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Gold gains on technical buying, weaker greenback
Gold prices are higher in midday U.S. trading Tuesday, with silver prices slightly up. The metals markets got a lift following a U.S. inflation report this morning that came in cooler than expected and in turn, sparked a sell-off in the U.S. dollar index. Gold prices had slipped to a three-week low overnight. October gold futures were last up $11.70 at $1,804.00. December Comex silver was last up $0.049 at $23.845 an ounce. Read More
Gold to remain stuck in neutral as Fed could release taper plans next week - Invesco
The gold market is holding its ground around $1,800 an ounce, and one chief investment strategist is expecting the price to remain range-bound as the Federal Reserve looks to shift its monetary policy and reduce its monthly bond purchases.
In an interview with Kitco News, Kristina Hooper, Kristina Hooper, head of investment strategy at Invesco, said that she expects the Federal Reserve to announce its tapering plans after next week's monetary policy meeting. Read More
Gold pops breaking above $1,800 following a slower than expected inflation forecast
As of 4:25 PM EDT gold futures basis, the most active December 2021 Comex contract is currently up $12.70 and fixed at $1807.10. Today’s moderate price advance taking gold above $1800 per ounce is a direct result of a government report indicating that the CPI (Consumer Price Index) showed that inflationary pressures contracted fractionally in August. Read More
Investors are better off holding cash and gold this 'cruel' September, says CNBC's Jim Cramer
Trying to pick out stock winners could be a losing game for investors this September, said CNBC's Jim Cramer, telling traders to hold some cash and gold instead.
The U.S. stock market can be a dangerous place as the third quarter comes to an end, warned the 'Mad Money' host.
"I have said over and over again to you that September is the cruelest month, and it's playing out that way once again, with rolling corrections all over the place, something that is, again, typically a precursor to the seasonal decline that begins in just a couple of days," Cramer said. Read More
The miner that beat Shopify in TSX's list of top gainers
Miners make up 14 out of the 30 companies in the Toronto Stock Exchange's list of top-performing companies.
Tuesday, the Toronto Stock Exchange announced the 2021 TSX30™, the exchange's flagship program showcasing the 30 top-performing stocks over a three-year period, based on dividend-adjusted share price performance.
Top of the list was Aura Minerals, which has a three-year performance of 1,125%. The second is Shopify at 846%. Aura is a mid-tier gold and copper production company focused on gold and base metal projects in the Americas. Shopify is an e-commerce company. Read More
Gold and silver trade marginally lower heading into the European open
Gold is flat and silver is marginally lower heading into the European open this morning. The yellow metal recovered from the low of $1780.90/oz seen on Tuesday and has now just retaken the $1800/oz psychological level once again. Both copper (0.44%) and spot WTI (0.29%) are trading well as general commodities sentiment improved. Read More
Gold and Siver digitized on the blockchain.
Kinesis is a revolutionary monetary system operating on the blockchain, based 1:1 on allocated gold and silver, providing users with a stable store of value. One that rewards you every month, allowing you to send, spend and trade in digital gold and silver. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
