Gold Today -New York closed at $1,293.20 yesterday after closing at $1,293.80 Tuesday. London opened at $1,284.00 today. Overall the dollar was slightly stronger against global currencies, early today. Before London's opening: - The $: EUR was slightly stronger at $1.1232 after yesterday's $1.1254: EUR1.- The Dollar index was stronger at 96.89 after...Read More
UK elections, European central bank meeting and US economic data releases will all affect metals and energies sector. Volatility will be very high. I am against buying gold unless it breaks and trades over $1303. I am against buying silver unless it breaks and trades over $17.81. Crude oil see a big sell off only if it trades below $45.50 and more so in US session. Currencies will affect bulli...Read More
TOKYO, June 9 (Reuters) - Nikkei futures and options contracts expiring in June were forecast to settle at 19,997.63, market participants said on Friday, citing estimates by brokerages.The closely watched settlement price, known in Japan as the special quotation, or "SQ", is calculated from the opening prices of the 225 shares in the Nikkei average on the second Friday of the month.It is calculate...Read More
It was the moment we had been waiting all week for: former FBI Director James Comey gave public testimony to the Senate on President Donald Trump and possible connections with Russia. Wall Street was riveted. But Comey's damning retelling of events did not push markets in any major direction. Stocks did manage, however, to close out the session with small gains. The S&P 500 was up 0.03%, th...Read More
June 9 (Reuters) - For other diaries, please see:Top Economic Events Polling unit diary Today in Washington Political and general news DATECOUNTRYAUCTION DETAILS 12-JunUnited StatesSale of 3-year notes 12-JunUnited StatesSale of 10-year notes 12-JunItalyBills auction 13-JunUnited StatesSale of 30-year bond 13-JunSpainAuction of 6- and 12-month Treasury bills 13-JunItalyMedium-Long Term auction 13-...Read More
June 9 (Reuters) -For other diaries, please see:Top economic events Government debt auctions Political and general news events Index of all diaries Guide to economic indicators -----------------------------------------------------------This Diary is filed daily. ** Indicates new events. ----------------------------------------------------------- FRIDAY, JUNE 9 ** PRAGUE - Czechs host Security and...Read More
June 9 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling unit diary Today in Washington Political and general news -----------------------------------------------------------This Diary is filed daily. Indicates new events----------------------------------------------------------- FRIDAY, JUNE 9 ** OTTAWA - Canadian Finance Minister Bill Morneau holds talks with U.S. Treasury Se...Read More
British Prime Minister Theresa May faces a "huge post-mortem" about her general election campaign and questions about the direction of the Conservative Party, former finance minister George Osborne said on Friday.Osborne, a cabinet colleague of May's until she ousted him as finance minister, said May would remain as prime minister if she can win a majority - something an exit poll on Thursday show...Read More
* British exit polls point to hung parliament in blow for May* Pound down 1.4 pct after dropping as much as 2 pct vs dollar* Movements in dollar, euro and yen limited, Comey taken in stride By Shinichi SaoshiroTOKYO, June 9 (Reuters) - The pound fell sharply in early trade on Friday after a British election exit poll showed Prime Minister Theresa May's Conservative Party falling short of a majori...Read More
By Kate Holton and David Milliken | LONDONPrime Minister Theresa May's Conservative Party will fail to win a parliamentary majority in Britain's election, according to an exit poll on Thursday, a shock result that would plunge domestic politics into turmoil and could delay Brexit talks.The exit poll predicted the Conservatives would win 314 seats in the 650-member parliament and the opposition Lab...Read More
James Comey kept memos of his meetings with President Donald Trump because he was worried he would lie about their interactions, he told the Senate Intelligence Committee on Thursday. The former FBI director said he felt the need to document his time with Trump because they were alone, because of the subject matter, and "because of the nature of the person" in sworn testimony. "I was honestly c...Read More
LIMA, June 8 (Reuters) - Peru's central bank held its benchmark interest rate at 4 percent on Thursday, a surprise decision as the market had been expecting a cut.A Reuters poll had seen the bank cutting the rate 25 basis points to 3.75 percent. Last month, the bank cut the benchmark rate 25 basis points, the first time the rate had moved in 14 months. (Reporting by Ursula Scollo; Writing by Gram...Read More
* Graphic: World FX rates in 2017 * Euro falls after ECB keeps rates on hold* Nasdaq closes at record high, Dow hits record intraday high* Sterling slides as poll predicts May failed to win majority* Top European share index briefly touches 3-week low* Oil prices touch 1-month lows (Adds moves in U.S. stock and Treasury futures)By Noel RandewichJune 8 (Reuters) - U.S. and European stocks were litt...Read More
The market has no clue that it has severely undervalued the price of gold. While Central bank intervention has worked hard at capping the gold price, the "Great Gold Supply Disconnect" will most certainly remedy that situation. This gold supply disconnect took place after the gold price peaked in 2011.That being said, the world is speeding recklessly towards an epic market catastrophe. No, t...Read More
June 9 (Reuters) - Australian shares are set to open flat on Friday as a slew of geopolitical uncertainties are seen keeping market sentiment skittish.An exit poll on Thursday said Prime Minister Theresa May's Conservative Party would fail to win a parliamentary majority in Britain's election, while Australian police were seen carrying out "counter-terrorism" raids in Melbourne early on Friday.The...Read More
(Recasts with rise in Mexican peso; adds details on Mexico, Brazil currency gains)June 8 (Reuters) - Mexico's peso on Thursday hit its strongest level since the election of Donald Trump as U.S. president, while Brazil's currency firmed on bets a trial will not oust President Michel Temer.The peso gained after data showed a jump in inflation to an eight-year high, backing expectations of more centr...Read More
(Adds detail on U.S.-based commodities precious metals funds, emerging market equity and fixed-income funds; table)By Sam Forgione and Jennifer AblanNEW YORK, June 8 (Reuters) - Investors in U.S.-based funds poured $1.4 billion into mutual funds and exchange-traded funds that invest in U.S. Treasuries in the week ended June 7, marking the biggest inflows since late January, data from Thomson Reute...Read More
By Estelle Shirbon and Michael Holden | LONDONPrime Minister Theresa May's Conservative Party will fail to win a parliamentary majority in Britain's election, according to an exit poll on Thursday, a result that would plunge domestic politics into turmoil and could delay Brexit talks.The exit poll predicted May's party would not win a majority of the 650 seats in parliament to take office alone, m...Read More
Two key events occurred today which have had an adverse impact on gold prices, being cited as underlying factors for today's dramatic selloff. Beginning in Europe, the European Central Bank (ECB) held a monetary policy meeting which resulted in unchanged interest rates. This put selling pressure on the Euro dollar and was, therefore, favorable for the U.S. dollar.As reported by Pound Sterling, "Th...Read More
SAO PAULO, June 8 (Reuters) - State-controlled Petr??leo Brasileiro SA has removed the engineering unit of Brazilian conglomerate Andrade Guti?(C)rrez SA from a list of banned contractors, after the latter signed a leniency accord with prosecutors over a corruption scandal.In a Thursday securities filing, Petrobras said terms of an accord with Andrade Guti?(C)rrez include unspecified monitoring an...Read More