inflation

Good Day, Today’s market news and analysis roundup begins with the -by now- ‘normal’ observance of yet another price record having been achieved by gold. During the hours preceding the New York session’s opening, spot gold touched the $1150 level (plus 30 cents) as the US dollar broke under the 75 mark on the trade [...]

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Of Quads and a Moscow Hold’em Good Day, Overnight trading markets gave early indications that the first day of the new week might present a fresh record for gold prices (while also making life interesting in the oil trading pits), and that the US dollar would likely return to the pivot points it first visited [...]

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Class Is Now In Session Good Day, Speculation early this morning was that U.S. employers likely have cut only 150,000 jobs in the month of October, a figure which would be the lowest in more than a year. The worst labor-market slump since the 1930s is now seen as possibly bottoming out, and the possibility [...]

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New York gold futures reached a fresh all-time high on Wednesday after the Federal Reserve kept interest rates and its monetary policy unchanged, which helped push the US dollar lower and made the yellow metal more attractive. Silver and platinum followed along, as did crude oil. For a second straight day, US stocks closed mixed. [...]

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A Turkey for Turkey, The UK Lays an Economic Egg, and Russia Sells…Gold?! Good Day, Gold prices continued to remain ‘in the zone’ (the $1040-$1070 zone, that is) overnight, with little in the way of fresh market-impactful news making their way into the media stream. The US dollar remained at or very near the 1.50 [...]

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