Gold has climbed to a seven-week high bolstered by a weaker dollar and continuing expectations the Fed won’t hike interest rates in 2015.
“Markets are continuing to price in doubt about a Fed rate hike in December despite Vice Chairman Fischer’s weekend comments,” said Ric Spooner, chief analyst at CMC Markets.
The yellow metal gained as much as 0.9% to $1,166.80 an ounce, the highest since
By Ben Lockhart
Transcript:
Carter, would you stay long? We do. We like gold. A tough week down 3% on the week and almost as cited here back to where it started on the year but the real issue is is the bottoming out action of the past two years legitimate or is it the stall before the next down leg. We think it is the former,
Dennis Gartman explains what will save gold, which is down $75 in the last 2 weeks. Gold’s next move, with CNBC’s Jackie DeAngelis and the Futures Now Traders. Goldman Sachs predicts as much as 16 percent decline for the metal in 2014, but gold bugs such as Terry Sacka say “nay”.
Creamer Media’s Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about the industrial uses for gold and the unique properties of nanogold that can be used as a catalyst to remove
JOHANNESBURG (miningweekly.com) — The prospects for the greater industrial use of gold are increasing encouragingly, the top brass of South Africa’s State-owned minerals research organization Mintek said this week.
Mintek president and CEO Abiel Mngomezulu and the organization’s two top gold researchers, Dr Gary Pattrick and Dr Robert Tshikhudo — who were
Gold moved to the upside breaking 6-day losing streak today. The “Futures Now” crew breaks down the precious metal’s move. Credit the dollar for gold’s move and find out how the ECB (European Central Bank) decision on interest rates tomorrow will affect both the gold and the dollar. If rates are cut then
On Wednesday September 18th 2013, gold bullion skyrockets in late trading more than $50 to just over $1,365.
Soaring approximately 4% on Wednesday after the Federal Reserve bucked expectations by not tapering its $85 billion monthly bond-buying program known as quantitative easing, or QE. After hovering above and below $1,300 in anticipation of
Precious metals experienced a huge lull in sales and spot in April of 2013, however a new trend has surfaced in the Gold & Silver Eagle market. The demand for both precious metals coins remained strong in the first four months of 2013, however now people are significantly purchasing more Silver Eagles — leading to an expected higher percentage gain in silver than gold in the near term.
The ratio was
Will this push gold past the $2000 mark as Bank of America is forecasting $2,000 an ounce by the end of this year?
Japanese pension funds and gold-backed exchange traded products are going to more than double their
