NEW YORK (TheStreet) — Gold prices were rising modestly Monday morning as investors braced for a spate of economic news and the outcome of the U.S. midterm elections. Gold rose as “expectations the Federal Reserve will unveil further U.S. monetary easing at a meeting on Nov. 2/3 pressured the dollar,” RBC Wealth Management senior vice [...]
The US QE debate continues to drive asset prices – specifically Gold up and USD down. While the recent discord has revolved around the size of the Fed’s potential stimulus spurred by the disappointing ADP figures, we are hearing more dissenting opinions which are bringing a level of sanity to earlier predictions. The Kansas City [...]
Fundamentals The bull market in Gold futures got a major boost yesterday afternoon, after the Federal Reserve policy making committee left open the possibility of additional easing to help spur economic growth. Traders reacted to this statement by selling the U.S. Dollar, which helped to support commodities — especially Gold. In addition, some investors and [...]
NEW YORK (TheStreet) — Gold prices continue to advance a day after a key statement from the FOMC was released. The statement — which suggested the possibility of additional quantitative easing and said policymakers would be keeping the target fed funds rate at a low 0% to 0.25% — provided investors with more direction on [...]
NEW YORK (TheStreet) — Gold prices softened ahead of a key Federal Open Market Committee statement that would provide investors with more direction on where the economy was headed. The policymakers are expected to leave the key fed funds target rate untouched at zero to 0.25%. However, investors and analysts are still waiting to hear [...]
North American Commodity Update Commodities – Energy Risk Appetite Encourages the First Rally for Oil in a Week but Coming Event Risk Marks a New Day Crude Oil (LS Nymex) – $73.66 // -$0.91 // -1.22% An upswing amongst the speculative crowd would find a buyer friendly market in US crude. Having sold off for [...]
Originally from MarketWatch
NEW YORK (MarketWatch) — Crude oil fell and gold futures were higher early Wednesday, ahead of a report on new home sales in May and the Federal Reserve’s decision on interest rates. Crude oil for August delivery fell 47 cents, or 0.6%, to $77.38 a barrel. Gold for August delivery was up $1.50, or 0.1%, [...]
The U.S. Dollar is trading lower ahead of this afternoon’s FOMC policy meeting. This weakness is helping to boost April Gold prices overnight. The recent break in gold stopped short of the late February bottom at $1088.50 to maintain the uptrend. Buyers came in on Monday to support prices after the hard sell-off in the [...]
Right. The much awaited FED FOMC statement is behind us. Where does that leave the two most important classes of assets vis vis other assets and with respect to each other. Originally from The Market Oracle
Right. The much awaited FED FOMC statement is behind us. Where does that leave the two most important classes of assets vis vis other assets and with respect to each other. Originally from The Market Oracle
© 2012 Gold Speaks
