Advance U.S. GDP Rises 0.2% In First Quarter
(Kitco News) – Harsh winter conditions at the start of the year and a stronger U.S. dollar have helped to weaken U.S. economic growth more than expected, as Department of Commerce’s advance gross domestic product report for the first quarter.
The 6PM Recap With Gary Wagner: Weak US Data Drives Dollar Down And Gold Up
The dollar turned lower after the Conference Board reported that consumer confidence slumped to 95.2 in April, well below a forecast of 102.5 and down significantly from 101.4 in March. Additionally, inflation-rate expectations were the lowest since F…
Read moreGrexit Being Resolved But Markets Could Face Brexit Next
Although recent media reports show that Greece is close to coming to a funding agreement with its European creditors, the future of the eurozone and the European Union remain in doubt.
Read moreGold Shows Good Follow-Through Strength, Hits 3-Week High
Gold prices pushed to moderately higher levels in late-morning trading Tuesday and held those gains into the close of futures trading. More follow-through short covering in the futures market and bargain hunting in the cash market, following the big g…
Read moreKitco News Introduces The Open
Markets never stop and neither do you, that is why Kitco News is excited to introduce its latest online content: The Open with Jim Wyckoff.
Read moreGold Prices Could Push Higher If Fed Signals Delay In Rate Hikes – Analysts
Gold prices could continue to push higher this week as investors adjust their expectations for interest rate hikes, analysts said.
Read moreU.S. Dollar Still On Its Way To Parity With Euro – Capital Economics
U.S. dollar strength has not run its course just yet, despite recent weakness say economists at Capital Economics. They add that they are expecting the euro to fall to parity against the U.S. dollar by the end of the third quarter. Looking at the U.S. dollar’s current correction, they say “we expect this to be a temporary pause rather than a permanent reversal in the rise of the U.S. currency.” They say that monetary policy differentials between the Federal Reserve and the European Central Bank will continue to dominate the marketplace, supporting the greenback.
Gold Rallies Modestly as U.S. Dollar Index Shows Solid Losses
Gold futures have pushed to moderately higher levels in late-morning trading Tuesday. More follow-through short covering in the futures market and bargain hunting in the cash market, following the big gains scored Monday, are featured today. The gold …
Read moreU.S. Consumer Confidence Falls To 95.2 In April
(Kitco News) – U.S. consumer confidence fell in April, giving back some of the strong gains seen in the previous month, according to the latest data from the U.S. Conference Board.
Read moreSale Of El Salvador’s Gold Reserves Confuses Analysts
(Kitco News) – According to recent data from the International Monetary Fund (IMF), El Salvador sold about 80% of its gold reserves last month.
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