Wall Street and Main Street alike look for gold to continue the recent bounce this week.
Thirteen market professionals took part in the Wall Street survey. Ten, or 77%, called for gold to rise. There were no votes saying gold would fall, with three voters, or 23%, neutral or calling for a sideways market.
Meanwhile, 820 votes were cast in an online Main Street poll. A total of 475 voters, or 58%, looked for gold to rise...
Oil jumped as rising tension in the Middle East and North Africa halted output and exports from key OPEC producers Iraq and Libya.
Futures in New York and London rose more than 1.5%. Iraq temporarily stopped output at an oil field on Sunday and supply from a second site is at risk as widespread unrest escalates in OPEC™s second-biggest producer. In Libya, National Oil Corp. declared force majeure after Commander Khalifa Haftar blocked exports at ports under his...
Gold prices rose to their highest in more than a week on Monday, after a missile attack in Yemen over the weekend fanned geopolitical concerns and boosted the metal™s safe-haven appeal, while buying ahead of the Chinese New Year also lent support.
Spot gold was up 0.3% at $1,560.89 per ounce by 0726 GMT, after touching its highest since Jan. 10 at $1,562.51 earlier in the session. U.S. gold futures were flat at $1,560.50.
œChinese New Year is in front of us and some buying has emerged...
Tokyo stocks opened higher on Monday, with investor sentiment buoyed by fresh record-setting advances on Wall Street.
The benchmark Nikkei 225 index gained 0.19 percent or 46.64 points to 24,087.90 in early trade while the broader Topix index was up 0.35 percent or 6.05 points at 1,741.49.
The dollar began the week on a firm note on Monday as economic data pointed to strength right across the U.S. economy, reducing the likelihood of interest rate cuts.
The greenback held steady near a one-week high against the euro, at $1.1096, and just below an eight-month peak on the Japanese yen, at 110.19 yen per dollar.
The pound edged lower on Monday to $1.3002, its weakest in a week. Against a basket of currencies, the greenback was steady at 97.620, a whisker below a three-week high...