Gold: $1,476.708.00 Silver: $16.980.05

Jobs report may test market’s complacency

(Reuters) – The U.S. stock market has been quiet this week – too quiet. Wall Street has traded in a tight range of late, with both volatility and trading volumes drying up as the earnings season winds down and Federal Reserve Chair Janet Yellen’s recent Congressional testimony delivered no surprises. While markets have held near […]

Dow Jones Industrial Average Drops After US Economic Growth Cools In Q4

U.S. stocks traded lower early Friday after data indicated the national economy grew slower than previously estimated last quarter. Meanwhile, a separate report showed American consumer sentiment dipped from an 11-year high in February. The Dow Jones Industrial Average, measuring the share prices of 30 large industrial companies, shed 20.97 points, or 0.12 percent, to […]

Gold Bullion Jumps, Halves February’s Euro Drop

GOLD BULLION prices jumped mid-afternoon Friday, ending the month at $1214 per ounce on the London Fix as after new data showed inflation in Germany and consumer sentiment in the US both stronger than analysts predicted. US economic growth for 2014 also beat consensus forecasts, revised less badly to 2.2%. Gold prices rose more sharply […]

China plans yuan-denominated gold fix this year -sources

SINGAPORE, Feb 27 (Reuters) – China plans to launch a yuan-denominated gold fix this year to be set through trading on an exchange, sources familiar with the matter said, as the world’s second-biggest bullion consumer seeks to gain more say over the pricing of the precious metal. The Chinese benchmark would be derived from a […]

What charts say about the outlook for gold

Weaker-than-expected U.S. housing data lifted gold prices from a seven-week low on Monday, but charts suggest that investors shouldn’t get too excited. Gold got some reprieve on Monday, rebounding from a seven-week low intraday after data showed U.S. home resales for January declined to a nine-month low. The data are unlikely to dent the overall […]

Gold down on strong shares, set for biggest monthly loss since Sept

Gold edged down on Friday and was heading for its biggest monthly loss since September as European shares traded near seven-year highs and upbeat U.S. data supported expectations of a rate hike by the Federal Reserve this year. Gold has fallen more than 7 percent from a five-month high above $1,300 an ounce hit in […]

Gold trade coming back, if you can wait 2 years: BofA

Gold will come under further pressure over the course of the year as the Federal Reserve moves closer to lifting rates, but prospects for the precious metal looks far more promising in the next few years, according to Bank of America Merrill Lynch. “Right now, investors are not in the mood for holding gold because […]

Gold rises 1 pct on U.S. rate hike view, Chinese buying

Gold rose 1 percent on Thursday after comments from the Federal Reserve pushed back expectations for the first U.S. rate hike in nearly a decade, and as Chinese buyers snapped up metal on their return from the Lunar New Year break. Spot gold was up 1.1 percent at $1,217.95 an ounce at 1015 GMT, after […]

Federal Reserve Signals Possible Rate Hike Delay, Bonds Stall

The Federal Reserve plans to keep interest rates at historic lows as labor participation and price inflation data remains weak. Federal Reserve Chairperson Janet Yellen told congress Tuesday that the Federal Reserve has no plans to raise interest rates in “the next couple of FOMC meetings,” adding that economic conditions are improving, but there is […]

Janet Yellen says Federal Reserve flexible on rate rise

Janet Yellen has said the Federal Reserve can be flexible in deciding when to raise interest rates, which have been near zero since 2008. The Fed’s chief said that while the US economy was improving, the US employment situation was still fragile. “Too many Americans remain unemployed or underemployed… wage growth is still sluggish,” she […]

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