Gold Sees Some Safe-Haven Demand On Mali Terror Attack
There is another terror event unfolding today, this time in Mali. Reports said around 10 attackers have dozens-up to 170 at one point–of hostages held hostage at a luxury hotel in the West African country.
Read moreThe 6PM Recap With Gary Wagner: A Slight Readjustment and Retrenchment in Most Markets Although Oil Lags and Gold Rallies
Many of the major trends in markets that we have been watching closely turned around today, although we feel that the shift is more in the way of consolidation than a strong change of sentiment.
Read moreGold Bounces on Short Covering, Bargain Buying and Weaker U.S. Dollar Index
Gold prices on Thursday extended their slight, early gains and finished the U.S. day session moderately higher.
Read moreGold Shows Signs Of Stabilizing; Expected Fed Rate Hike Already Factored Into Prices
he gold market has pretty much factored in tightening by the Federal Reserve next month, meaning much of the bearish news is now “baked in the cake” and prices can start to stabilize in the short term, or at least the pace of the decline will slow, analysts and strategists say.
Gold Rebounds on Short Covering, Bargain Hunting, Weaker U.S. Dollar Index
Gold prices have extended their slight, early gains and are trading moderately higher in late-morning dealings Thursday.
Read morePhiladelphia Fed Manufacturing Index Rises To 1.9 In November
The headline index for a survey of manufacturers in the Philadelphia area improved slightly in November, according to a report released Thursday.
Read moreU.S. Weekly Jobless Claims Fall 5,000 To 271,000
First-time weekly jobless claims in the U.S. fell by 5,000 to a seasonally adjusted 271,000 during the week to Saturday, the Labor Department said Thursday.
Gold Firmer as Some U.S. Fed Uncertainty Taken Out of Marketplace
Gold prices are slightly higher in early U.S. trading Thursday, on a tepid short-covering and bargain-hunting bounce after prices hit a 5.5-year low Wednesday.
Read moreECB Officials Debated Stimulus Move At Last Meeting
Top officials at the European Central Bank debated expanding monetary stimulus for the eurozone economy at their last meeting – before deciding to hold off any changes until December.
Read moreGoldman Sachs Forecasts $1,000/Oz Gold In 12 Months
Goldman Sachs looks for more gold weakness over the next 12 months, calling for $1,000 an ounce a year from now.
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