Gold Heading To $1180.00
Precious Metals & Industrial Metals Turning Green
Commodities primarily metals and energy took a nosedive after the FOMC decision. Earlier in the week metals were supported by the massive stimulus program by the Peoples Bank of China. Asian equities trade on a mixed to positive note with Japanese Nikkei scaling higher as it currency tumbled to fresh multi-year lows against the USD. Elsewhere in the US and Europe, equities closed firmly in the green tracking continued set of optimism from FED and notwithstanding the subdued housing and....
Silver Takes A Major Plunge Followed Closely By Copper
Gold continues to decline even as the US dollar edges down this morning as traders move to higher risk assets. Global stock markets benefited last week with US markets setting records. Gold is trading at 1214.70 down by $2.00. Silver tumbled as global industrial metal demand took a nose dive also. Silver fell 311 points to trade at 17.533 as trader’s dumped metals. Platinum fell $3.05 to trade at 1333.00. Gold prices slipped to its lowest level in more than...
Gold continues to decline even as the US dollar edges down this morning as traders move to higher risk assets. Global stock markets benefited last week with US markets setting records. Gold is trading at 1214.70 down by $2.00. Silver tumbled as global industrial metal demand took a nose dive also. Silver fell 311 points to trade at 17.533 as trader’s dumped metals. Platinum fell $3.05 to trade at 1333.00. Gold prices slipped to its lowest level in more than...
Metals Fall Under The Weight Of The US Dollar
Gold fell toward a three-month low as investors assessed the outlook for higher U.S. interest rates and a strengthening dollar amid easing tensions in Ukraine. Platinum dropped to the lowest level in seven months. Gold fell as much as 0.3 percent to $1,246.53 yesterday and continued its decline in the Asian session giving up $4.10 to hit 1234.90. Comex silver is currently trading at $18.92. With the dollar index trading near a 14-month peak on Thursday on increasing speculation that...
Gold fell toward a three-month low as investors assessed the outlook for higher U.S. interest rates and a strengthening dollar amid easing tensions in Ukraine. Platinum dropped to the lowest level in seven months. Gold fell as much as 0.3 percent to $1,246.53 yesterday and continued its decline in the Asian session giving up $4.10 to hit 1234.90. Comex silver is currently trading at $18.92. With the dollar index trading near a 14-month peak on Thursday on increasing speculation that...
This Will Be A Crazy Market Week – FOMC, Alibaba IPO, Scottish Independence
This is going to be one crazy week for the markets. Tuesday and Wednesday are the FOMC meetings with a decision and speech by Janet Yellen on Wednesday afternoon. No changes are expected in the current Federal Reserve plans but there is expected to be a change in the tone of Ms. Yellen’s presentation, as future interest rate increases are key. Although Ms. Yellen will not give any specifics, traders believe her words and a move from a dovish stance...
This is going to be one crazy week for the markets. Tuesday and Wednesday are the FOMC meetings with a decision and speech by Janet Yellen on Wednesday afternoon. No changes are expected in the current Federal Reserve plans but there is expected to be a change in the tone of Ms. Yellen’s presentation, as future interest rate increases are key. Although Ms. Yellen will not give any specifics, traders believe her words and a move from a dovish stance...
Precious Metals & Industrial Metals Turning Green
On Monday the metals market was green across the board and remain so on Tuesday morning. Gold climbed this morning adding $2.00 to reach 1237.10. Gold prices are trading higher by around 0.8 percent on bargain buying at lower levels after the recent fall in prices. However, weak physical demand and fears the Federal Reserve may signal an early interest rate increase at this week's policy meeting. The Fed meeting may be pivotal as it debates a potential overhaul of...
Metal Markets Trading In The Green
Metal Markets ranging from precious to industrial metals gained on Tuesday. With traders focused on the Federal Reserve, new headlines came from all unexpected sources this week. The OECD reduced global growth on Tuesday, with G7 countries all seeing downgrades, with US growth being revised from 2.6% to 2.1%. Next along comes a huge new stimulus package from China. Gold gained and then moved back to its previous trading level and is holding at 1237.30 ahead of the FOMC decision...
Metal Markets ranging from precious to industrial metals gained on Tuesday. With traders focused on the Federal Reserve, new headlines came from all unexpected sources this week. The OECD reduced global growth on Tuesday, with G7 countries all seeing downgrades, with US growth being revised from 2.6% to 2.1%. Next along comes a huge new stimulus package from China. Gold gained and then moved back to its previous trading level and is holding at 1237.30 ahead of the FOMC decision...
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