The 6PM Recap With Gary Wagner: Crude Prices Crowd Other News, Confound Common Sense
Yes, we know the old advice – Buy on the rumor, sell on the fact. But crude isn’t exactly moving on rumor, and there are surely a lot of facts floating around. Yet, up go prices.
Gold Ends Near Steady; Pares Early Losses on Big Rally in Crude Oil
Gold prices ended the U.S. day session right around the unchanged level on the day Monday.
Read moreCFTC Data Shows Short Covering, Not Safe-Haven Demand Driving Gold Prices – Analysts
(Kitco News) – Some analysts are questioning just how strong safe-haven demand for gold is as the latest data from the Commodity Futures Trading Commission showed significant short covering in the marketplace.
Read moreGold Pares Losses as Crude Oil Prices Rally
Gold prices have shed their modest early losses at midday Monday, to trade near unchanged on the day. Gold is being helped by a strong rally in the crude oil market Monday.
Read moreTechnical Trading: Protect Yourself Against Thin Volume In Gold
Weekend meetings by U.S. Federal Reserve official in Jackson Hole, Wyoming failed to deliver traders a clear message on what the central bank will do at its upcoming policy making meeting on September 16-17.
Read moreSGX Resources Names Carlisle Goldfields’ Senior Executive To Board
Barrick Gold Corp. (NYSE, TSX:ABX) says a strategic joint venture has been formed with Zijin Mining Group Co. Ltd, including the sale of a 50% interest in Barrick (Niugini) Ltd. for $298 million.
Read moreChicago PMI Falls Slightly To 54.4 In August
(Kitco News) – The headline index for the Chicago Business Barometer, widely known as the Chicago Purchasing Managers Index (PMI), came in slightly weaker than expected, falling to a reading of 54.4 this month, according to a report released Monday.
Read moreConfessions of Gold Analyst: Gold Selloffs And Human Nature
As human beings, our egos make us believe we are in control of the world around us. We like to believe that we can use reason to make wise and correct investment decisions. We like to make sense of everything we do. But, unfortunately, that is not the…
Read moreU.S. Dollar Just Taking A Breather, Fed Still On Pace To Raise Rates – CIBC
It doesn’t matter when the Federal Reserve hikes rates, either in September or December, what matters is that higher interest rates are on their way, say economists at CIBC World Markets in the bank’s latest monthly currency outlook.
Gold Lower Despite Some Risk Aversion to Start Trading Week
Gold prices are modestly lower in early U.S. trading Monday, as safe-haven demand is not giving the precious metal a lift despite a “risk-off” day in the market place.