Gold at 5-Week High On More Safe-Haven Demand
Gold prices hit a four-week high overnight on increasing safe-haven demand amid the “risk-off” attitudes in the market place.
Read moreConfessions Of A Gold Analyst: The Birth Of “Manipulation”
When I began my investing career, like many of you, I devoured everything I could possibly read and get my hands on. I figured that if I was able to develop an “expert” level of knowledge on a particular market or sector, then I would be able to outpe…
Read moreThe 6Pm Recap With Gary Wagner: Disinflation Runs Down Fed Rate Raise Possibility As If In A Game Of Frogster
Frogster is an early video game where a cute little amphibian valiantly tries to cross a heavily trafficked street. The player’s job is to get Froggy across without letting him get squished.
Gold Likely Has a Date With $1,300 – ETF Securities
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Read moreFed Minutes Hint September Rate Hike Now Off Table, Gold Moves
Minutes of the Fedâ??s July policy meeting hinted that September will most likely be off-the-table for a rate hike. It showed that central bank officials were mixed on whether to raise short-term interest rates next month. This comes after months of signaling that they intend to move away from the near-zero interest-rate policy before year-end.
Gold Up, Hits 4-Week High, on Safe-Haven Demand; FOMC Minutes Get Mixed Reviews
Gold prices were moderately higher in afternoon trading Wednesday, in the wake of much-anticipated FOMC minutes that contained something for both the U.S. monetary policy hawks and the doves, but which moved gold prices only slightly higher. Gold scored a four-week high Wednesday on safe-haven demand amid market place worries about China’s stock market and financial system. December Comex gold was last up $12.60 at $1,129.80 an ounce. September Comex silver was last up $0.455 at $15.245 an ounce.
China’s Troubles Weighing On The Fed
(Kitco News) – China’s slowing economy and recent equity market meltdown is on the Fed’s radar.
Soros Really Likes Barrick Gold, Backs It With 1.9 Million Shares
Billionaire investor, George Soros apparently believes in goldâ??s rise. Last Friday, Reuters reported that a filing with the U.S. Securities and Exchange Commission, showed that Soros Fund Management LLC added a substantial stake in Barrick Gold Corp. (NYSE:ABX) during the second quarter.
Western Copper And Gold Looking Past Short-Term Volatility, Sees Long-Term Copper Supply Crunch
(Kitco News) – According to some analysts, without any new â??greenfieldâ? copper projects on line within the next five or six years, the market will experience a significant supply crunch.
Gold Firmer on More Modest Safe-Haven Demand
Gold prices are slightly higher in early U.S. trading Wednesday, on some more safe-haven buying interest amid trader and investor worries about China.
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