Stocks, commodities, gold and bonds can continue rallying in the fourth quarter as a worsening economy makes a Fed boost more likely. Originally from MarketWatch
SYDNEY (MarketWatch) — Shares got off to a positive start in Australian trading on Friday, the first trading session of the fourth quarter. Miners were among the strongest performers on Friday, with BHP Billiton Ltd. shares up 1.6%, gold miner Newcrest Mining Ltd. climbing 1% and Rio Tinto shares rising 0.7%. The gains for the [...]
Originally from MarketWatch
NEW YORK (TheStreet) — Spot gold prices were lackluster on Thursday upon the surprise outcome in the Chicago Purchasing Managers’ Index and to a certain degree the decline in jobless claims. Spot silver prices, which are frequently viewed as a cheaper alternative to gold, were also softer upon the surprise economic numbers. The dollar index [...]
Declining gold prices and reports of a lower GDP for July leave Canadian stocks on lower footing Thursday, with Toronto’s main stock index falling. For the month as a whole, however, September’s close marked the TSX’s third straight month of gains. Originally from MarketWatch
It seems gold is all that glitters for investors nowadays, but the funny thing about gold’s headline-hogging performance is that the hottest investments going are U.S. and international stocks. Originally from MarketWatch
Despite a positive start to the last day of September, gold dipped on profit taking and a firmer dollar, but then recovered some lost ground late in the day Originally from Mineweb – Daily news headlines
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report writes: With gold punching the $1,300 mark, thoughts of what a gold mania will be like crossed my mind. If we’re right about the future of precious metals, a gold rush of historic proportions lies ahead of us. Have you thought about how a mania might [...]
Gold weakens but gains about 5% for month and quarter. Silver and copper do even better. Originally from MarketWatch
So far today, the weakness in the SPDR Gold Shares (NYSE: GLD) has not inflicted significant technical damage to the Aug-Sept uptrend. To do that, the GLD must break back beneath today’s low at 126.61– and follow through to violate the prior significant pivot low at 125.58. Originally from The Market Oracle
SAN FRANCISCO (MarketWatch) — A stronger dollar denied gold its 12th record high settlement in September, but the metal managed to settle above $1,300 an ounce on Thursday. Gold for December delivery declined 70 cents, or 0.7%, to $1,309.60 an ounce. Gold opened higher but lost steam as the dollar strengthened. Silver also fell off [...]
A survey showing manufacturing in the Chicago area rose pushes gold lower. Originally from MarketWatch
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