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POPULAR NEWS
Gold Pulls Back From 2-Week High as $1,300 Mark Proves Elusive

Gold futures pulled back on Thursday from the nearly two-week high they settled at a day earlier, as the psychologically important $1,300 line remained elusive for another session. Gold for February delivery edged down by $1.50, or 0.1%, to settle at $1,292.30 an ounce. It settled Wednesday at an almost two-week high of $1,293.80, on the back of political turmoil in the U.K. and U.S. March silver also fell 10.2 cents, or 0.7%, to $15.536 an ounce on Thursday. Source : Marketwatch

Gold slips from 2-week high as $1,300 proves to be a near-term barrier

Gold futures prices slipped from two-week highs on Thursday, as the psychologically important $1,300 line remained elusive for another session. Moderate stock strength kept the precious metal in check, although a weaker dollar propped up gold. Gold settled Wednesday at its highest in nearly two weeks, at $1,293.80, on the back of political turmoil in the U.K. and U.S. Early Thursday, gold for February delivery was off 10 cents, or less than 0.1%, at $1,293.70 an ounce, while March silver...

Gold Holds Drop as Investors Weigh Trade Developments

Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted equities in Asia Friday and Treasury yields overnight. Palladium traded above $1,400 an ounce. Still, overall sentiment is positive for the precious metal. Gold traders and analysts in a weekly Bloomberg survey remained bullish for a 10th week. Peter Grosskopf, chief executive officer of Sprott Inc., said a shift in Federal Reserve policy will stoke investor interest, with the...

Gold Retreats on Stronger Dollar

Gold retreated from the highest close in almost two weeks as the dollar strengthened and investors weighed renewed Brexit turmoil with the latest developments in the partial shutdown of the U.S. government.  Spot gold edged 0.1 percent down to $1,292.72/oz at 8:08am in London; gained 0.3% on Wednesday to the highest close since Jan. 3. Bloomberg Dollar Spot Index strengthened 0.1 percent after added 0.1% on Wednesday and rose 0.3 percent on Tuesday. British Prime...

Gold Holds Drop as Investors Weigh Trade Developments

Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted U.S. equities and Treasury yields overnight. Palladium traded above $1,400 an ounce. Trump administration officials are considering measures to roll back tariffs on Chinese products in order to calm financial markets, the Wall Street Journal reported. While the Treasury denied that reporting, the story reinforced previous signs the administration is more eager for a deal to help support...

Japan’s Topix Rises Fourth Day After Yen Falls on U.S. GDP Data
Wednesday, 24 December 2014 09:58 WIB | MARKET UPDATE |JepangIndeksTopix

Japan’s Topix index rose for a fourth day following a public holiday after the yen fell and the U.S. reported the fastest economic growth in 11 years.

Toyota Motor Corp., which gets 31 percent of its revenue in North America, advanced 1.6 percent. Maruha Nichiro Corp. rose 4.4 percent after the fisheries company doubled its full-year net-income forecast. Tokyo Dome Corp., an operator of a baseball stadium, jumped 8.5 percent after its rating was raised at Mitsubishi UFJ Morgan Stanley Securities Co.

The Topix added 0.9 percent to 1,425.40 as of the break in Tokyo, with all but three of its 33 industry groups rising. The nation’s equity markets were closed yesterday. The Nikkei 225 Stock Average gained 1.1 percent to 17,834.86. The yen added 0.3 percent to 120.37 per dollar today after slumping 3.5 percent over the past five days. U.S. shares rallied to records as faster growth in gross domestic product boosted confidence in the world’s biggest economy.

The Dow Jones Industrial Average rose 0.4 percent to above 18,000 for the first time after data showed the U.S. economy grew at a 5 percent annual rate from July through September, the biggest expansion since the third quarter of 2003. The Standard & Poor’s 500 Index added 0.2 percent.

U.S. household purchases, which account for almost 70 percent of the economy, rose at a 3.2 percent annual pace, compared with a previously reported 2.2 percent.

Source : Bloomberg

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POPULAR NEWS
Gold Pulls Back From 2-Week High as $1,300 Mark Proves Elusive

Gold futures pulled back on Thursday from the nearly two-week high they settled at a day earlier, as the psychologically important $1,300 line remained elusive for another session. Gold for February delivery edged down by $1.50, or 0.1%, to settle at $1,292.30 an ounce. It settled Wednesday at an almost two-week high of $1,293.80, on the back of political turmoil in the U.K. and U.S. March silver also fell 10.2 cents, or 0.7%, to $15.536 an ounce on Thursday. Source : Marketwatch

Gold slips from 2-week high as $1,300 proves to be a near-term barrier

Gold futures prices slipped from two-week highs on Thursday, as the psychologically important $1,300 line remained elusive for another session. Moderate stock strength kept the precious metal in check, although a weaker dollar propped up gold. Gold settled Wednesday at its highest in nearly two weeks, at $1,293.80, on the back of political turmoil in the U.K. and U.S. Early Thursday, gold for February delivery was off 10 cents, or less than 0.1%, at $1,293.70 an ounce, while March silver...

Gold Holds Drop as Investors Weigh Trade Developments

Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted equities in Asia Friday and Treasury yields overnight. Palladium traded above $1,400 an ounce. Still, overall sentiment is positive for the precious metal. Gold traders and analysts in a weekly Bloomberg survey remained bullish for a 10th week. Peter Grosskopf, chief executive officer of Sprott Inc., said a shift in Federal Reserve policy will stoke investor interest, with the...

Gold Retreats on Stronger Dollar

Gold retreated from the highest close in almost two weeks as the dollar strengthened and investors weighed renewed Brexit turmoil with the latest developments in the partial shutdown of the U.S. government.  Spot gold edged 0.1 percent down to $1,292.72/oz at 8:08am in London; gained 0.3% on Wednesday to the highest close since Jan. 3. Bloomberg Dollar Spot Index strengthened 0.1 percent after added 0.1% on Wednesday and rose 0.3 percent on Tuesday. British Prime...

Gold Holds Drop as Investors Weigh Trade Developments

Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted U.S. equities and Treasury yields overnight. Palladium traded above $1,400 an ounce. Trump administration officials are considering measures to roll back tariffs on Chinese products in order to calm financial markets, the Wall Street Journal reported. While the Treasury denied that reporting, the story reinforced previous signs the administration is more eager for a deal to help support...

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