News
Fiscal risks and stagflation fears will support gold prices even without Fed rate cuts " HSBC
11+ hour, 35+ min ago (261+ words) KITCO Fiscal risks and stagflation fears will support gold prices even without Fed rate cuts " HSBC Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our…...
Gold SWOT: CLSA sees gold regaining $5, 500 per ounce in the medium term
11+ hour, 11+ min ago (394+ words) KITCO Gold SWOT: CLSA sees gold regaining $5, 500 per ounce in the medium term Frank Holmes is CEO and chief investment officer of U. S. Global Investors, Inc. , a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds…...
Canadian dollar hits five-week high as Mideast hopes offset CPI data
8+ hour, 51+ min ago (352+ words) TORONTO, April 20 (Reuters) - The Canadian dollar strengthened to a five-week high against its U. S. "counterpart on Monday as investors remained hopeful of a diplomatic solution to the war in the Middle East and despite domestic data that showed inflation heating up…...
Gold price holds near $4, 800 as Standard Chartered sees near-term risks, longer-term upside
14+ hour, 9+ min ago (239+ words) KITCO Gold price holds near $4, 800 as Standard Chartered sees near-term risks, longer-term upside Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to…...
Inflation woes and firmer dollar drag gold lower as US-Iran tensions revive
15+ hour, 34+ min ago (369+ words) April 20 (Reuters) - Gold prices fell on "Monday owing to a stronger U. S. dollar and renewed inflation fears after another "closure of the Strait of Hormuz pushed oil prices higher. Spot gold was down 0. 8% at $4, 790. 59 per ounce, as of 1103 GMT, after hitting…...
Fed nominee Warsh prepares for monetary policy road test before Senate panel
15+ hour, 39+ min ago (564+ words) WASHINGTON, April 20 (Reuters) - After more than a decade criticizing the U. S. central bank, former Federal Reserve Governor Kevin Warsh faces a mark-to-market moment in a Senate hearing on Tuesday when lawmakers will likely press the Fed chief nominee to flesh out…...
Gold drifts lower with eyes on US-Iran developments
5+ day, 12+ hour ago (347+ words) April 15 (Reuters) - Gold "drifted lower on Wednesday after hitting a one-month peak as investors assessed "the latest signals on the U. S. Iran situation and what they could mean for the interest rate outlook. Spot gold was down 0. 7% at $4, 807. 34 per ounce as…...
Gold firms on softer dollar, hopes of US-Iran talks resuming
5+ day, 19+ hour ago (360+ words) April 14 (Reuters) - Gold prices "gained more than 1% on Tuesday as the U. S. dollar weakened, while "hopes of a resumption in U. S. -Iran talks also supported prices by easing inflation concerns. Spot gold was up 1. 5% at $4, 808. 69 per ounce by 11: 31 a. m. ET (1531 GMT). U. S. gold futures…...
Wall Street futures hold steady with earnings in focus
5+ day, 19+ hour ago (486+ words) April 15 (Reuters) - U. S. "stock index futures were little changed on Wednesday, as investors assessed developments in the Middle East "and a raft of corporate earnings while looking ahead for remarks from Federal Reserve officials. Equities have found support this week on…...
Regional Fed banks may be key front in battle for central bank's independence
5+ day, 14+ hour ago (749+ words) WASHINGTON/SAN FRANCISCO, April 15 (Reuters) - San Francisco Federal Reserve President Mary Daly wasn't elected by popular vote, wasn't chosen by an elected official, didn't compete against a publicly revealed slate of applicants and didn't undergo any public vetting before her…...