Gold Hits 7-Week High On Safe-Haven Buying Amid World Worries On Several Fronts
Gold prices ended the U.S. day session solidly higher and scored a seven-week high Wednesday.
Read moreFirst Rate Hike In 10 Years Was A ‘Close Call’ – FOMC Minutes
(Kitco News) – The first rate hike in almost 10 years was a “close call” for some members of Federal Reserve Open Market Committee, according to the minutes of the December monetary policy meeting.
Gold Getting Ready For a Breakout Move Higher? – BBH
Gold prices seem to be off to a good start this year, and one New York-based investment bank now questions whether or not the yellow metal may be gearing up for a breakout move higher.
Read moreVote Now In The Kitco Weekly Gold Survey
Have your say! vote now in the Kitco News Wall Street vs Main Street Weekly Gold Survey.
Read moreISM Non-Manufacturing Index Falls to 55.3% In December
(Kitco News) – The U.S. service sector lost momentum for the second consecutive month as the the Institute for Supply Management said Wednesday that its headline non-manufacturing index fell slightly to 55.3% in December from 55.9% in November.
Read moreINTL FCStone: Gold May Hit $950 In ‘Another Difficult Year For The Bulls’
INTL FCStone looks for gold to fall below $1,000 an ounce during “another difficult year for the bulls” in 2016, perhaps hitting $950, although the firm also sees a high above $1,200.
Gold At 7-Week High On More Safe-Haven Demand Amid New Worries
Gold prices are higher and hit a seven-week high in early trading Wednesday.
Read moreDailyFX: Gold Could Face Pressure If Market Factors In More Fed Rate Hikes
Equities weakened but safe-haven assets, including gold, are stronger after the People’s Bank of China lowered the fix for its currency and due to geopolitical concerns, says Barclays.
ADP Employment Survey: U.S. Private Sector Companies Create 257K Jobs In December
(Kitco News) – The labor market continues to build momentum as U.S. companies created 257,000 new private-sector jobs last month, well above expectations, according to a report released by payrolls processor ADP Wednesday.
Read moreGold Boosted Amid Anxious World Marketplace
Gold Prices are moderately higher and hit a four-week high today on safe-haven demand and short covering in the futures Markets.
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