Ira Epstein Sees Further Downside In Gold Futures
Veteran futures trader Ira Epstein cautions about potential for more weakness in gold, noting that the dollar is strong and a number of commodities have been under pressure.
Read moreMarkets Tentative On Paris Police Operation And Ahead Of FOMC Minutes
Gold prices dropped to a 5.5-year low overnight, as the precious metal bulls have been disappointed there has not been more robust safe-haven demand following the major terror attacks in Paris.
Read moreThe 6PM Recap With Gary Wagner: Return To The Mean As Normalcy Of War Quickly Settles In
Before examining the specifics of today’s markets, it’s worth a minute to take a look at the resilience of markets across the globe, especially in those economies that have fully embraced the western model of openness and optimism.
Gold Sinks to 5.5-Year Low Amid Rallying Stock Markets, Strong U.S. Dollar
Gold prices dropped to a 5.5-year low Tuesday, pressured in part by rallying U.S. and world stock markets early this week.
Read moreGold Slumps to 5.5-Year Low as U.S. Dollar, Stock Markets Rally
Gold prices dropped to a 5.5-year low near midday Tuesday, pressured in part by rallying U.S. and world stock markets.
Read moreMoney Managers Continue Cutting Gold, Silver Bullish Positioning – CFTC Data
Money managers cut their bullish positioning in gold futures for the third straight week, the latest data from the Commodity Futures Trading Commission show.
Read moreU.S. Industrial Production Declines By 0.2% In October
U.S. industrial production fell by 0.2% in October, hurt by declines in utilities and mining, whereas otherwise manufacturing activity rose, the Federal Reserve reported Tuesday.
Read moreOsisko Closes First Portion of Royalty Portfolio Acquisition From Teck
Osisko Gold Royalties Ltd. (TSX: OR) reports that it has closed the first portion of the previously announced acquisition of a total of 31 Canadian royalties held by Teck Resources Limited (TSX: TCK) and its subsidiary Teck Metals Ltd. for C$28 million…
Read moreU.S. Consumer Price Index Rises 0.2% During October
Consumer prices in the U.S. increased by a seasonally adjusted 0.2% during October, the Labor Department said Tuesday.
Read moreGold Slips Back to Near 5.5-Year Low as U.S. Dollar Index Continues Ascent
Gold prices are moderately lower in early U.S. trading Tuesday. A stronger U.S. dollar index that scored a seven-month high overnight has trumped the tepid safe-haven demand seen in the precious metal early this week, following last week’s Paris terror attacks. February Comex gold was last down $3.70 at $1,080.40 an ounce.