Gold Futures Remain Steady After Safe-Haven Bid; Mining Stocks Pare Early Losses
Gold futures remained steady late Monday morning, drawing a safe-haven bid from a freefall in global equity and commodity markets, with ideas this could prompt the Federal Reserve to hold off on tightening U.S. interest rates, analysts said.
Read moreGold Slips Below Unchanged; All Eyes on U.S. Stock Market
Gold prices have lost altitude as midday approaches, trading slightly lower after scoring moderate gains in earlier trading. Gold is being tugged to the downside by the major sell-off in the raw commodity sector recently, led by crude oil prices touch…
Read moreWhat Was Behind Avalanche-Like Crash? – Jim Rickards’ Take
As global equity markets gain avalanche-like downward momentum, famed author Jim Rickards says that the weakness in global financial markets may have been webbed into the system dating back to the 90s, and the trigger effect may be the Fed. …
Read moreNYSE Says It Will Halt Trading For 15 Minutes If S&P Falls 7%
(Kitco News) – The New York Stock Exchange (NYSE) has warned investors that if equity markets continue to fall with the S&P 500 Index dropping 7% during the session, they will halt trading for 15 minutes.
Gold Is A Haven Within A Global Storm
The gold market is trading at modestly firmer levels in early action Monday, as the U.S. equity market continues to unravel. Concerns about the strength of the Chinese economy, the second-largest in the world, and the government’s lack of action to pr…
Read moreDonald Trump On China’s Equity Meltdown: ‘I Told You So’
Republican presidential candidate Donald Trump took to Twitter on Monday to remind us that that he’s been talking about the dangers of the Chinese economy long before today.
Read moreGold Draws Safe-Haven Bid But Held Back By Selling To Cover Losses In Other Markets
Gold futures were holding up Monday morning despite a sea of red in global equity and commodity markets, drawing a safe-haven bid and also getting a boost from ideas that the freefall in other markets could prompt the Federal Reserve to hold off on ti…
Read moreFreeport McMoRan leads Mining Stock Decline Monday
Mining stocks are getting hit hard in early trading Monday, dragged down by a sharp decline in oil prices and the market rout.
Read moreGold Modestly Higher, Hits 6-Week High, as U.S. Stock Market Plunges
Gold prices have rallied modestly and hit a fresh six-week high in early morning trading Monday, as the U.S.
Read moreJust A Summer Sell-Off In EM Equities, Expect Rebound After The Storm – Capital Economics
As the Shanghai composite Index fell 8.5%, and global stock markets open Monday on a severe note, researchers at Capital Economics say that China’s effect on emerging market (EM) economies this time around does not mirror that of previous EM crises.