IMF May Be Too Optimistic On Global Growth – Capital Economics
The International Monetary Fund made headlines Tuesday as it said the world economy will like see moderate growth of 3.5% in 2015 and stronger growth of 3.8% in 2016. However, economists at Capital Economics say that the international organization might be a little too optimistic. “The IMF has consistently overestimated growth prospects over the past five years,” they say. The firm is sticking with its call made in late 2012 that global growth will average 3.3% between 2015 and 2020. “If that proves accurate, the IMF will still be revising down its forecasts in the coming years,” they add.
Gold Ends Weaker But Early Losses Pared as U.S. Dollar Index Sells Off
Gold prices ended the U.S. day session moderately lower Tuesday, but up from solid losses that saw prices hit a two-week low in early U.S. trading. June Comex gold was last down $6.90 at $1,192.50 an ounce. May Comex silver was last down $0.101 at $16…
Read moreTime To Own Real Assets Like Gold, Not Paper – John Hathaway
(Kitco News) – Despite recent disinterest in gold from Western markets, one famed portfolio manager in the gold industry says contrarians need to remember the metal’s appeal.
Gold To Average $1,170, Hold Above $1,000 In 2015 – GFMS
(Kitco News) – An improving U.S. economy will provide less momentum for gold prices in 2015 according to the 2015 Thomson Reuters GFMS Gold Survey.
Read moreBlackrock Expects Mining Company Austerity To Continue
According to a portfolio update from the Blackrock World Mining Trust plc, they expect to see continued price weakness from commodities on the back of continued U.S. dollar strength and modest demand.
Read moreGold Recovers from Earlier Selling Pressure as U.S. Dollar Index Weakens
Gold prices are now trading just modestly lower in mid-morning dealings Tuesday, and have recovered much of the losses seen in earlier trading, which pushed gold to a two-week low. A weaker-than-expected U.S. retail sales report and an ensuing drop i…
Read moreU.S. Producer Prices Rise 0.2% In March
(Kitco News) – Despite continued weaker oil prices, pipeline inflation increased in March, according to the latest data from the U.S. Department of Labor. However, the rise was slightly below expectations.
Read moreU.S. Advance Retail Sales Rise 0.9% In March
(Kitco News) – Improving weather conditions and the advent of spring caused U.S. consumers to spend more last month, ending three consecutive months of delcines, according to the latest data from the U.S. Census Bureau.
Read moreGold at 2-Week Low on Lack of Bullish News and Weakening Technical Posture
Gold prices are solidly down and dropped to a two-week low in early U.S. trading Tuesday.
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