Gold Near Steady On Chart Consolidation And As FOMC Awaited
Gold prices are trading not far from unchanged levels in early U.S. dealings Wednesday.
Read moreWill The Next Super Bowl Ring Outshine The Rest?
(Kitco News) – As Super Bowl Sunday approaches, the New England Patriots and the Seattle Seahawks will be duking it out to see who lifts the coveted Vince Lombardi trophy and be crowned NFL champions.
Read moreMarkets Shouldn’t See Any Surprises In FOMC Statement – Analysts
(Kitco News) – Although the Federal Reserve is one of the only central banks to be in a position to raise interest rates, analysts are not expecting to see any major surprises Wednesday, as the Federal Open Market Committee (FOMC) is likely to remain “patient.”
Gold Gains On Safe-Haven Buying, Lower U.S. Dollar Index
(Kitco News) – Gold prices ended the U.S. day session solidly higher Tuesday, on more safe-haven demand as the U.S. stock market sold off following some downbeat quarterly earnings reports.
Dutch Central Bank Says It Didn’t Buy Gold In December
To add confusion to the gold market, the Dutch central bank says that it has not increased its gold reserves, correcting earlier information from the International Monday Fund
Read moreFreeport Slumps To $3.3 Billion 2014 Net Loss; Gold Production Down
Mining giant Freeport-McMoRan Inc. (NYSE:FCX) posted a $3.1 billion, or $3.00 per share, loss in the fourth-quarter of 2014, and a $3.3 billion, or $3.22 per share, loss for the year due to a reduction on carrying values of oil and gas, as well as impa…
Read moreGold Extends Early Gains on Safe-Haven Demand Amid Stock Market Sell-Off, Lower USDX
Gold prices have tacked on to early gains and are trading solidly higher in late-morning dealings Tuesday. The yellow metal is boosted by safe-haven buying interest as the U.S. stock market sells off sharply in the wake of disappointing corporate earn…
Read moreU.S. Consumer Confidence Rises To 102.9 In January, Highest Level Since Aug. 2007
(Kitco News) – U.S. consumers are starting the year off in an strong positive mood as optimism rose in January, according to data from the U.S. Conference Board.
Expect Thin Trading Volume As New York Digs Out From Juno – Analysts
(Kitco News) – Some analysts expect Tuesday might be a relatively quiet for markets as New York City, the world’s financial hub recovers from Storm Juno, which has been moving along the east coast since Monday.
Barclays: Short-Term Bias For Gold To The Upside
Sentiment seems to be shifting around the world, with European equities outperforming the S&P 500 in early trading on Tuesday, and gold rebounding from yesterday’s lows.
