Risk to stocks in Q3: Equities could lose $200 billion as wealth funds re-balance portfolios – JPMorgan
(Kitco News) – Up to $200 billion could flow out of equities in the third quarter as wealth funds rebalance their portfolios, according to JPMorgan Chase & Co.
Gold price is flashing a ‘very good sign’ — Peter Hug
(Kitco News) – Yesterday, the Federal Reserve announced they were keeping interest rates at current levels through 2023 as they look for economic growth to pick up. The Fed Chairman Jerome Powell gave a press conference regarding the central bank’s dec…
Read moreGold, silver down despite equities markets selling off
(Kitco News) – Safe-haven gold and silver prices are solidly lower at midday Thursday despite eroding trader/investor risk appetite and global stock markets that were weaker today.
Read more‘The very high bar set for rate hikes’ points to higher gold price: Commerzbank
(Kitco News) – Gold prices will be going up, especially in light of the high bar set by the Federal Reserve to hike rates, according to Commerzbank.
Read moreMinority expecting ‘powerful dovish tilt’ were disappointed by the Fed, pushing gold price down: TD Securities
(Kitco News) – Even though the Federal Reserve’s message on Wednesday matched up with market expectations, minority “that expected a more powerful dovish tilt were left disappointed,” say commodity strategists at TD Securities.
Read morePhiladelphia Fed Manufacturing Index drops as expected, gold price remains under pressure
(Kitco News) – Gold is under pressure Thursday morning after the index for current general activity in the Philadelphia Federal Reserve’s manufacturing business outlook survey dropped to 15.0 in September.
Read moreGold price is down more than 1% on the day as U.S. weekly jobless claims total 860,000
(Kitco News) – The initial weekly jobless claims dropped by 33,000 to 860,000 in the week to Saturday, slightly disappointing market expectations.
Read moreBitcoin daily chart alert – Fledgling uptrend now in place – Sep. 17
(Kitco News) – Bitcoin-U.S. dollar prices are weaker early Thursday, on a normal downside correction after hitting a two-week high Wednesday. Bulls have stabilized prices and are now working on a price uptrend on the daily chart.
Read moreGold, silver see price pressure as stock markets sell off
(Kitco News) – Safe-haven gold and silver prices are seeing selling pressure Thursday morning despite degraded trader/investor risk appetite and global stock markets that are weaker today.
Read moreGold prices to average above $2,000, Silver to average above $30 through 2024
(Kitco News) – The bank also sees further weakness in the U.S. dollar as another important factor to support gold and silver prices.
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