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 Originally from MarketWatch
THE PRICE OF WHOLESALE gold bullion touched yet another all-time high against the Dollar in London on Thursday, breaking $1315 an ounce as the US currency slid once more on the forex market before easing back. Investors buying gold today in India and China, the world’s two top demand nations, also saw it breach new [...]
A survey showing manufacturing in the Chicago area rose pushed gold lower. The metal earlier traded past $1,315 an ounce. Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Canadian stocks fell Thursday morning, led by declines in shares of Canadian gold companies as gold prices retreated. The S&P/TSX Composite Index fell 19.1 points, or 0.2%, to 12,363.7, following news from Statistics Canada that the country’s real GDP fell by 0.1% in July. Canada’s Barrick Gold Corp. and Goldcorp Inc. [...]
Gold set another new record yesterday (Wednesday), closing above $1,300 an ounce for the second-straight day. The London Bullion Market Association – at its annual conference this week – projected that the “yellow metal” would advance to $1,450 in the next year. With the U.S. Federal Reserve, the Bank of England (BOE) and the Bank [...]
A weaker dollar and news of slower growth in the U.S. economy help set the stage for further gains in gold futures, which trade past $1,315 an ounce at the contract’s intraday high. Originally from MarketWatch
Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures added to gains and gold futures turned lower after news that manufacturing in the Chicago area rose to 60.4% in September compared to 56.7% in the previous month. Analysts had expected a drop. Oil for November delivery added $1.31, or 1.7%, to $79.16 a barrel. Gold for December delivery [...]
It is interesting to watch Wall Street defy reality. This is a scene we’ve observed since the early 1960s, the effect of debt on the economy and the nation and in turn on its currency. The result of the profligacy over all those years is the biggest bull market in history in gold and silver. [...]
NEW YORK (MarketWatch) — Gold futures were on the rise again Thursday after finishing at another record high the prior session. Gold futures for December delivery were up $4.6 to 1,314.90 in electronic trade on the New York Mercantile Exchange. The contract ended at a record high of $1,310.30 an ounce on Wednesday. Originally from [...]
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