Gold prices fell sharply amid dollar strength following a jobs report showing the US economy created more jobs than expected in January, while signs of wage growth lifted investor expectations for a faster pace of rate hikes.
The World Gold Council published its gold-market outlook for 2018. Will gold continue its January rally or should we expect declines?
Solid Gold’s Performance in 2017
The World Gold Council begins its report with a short summary of 2017. The organization points out that gold performed relatively well, given the fact that the global...
Gold prices fell on Monday in the wake of a sharp move higher in the dollar amid investor expectations that solid economy growth and faster inflation would strengthen the Federal Reserve’s case for a more aggressive approach to monetary policy.
Gold futures for February delivery on the Comex division of the New York...Gold News
Gold prices end week near 17-month peak
Gold prices ended lower on Friday but remained in sight of the previous day’s 17-month peak as the U.S. dollar was pressured by data pointing to slower U.S. economic growth and comments by a senior U.S. official backing a weaker currency.
Gold futures for February delivery...Gold News
While the new year is still very young and a lot can happen before it's over, one widely held fear—that sharp profit-taking would hit markets at the outset of 2018—has not taken place...at least not yet. Rather, investors keep driving toward fresh record highs in as-yet-uncharted market territory.
Indeed, all four major US indices...Gold News
CFTC: Euro Net Longs at All-Time High; S&P 500 Net Longs at 4-Month High
The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending January 2 on Friday.
Speculative positioning in the CME and ICE currency, commodity, energy and index...Gold News
What will next week bring?
Here’s a preview of the top 3 things that could rock markets tomorrow
US Stocks Sidestep Weak Jobs Report to End Week at All-Time Highs
The US jobs market ended 2017 on a sour note after data showed the US economy created just 148,000 jobs in December, below the 190,000 jobs forecasted...Gold News
Gold futures traded near 3-month highs
Gold prices steadied on Wednesday after the dollar rebounded on strong economic data as traders awaited the release of the Federal Reserve’s December meeting minutes.
Gold futures for February delivery on the Comex division of the New York Mercantile Exchange rose by $1.40, or...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.
The year is drawing to a close with extended moves in many major currencies. USD/JPY is trading at the top of its 9-month range and the EUR/USD is about 200 pips from its year to date high, which is a dramatic appreciation from where it started the...