US DOLLAR TECHNICAL ANALYSIS Prices issued its largest advance in a month but prices failed to overcome range resistance to secure a breakout. Near-term resistance is in the 11854-76 area (14...
Gold will come under further pressure over the course of the year as the Federal Reserve moves closer to lifting rates, but prospects for the precious metal looks far more promising in the next few years, according to Bank of America Merrill Lynch...
On Thursday gold remained in a positive territory, as markets estimated a series of U.S. data on initial jobless claims, consumer price inflation and durable goods orders...
On Thursday copper prices rose to a six-week highs, as China market returned to business following a week-long holiday due to the Lunar New Year. The Asian nation is the world’s largest copper consumer, accounting for almost 40% of world consumption last year...
From the right and left (hawk and dove) came these rhetorical statements/questions: Senator Richard Shelby of Alabama, Chairman of the Banking Committee said, “Many question whether the Fed can rein in inflation and avoid destabilizing asset prices when the time comes to unwind its massive $4...
US DOLLAR TECHNICAL ANALYSIS Prices are struggling to find follow-through after falling as expected having formed a bearish Evening Star candle pattern. Near-term support is at 11740, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23...
On Wednesday gold prices edged higher during European trading hours, as China's New Year celebrations finished and as uncertainty over US interest rate rises weighed on the dollar...
Gold traded near a seven-week low as the dollar strengthened and Greece’s creditors reviewed a list of debt-reduction policies...
Copper prices dipped on Tuesday, as fears over Greece kept investors cautious, while markets looked ahead to congressional testimony by Federal Reserve Chair Janet Yellen later in the day...
China's non-ferrous metal sector is seen set to continue its decline in 2015, as a slowing economy has undermined demand while excess production capacity has contained the sector's development...
US DOLLAR TECHNICAL ANALYSIS Prices look to have reversed downward as expected after putting in a bearish Evening Star candlestick pattern. A daily close below the 14.6% Fibonacci retracementat 11740 exposes the 23.6% level at 11653...
#10: India The world's second most populous country barely made the top 10 list. It's interesting that although India consumes more gold than any other, it only has 8.7% of its reserves dedicated to it. India's gold reserves are worth approximately $33 billion. Tonnes: 557.7 % of reserves: 8...
We are still waiting to see how the timing relationships we mentioned earlier this week are going to play out. The euro is starting to show signs of stalling out while Cable remains pretty bid...
On Thursday copper prices declined in holiday-thinned trade, while market players continued to monitor ongoing negotiations surrounding Greece's bailout program...
Gold prices on Comex extended recovery in the late-trade Asian session, rebounding from fresh six week lows overnight after January's FOMC minutes revealed that the consensus among Fed policymakers remains tilted toward a lower-for-longer rate trajectory...
Hopes that a compromise between Greece and its European partners would eventually be reached dampened appetite for safe-haven assets sending gold to six-week lows on Wednesday...
Despite a steady, two-year slide in gold prices, generally miserable market conditions for the mining sector as a whole and a strengthening U.S. dollar - which is typically negative for gold prices - Chuck Jeannes, Goldcorp Inc. CEO, is being bullish on gold...
Gold traded lower on Tuesday, despite the Empire State report showing that the New York Federal Reserve’s index of manufacturing conditions improved at a weaker rate than expected in February...
Gold prices slid after struggling to extend gains during the Asian session despite Greek impasse and weakness in the European stocks...
As the uncertainty surrounding the outcome of the Eurogroup meeting grows, gold is struggling to extend gains...
