Final U.S. GDP Rises 5.0% In The Third Quarter
(Kitco News) – The U.S. economy showed no signs of slowing down in the third quarter according to the U.S. Department of Commerce’s final reading of third-quarter gross domestic product.
Gold Steady-Firm as Follow-Through Technical Selling Offset by Bargain Hunters
Gold prices are steady to slightly higher in early U.S. trading Tuesday. Some more technically related selling pressure is featured following Monday’s losses. However, bargain hunters have stepped in to buy this latest dip in prices. A lack of fresh, bullish fundamental news for gold this week is allowing the chart-based traders to become emboldened sellers. Thin trading conditions this week are exacerbating price moves in many markets, including gold and silver. February Comex gold was last down $0.60 at $1,179.20 an ounce. Spot gold was last up $2.20 at $1,177.50. March Comex silver last traded up $0.092 at $15.775 an ounce.
The Six PM Recap With Gary Wagner: Inflation Hedge Needs Are Evaporating
As oil continues its spectacular decline, and prices for gasoline start eyeing $1.50 per gallon in some places, inflation seems like some old fading cowboy from a Saturday afternoon movie serial riding into the sunset on his aged horse. Goodbye, Old Paint. (That’s the standard name for an old cowboy’s horse.)
Speculators Squaring Gold Trades Ahead Of FOMC – CFTC Data
Hedge Funds and money managers squared their books ahead of the holidays and an uncertain Federal Open Market Committee meeting, according to the latest trade data from the U.S. Commodity Futures Trading Commission.
Read moreGold Ends Sharply Lower, Hits 3-Week Low, on Technical Selling, Lower Oil
Gold prices ended the U.S. day session sharply lower and hit a three-week low Monday. Technical selling was featured amid a lack of fresh, bullish fundamental news. Lower oil prices were also a bearish “outside market” force working in favor of the precious metals bears Monday. Thin volume, as many players are already off for the Christmas week, likely exacerbated the downside price move in gold Monday. February Comex gold was last down $21.40 at $1,174.70 an ounce. Spot gold was last down $19.80 at $1,174.75. March Comex silver last traded down $0.38 at $15.65 an ounce.
What’s Your Strategy – Full Coverage
Read moreCentral Banks On Diverging Paths In 2015
With the 2008-2009 global financial crisis finally fading into the rear view mirror, focus turns the Big Three global central banks —the U.S. Federal Reserve, Japan’s Bank of Japan (BOJ) and the euro-zone’s European Central Bank (ECB).
Gold Sells Off as Crude Oil Resumes Price Slide
Gold prices have dropped to moderately lower levels as midday U.S. trading approaches. Gold’s dip coincided with falling crude oil prices, as Nymex futures traded solidly lower after posting early, slight gains. A lack of fresh, bullish fundamental ne…
Read moreRussia Continues to Boost Its Gold Reserves
Russia has defiled ongoing speculation that it has been forced to sell some of its gold reserves as it deals with a growing financial crisis.
Read moreTechnical Trading: Traders Beware These Are Not Normal Volume Conditions
Dec 22 —Gold prices are little changed in early Monday morning action, ahead of what could be a slow holiday trading week. Light volumes, tight ranges and choppy conditions are likely.