The equity markets are closed today; however, the futures markets are open. Equity futures are higher which would have led to the seventh day in a row of gains. Just three weeks ago, equities looked like they were going to collapse. Now they look like they may never go down again. Will the œrip your face off rally continue or will Darth Vader return?
Gold has followed a very similar pattern as equities: making lows and then rallying. Gold has reached the peak of its move and is now...
Gold futures fell modestly Monday, giving up part of last week™s gain, as a steadier dollar weighed on the metal, and as the Presidents Day holiday in the U.S. gave many traders the session off.
April gold lost $5.40, or 0.4%, to $1,350.80 an ounce in electronic trading, while March silver shed a nickel, or 0.3%, to $16.66 an ounce.
The drop came as the dollar was steady to slightly higher against major rivals.
A weaker buck can boost commodities priced in dollars, because it makes them...
Minutes of the monetary policy meeting of the Reserve Bank of Australia board were released, and as widely expected, this was a non-market event considering how much has already been said from various officials over the last couple of week's and since the previous RBA meeting.
Key statements as follows:
Low rates helping reduce unemployment, lift inflation.
Further progress on inflation likely to be only gradual.
RBA repeats rising a$ would impede pick up in economic growth, inflation.
Gold prices finished sharply lower on Tuesday, marking the sharpest daily decline in more than a year, against a backdrop of rising gold and stabilizing equities.
April gold ended off $25.10, or 1.9%, at $1,331.20 an ounce, representing its steepest single-session pullback since a $33.90 drop, or 2.9%, on Dec. 15. 2016, FactSet data show. The tumble for precious metals comes as many Asian investors, big buyers in the commodity, continue to observe Lunar New Year. weighing on buying...
Asian shares started Monday higher as confidence in equities continued to return, with some markets in the region reopening after the Lunar New Year holiday.
South Korea™s Kospi was up 1.2%, Singapore™s benchmark gained 0.5% and Japan™s Nikkei Stock Average rose 1.1%, helped by some yen softening after last week™s sharp rises. Shares in Australia also rose while stocks in New Zealand underperformed.
Markets in China, Hong Kong and Taiwan remain closed for the holiday. U.S. markets...