Markets’ Rational Complacency – Nouriel Roubini
NEW YORK – An increasingly obvious paradox has emerged in global financial markets this year. Though geopolitical risks – the Russia-Ukraine conflict, the rise of the Islamic State and growing turmoil across the Middle East, China’s territorial disputes with its neighbors, and now mass protests in Hong Kong and the risk of a crackdown – have multiplied, markets have remained buoyant, if not downright bubbly.
Gold Sinks to 9-Month Low Amid Bearish “Outside Market” Forces
Gold prices ended the U.S. day session lower and fell to a nine-month low Tuesday. The key “outside markets” were in a bearish posture for the precious metals, as the U.S. dollar index was higher and crude oil prices were sharply lower. Both gold and silver prices closed at technically very bearish monthly and quarterly low closes, on this last trading day of the month and of the third quarter. December Comex gold was last down $7.20 at $1,211.60 an ounce. Spot gold was last quoted down $4.10 at $1,211.50. December Comex silver last traded down $0.502 at $17.065 an ounce.
Swiss Gold Referendum Attracting Attention Two Months Ahead Of Vote
(Kitco News) – A referendum on Switzerland’s gold reserves is starting to attract some attention outside of the country as a yes vote would have significant implications for the gold market, said one market analyst.
Gold Market Awaits U.S. Jobs Data; Payrolls Growth Expected To Have Picked Up Again
Gold Market Awaits U.S. Jobs Data; Payrolls Growth Expected To Have Picked Up Again
Read moreTuesday’s Forex Analytical Charts
Read moreTuesday’s Analytical Charts for Gold, Silver and Platinum and Palladium
Read moreFortuna Silver Lifts Resources, Reserves At San Jose Mine
Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) increased silver reserves and resources at its wholly owned San Jose mine, located in Oaxaca, Mexico.
Read moreU.S. Consumer Confidence Falls To 86.0 In September
(Kitco News) – U.S. consumer confidence dropped in September after holding near a seven-year high for the last two months, the U.S. Consumer Board said Tuesday.
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