Gold is Breaking Out Against Currencies Other than the DollarHistorical Volatility of the Ratio is Near a 10-Year LowBollinger Bands Can be Used to Calculate the DistributionWhen you are evaluating the price of gold it's important to understand that the yellow metal is quoted in dollars and therefore the price that you see in the United States is different than prices outside the United States. Su...Read More
CloseGain/LossGold $1325.20-$8.50Silver$16.48-$0.26XAU78.79-2.48%HUI173.41-2.50%GDM605.87-1.64%JSE Gold1138.24-1.85USD89.58-0.04Euro124.13+0.03Yen94.35+0.09Oil$61.15-$1.4510-Year2.882%-0.002T-Bond144.125-0.28125Dow24801.36-0.33%Nasdaq7396.65+0.33%S&P2726.80-0.05% The Metals: Gold fell $10.90 to $1322.80 in early afternoon New York trade before it edged back higher into the close, but it st...Read More
- Gold no longer fears or pays attention to Fed announcements regarding interest rates- Renewed interest in gold due to inflation fears and concern Fed won't do enough to control it- Higher interest rates on horizon will make debt levels unsustainable- New Fed Chair warns "the US is not on a sustainable fiscal path" and could lead to an "unsustainable" debt load- Higher interest rates are good f...Read More
Trade wars will increase as the Trump administration is considering clamping down on Chinese investments in the USA along with imposing tariffs on a broad range of Chinese imports. Gary Cohn resigning as Trump's top economic advisor will be bearish for the US dollar and bullish for gold. Key US economic data releases begin from today with February US private ADP jobs number. It remains to be s...Read More
CloseGain/LossGold $1325.20-$8.50Silver$16.48-$0.26XAU78.79-2.48%HUI173.41-2.50%GDM605.87-1.64%JSE Gold1138.24-1.85USD89.58-0.04Euro124.13+0.03Yen94.35+0.09Oil$61.15-$1.4510-Year2.882%-0.002T-Bond144.125-0.28125Dow24801.36-0.33%Nasdaq7396.65+0.33%S&P2726.80-0.05% The Metals: Gold fell $10.90 to $1322.80 in early afternoon New York trade before it edged back higher into the close, but it st...Read More
- Gold no longer fears or pays attention to Fed announcements regarding interest rates- Renewed interest in gold due to inflation fears and concern Fed won't do enough to control it- Higher interest rates on horizon will make debt levels unsustainable- New Fed Chair warns "the US is not on a sustainable fiscal path" and could lead to an "unsustainable" debt load- Higher interest rates are good f...Read More
Trade wars will increase as the Trump administration is considering clamping down on Chinese investments in the USA along with imposing tariffs on a broad range of Chinese imports. Gary Cohn resigning as Trump's top economic advisor will be bearish for the US dollar and bullish for gold. Key US economic data releases begin from today with February US private ADP jobs number. It remains to be s...Read More
By Ira Iosebashvili Gold prices fell Wednesday, as investors locked in recent gains on the metal ahead of key U.S. economic data later in the week. Gold for April delivery was recently down 0.6% at $1,326.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices for gold, a popular destination for nervous investors, hit $1,342 a troy ounce Tuesday evening after economic...Read More
Kai Hoffmann, the CEO of North America's leading provider of relevant financing information in the junior commodities space, Oreninc.com talks about the rece...Read full newsRead More
The continuation of yesterday’s strong upside move in gold was short-lived with today’s price decline erasing much of Tuesday’s $17 gain.Gold is trading under strong pressure today in reaction to the robust ADP jobs report and the release of the Federal Reserve’s Beige Book. As of 5:00 PM Eastern standard time, gold futures are currently down -$8.90 at $1326.30.Gold had bee...Read More
Steve HollandWASHINGTON (Reuters) - The White House on Wednesday raised the possibility that impending hefty U.S. tariffs on steel and aluminum imports could exclude a clutch of countries other than Canada and Mexico as President Donald Trump planned to authorize the measures on Thursday.Trump is expected to sign a presidential proclamation establishing the tariffs during a ceremony scheduled for...Read More
The continuation of yesterday’s strong upside move in gold was short-lived with today’s price decline erasing much of Tuesday’s $17 gain.Gold is trading under strong pressure today in reaction to the robust ADP jobs report and the release of the Federal Reserve’s Beige Book. As of 5:00 PM Eastern standard time, gold futures are currently down -$8.90 at $1326.30.Gold had bee...Read More
The government of British Columbia revealed today the timeline that will guide the procedures to reform the province's environmental assessment process.Known by its initials, the EAP is a course of action to predict environmental effects of proposed initiatives, particularly mining and resource extraction projects, before they are carried out. In general, an EAP should identify potential adverse e...Read More
The government of British Columbia revealed today the timeline that will guide the procedures to reform the province's environmental assessment process.Known by its initials, the EAP is a course of action to predict environmental effects of proposed initiatives, particularly mining and resource extraction projects, before they are carried out. In general, an EAP should identify potential adverse e...Read More
The government of British Columbia revealed today the timeline that will guide the procedures to reform the province's environmental assessment process.Known by its initials, the EAP is a course of action to predict environmental effects of proposed initiatives, particularly mining and resource extraction projects, before they are carried out. In general, an EAP should identify potential adverse e...Read More
FTSE 100 closes up just 11 ptsUS stocks open lower after Trump economic advisor quitsRolls-Royce top Footsie riser as results beat forecasts FTSE 100 closed in positive territory, but not by much, as US stocks saw red, and traders wait to see what President Trump will do next on his tariff threats.The UK blue-chip benchmark closed up around 11 points at 7,157, while FTSE...Read More
Gold capped at 1340 NFP on Friday is the next market mover Gold is trading lower at 1324 down 0.78% on the day after jumping more than $5 on the news that Cohn, top Trump economic advisor resigned. The news was perceived quite bearish for the economy as a whole. However, the bull breakout was short-lived as $1340 seemed to be a profit-taking area for bulls and an entry point for bears. Go...Read More
The White House on Wednesday raised the possibility that impending hefty U.S. tariffs on steel and aluminum imports could exclude a clutch of countries other than Canada and Mexico as President Donald Trump planned to authorize the measures on Thursday.Trump is expected to sign a presidential proclamation establishing the tariffs during a ceremony scheduled for 3:30 p.m. (2030 GMT) on Thursday, a...Read More
Northern Star Resources (ASX: NST) announced today that it has agreed to pay Westgold Resources (ASX: WGX) $62.6 million for the South Kalgoorlie mine, located about 50 kilometres from its Kundana operations in Western Australia.In a press release, Northern Star explained that the acquisition comprises the project's operating processing facility, which has an annual throughput capacity of 1.2 mill...Read More
Northern Star Resources (ASX: NST) announced today that it has agreed to pay Westgold Resources (ASX: WGX) $62.6 million for the South Kalgoorlie mine, located about 50 kilometres from its Kundana operations in Western Australia.In a press release, Northern Star explained that the acquisition comprises the project's operating processing facility, which has an annual throughput capacity of 1.2 mill...Read More