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A weak dollar, excessive optimism in the stock market and rising inflation may help send gold prices above $1,900 an ounce this year, surpassing the all-time high from 2011.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending January 16 on Friday.
1. The year of living normally As the Trump presidency reaches the eve of its first year, the US government teeters on the verge of a shutdown. After 12 months of a nonstop, often maddening news cycle, one can forgive the federal government for needing a break. I know my news-tab gathering laptop has been…
The technical set-up is there. Now all we need is a catalyst. The catalyst is likely going to be the decision about the government shutdown.
Market report: Oil slips off multi-year highs as IEA predicts 'explosive' US shale growth in 2018
Here’s a message from the boss you’d likely remember for a long time, even if it arrived as a routine and private email: “You are not a top performer.” For most conscientious professionals, “You are a top performer” would be memorable, too. Some background: The power of emailed nomenclature such as this was highlighted last…
On January 12, 2018, gold prices hit a four-month high of $1,338.20 per ounce, and it ended the day at $1,333.40. The implied volatility in gold was 8.9%. Most of these gains were due to the steady decline in the price of the dollar. The US dollar (UUP), tracked by the DXY Currency Index (or DXY) was down 1.0% on January 12.
BENGALURU/MUMBAI (Reuters) - Gold demand in China firmed this week as retailers stocked up ahead of the Chinese New Year while price discounts widened in India, partly on expectations of a reduction in import duty in next month's budget. Spot gold prices, up by more than 5 percent in the past month, rose on Friday, helped by a weaker dollar amid worries about a possible U.S. government shutdown, but remained on course for a first weekly drop in six weeks. Gold was being sold at a premium of about $8 an ounce in China, compared with a range of $5-8 last week.
The Kiwi Dollar takes another hit after December manufacturing output growth slowed to the lowest level since December 2012, with UK retail sales to drive the Pound. For the Dollar, it’s all in the hands of the Senate with a government shut down likely to sink and already pressured Dollar.
Investing.com - Crude oil prices fell in Asia on Friday with fresh supply/demand and production figures on tap later in the day to set the tone.
Investing.com – Crude oil prices settled lower on Thursday as traders fretted over a sharp rebound in US production which offset data showing crude supplies fell for the ninth-straight week.
We’re in the home stretch of “awards season,” which means that the Oscars—the crown jewel of award shows—will soon be upon us. Rejoice, for there is great cinema to be enjoyed, and even more to discuss and dissect in the remaining days of what’s been an uncharacteristically hazy season. By now, the race for best…
Investing.com – Gold prices eased from four-month highs as US yields rose sharply after strong growth data from China and amid expectations that inflation would soon gather pace.
From Chris Kimble: It’s been a while since gold bulls were able to celebrate something more than a swing trade. Will 2018 bring gold bulls the breakout they’ve been patiently waiting nearly 5 years for? Since the 2011 top, there… Read more ›
Zacks Industry Outlook Highlights: Alamos Gold, Richmont Mines, Barrick Gold, Franco-Nevada and Sandstorm Gold
Chile's environmental agency has ordered the definitive closure of the Barrick Gold Corp Pascua-Lama mining project and fined the company 7 billion pesos or for environmental violations, the agency said ...
From Dana Lyons: The popular gold-based exchange traded product, “GLD“, is testing the Down trendline from its 2011 peak. I think most participants would likely characterize recent markets as exciting — or, at least, interesting. That’s because, despite historically depressed… Read more ›