Upcoming influencers for gold pricing Market participants and investors will focus on two primary factors which could have a profound impact on market sentiment. The two factors are the upcoming FOMC meeting scheduled to begin next week, and the Treasury Department’s report that this year’s budget deficit is nearly triple when compared to last year. […]
AM-PM Roundup Gold, silver firmer amid weaker greenback Gold and silver prices are modestly up in midday U.S. trading Thursday, supported in part by a weaker U.S. dollar index on this day and by the overall bullish chart postures for both metals. Prices are well their daily highs, however. October gold futures were last up […]
A scenario to end gold's bull run looks increasingly unlikely – Invesco The gold market, as it continues to hold critical support, above $1,900 an ounce, is in no danger seeing its current uptrend ending anytime so according to one investment firm. In a commentary published last week, Talley Léger, Investment Strategist at Invesco, said […]
Dollar strength and U.S. equities under pressure are supportive of gold and silver Considering today’s extremely strong U.S. dollar, coupled with a major decline in U.S. equities, the fact that both gold and silver are trading higher on the day is extremely impressive. Currently the dollar is up just over 0.75%, which is a net […]
All eyes on the ECB and potential currency devaluation rate All eyes will now be watching the European Central Bank to see if they will do anything to push inflation pressures higher. Although new stimulus measures from the ECB would boost the U.S. dollar and, in turn, drive gold prices down, analysts have said that […]
Why juniors could trade higher, and what could hold them back With all the money raised, juniors should have the means to post lots of drill results this fall, said James Kwantes, editor of Resources Opportunities. Kwantes was joined by special correspondent Paul Harris; editor Neils Christensen; and mining audiences manager, Michael McCrae, to record […]
MIT professor – this new battery could change the world, these metals needed In order to transition towards a fully renewable energy-based economy, the problem of intermittency in non-fossil fuel electricity generation first needs to be solved, said Donald Sadoway, professor of materials chemistry at MIT. “I wanted something that was versatile and could go […]
Global stocks falter as tech stays weak, dollar dips after three-day run NEW YORK (Reuters) – A gauge of global stocks fell for a second straight day on Friday and marked its biggest weekly percentage drop in nearly three months, while the dollar ran out of steam, ending a three-day run higher, after a U.S. […]
U.S equities move strongly lower, after hitting new record highs yesterday After hitting new all-time record highs in both the NASDAQ composite and S&P 500, profit-taking and selling pressure today took all three major indexes dramatically lower. The largest drawdown today occurred in the indices that has performed the best of all three major indexes, […]
There’s almost too much money in gold sector now; is a price collapse next? The junior mining sector has seen record capital inflows in capital, but one mining executive warns of the risk of intense, sudden interest in the space. “The amount of money being raised and the consistent pattern of upsize in capital raises […]