Into Troubled Waters
All major stock indices were down from Asia, to Europe to New York. The NASDAQ seemed as if it were going to make it into the green zone as a result of positive developments in biotech issues but gravity proved to be too much for it. As of 3:30, the NA…
Read moreBank Of Canada Still Has Room To Maneuver As BOC’s Poloz Introduces Idea Of Negative Interest Rates
(Kitco News) – The policy divergence between the U.S. and Canada could get even wider as the Bank of Canada has left the door open for potential negative interest rates in 2016, while the Federal Reserve looks to tighten rates starting as early as Dec…
Read moreGold Ends Near Steady; Buyers Timid as Crude Oil Prices Plunge
Gold prices ended the U.S. day session near unchanged levels Tuesday. Some late short covering in the futures market and bargain hunting in the cash market did lift prices up from their daily lows.
Read moreHSBC ‘More Optimistic’ On Silver Due To Expected Gold Strength, Improved Fundamentals
‘HSBC looks for silver prices to rise in 2016, citing a move on the back of the bank’s expected rise in gold as well as stronger supply/demand fundamentals.
Gold Pares Early Losses as U.S. Dollar Index Moves to Daily Low
Gold prices have moved up from moderately lower levels to trade near unchanged in morning dealings Tuesday.
Read moreTD Securities: ETF Selling Likely No Longer A Hindrance For PGMs
TD Securities says autumn selling of platinum group metals by exchange-traded funds may have ceased.
Read moreGold To Rally To $1,200/Oz In 2016 On Gradual Fed Rate Hikes – Commerzbank
Commerzbank looks for gold to strengthen in 2016, as it starts to find support once the U.S. Federal Reserve gets its first interest-rate hike out of the way.
Read moreGold Sees Spillover Selling as Oil Slumps to 7-Year Low
Gold is moderately lower in early U.S. trading Tuesday. Precious metals prices are being anchored by a downdraft in crude oil that saw Nymex futures this morning hit a nearly seven-year low below $37.00 a barrel.
Read moreGold Weaker, Pressured By Bearish Outside Markets
Gold prices are lower in early U.S. trading.
Read moreThe 6PM Recap With Gary Wagner: Crude Oil Is Low And Going Lower So Look Out Below
Brent North Sea and U.S. crude futures went into free fall today by as much as 6% before recovering a small bit of their losses. The drop seems to have been in belated reaction to OPEC’s inability at a policy meeting on Friday to conclude an agreement to lower production and thereby push prices higher, or at least prevent a further decline.