Category: Daily Market Update

26
Oct
2017

Italy’s Banking Sector Still Has Potential to Cause Difficulties

Gold and Silver Bullion – News and Commentary Gold edges up as dollar eases ahead of ECB meeting (Reuters.com) U.S. Stock Indexes Fall With Dollar, Treasuries (Bloomberg.com) Bitcoin splits again, creating a new cryptocurrency called bitcoin gold that then plunged 66% (CNBC.com) Italy’s banking sector still has potential to cause difficulties (RTE.ie) Venezuela fails to reclaim […]

Continue Reading
25
Oct
2017

$1400 per Ounce Gold Gets Investors’ Attention

Gold and Silver Bullion – News and Commentary Gold slips on firmer equities, dollar amid Fed chair speculation (Reuters.com) Investors Are Dumping This Silver ETF at the Fastest Pace Since 2011 (Bloomberg.com) U.S. Stocks on Record Run After Strong Earnings (Bloomberg.com) Bitcoin Retreats as Another Cryptocurrency Offshoot Appears (Bloomberg.com) Noble Group’s Next Battle Will Be Over […]

Continue Reading
24
Oct
2017

Here’s Why Bitcoin Won’t Replace Gold So Easily

Gold and Silver Bullion – News and Commentary Gold recovers from two-week low on softer dollar (Reuters.com) Gold recovers from 2-week lows and rises above $1280 (FXStreet.com) Wall St. retreats from record highs; tech, industrials drag (Reuters.com) U.S. Stocks Drop at Start of Big Week for Earnings (Bloomberg.com) Venezuela allows $1.7 billion gold swap with Deutsche […]

Continue Reading
23
Oct
2017

Eurozone Crisis Is Back

Gold and Silver Bullion – News and Commentary Gold hits over 2-week low as dollar rallies vs yen (CNBC.com) Yen Falls, Japan Stocks Advance on Abe Victory (Bloomberg.com) Abe sweeps to resounding victory in Japan vote (Yahoo.com) Spain urges Catalonia secessionists to obey Madrid (Reuters.com) Barclays Sued by Fund for $850 Million in Metal Market Abuse […]

Continue Reading
20
Oct
2017

S&P 500 Is Now Overvalued On 18 Of 20 Metrics

Gold and Silver Bullion – News and Commentary Gold prices hold firm as dollar sags (Reuters.com) Dollar Gains, Treasuries Fall on U.S. Tax Hopes (Bloomberg.com) Asia-Pacific stocks start lower, edge back into positive territory (MarketWatch.com) Trump leaning toward Powell for Fed chair, officials say (Politico.com) Gold purchases on Moscow Exchange won’t change reserves’ outlook – Russia […]

Continue Reading
19
Oct
2017

Key Charts: Gold is Cheap & US Recession May Be Closer Than Think

Gold and Silver Bullion – News and Commentary Gold prices steady amid firm dollar (Reuters.com) Gold slips as dollar firms on speculation over Fed chief (Reuters.com) More than 4 MILLION are ‘living on the brink of financial meltdown’ (DailyMail.co.uk) Scotiabank mulls sale of gold trading unit (Reuters.com) Bitcoin falls on reminder that CFTC might regulate it […]

Continue Reading
18
Oct
2017

Goldman Sachs Says Gold Is Better Than Bitcoin

Gold and Silver Bullion – News and Commentary Goldman Sachs Says Gold Is Better Than Bitcoin (Bloomberg.com) Gold prices inch up from one-week low (Reuters.com) Dollar Rallies on Fed Outlook as Dow Tops 23,000 (Bloomberg.com) U.S. import prices surge 0.7% in September (MarketWatch.com) Gold options trading begins in India (IndiaTimes.com) Source: Bloomberg via UK.investing.com Buy Platinum […]

Continue Reading
17
Oct
2017

Global Trade Slowdown Is a Reason to Buy Gold – HSBC

Gold and Silver Bullion – News and Commentary Gold prices hold steady amid firm dollar (Reuters.com) Asian Stocks to Gain as Fed Chair Talk Hits Bonds (Bloomberg.com) Oil Leads Commodities Rally as Treasuries Decline (Bloomberg.com) Palladium Tops $1,000 for First Time Since 2001 (Bloomberg.com) U.K. Inflation Climbs to 5 1/2-Year High on Food, Transport (Bloomberg.com) Source: […]

Continue Reading
16
Oct
2017

Gold Tops $1300 As Post-Golden Week Surge Continues

Gold and Silver Bullion – News and Commentary Gold Gets Its Sparkle Back In Time for India’s Diwali (Bloomberg.com) Gold eases amid firm dollar, stronger equities (Reuters.com) Stocks in Asia Advance as U.S. Inflation Slows (Bloomberg.com) Asian shares conquer new peaks, oil up on Iraq tensions (Reuters.com) Nikkei continues to surge, leading Asian market gains (MarketWatch.com) […]

Continue Reading
13
Oct
2017

Bitcoin Breaches New Milestone by Smashing Past $5,000 Mark

Gold and Silver Bullion – News and Commentary Gold rally pauses ahead of U.S. inflation data (Reuters.com) Dollar Snaps Four-Week Rally as Stocks Consolidate (Bloomberg.com) Inflation weighs on yields, dollar; stocks lackluster (Reuters.com) U.S. producer prices increase; weekly jobless claims fall (Reuters.com) Bitcoin Breaches New Milestone by Smashing Past $5,000 Mark (Bloomberg.com) Bitcoins surges to new […]

Continue Reading