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Gold futures prices turned higher and back above $1200 an ounce after falling below the psychological barrier early on Wednesday. U.S. gold for December delivery was up $9.20 to $1207.20 an ounce at 10:20 a.m. EDT. In other precious metals, silver for September delivery was at $18.125 an ounce for a loss of 3.3 cents, […]

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Good Morning, The ongoing decline in the precious metals complex…went on overnight as a stronger dollar and a slightly lower euro coupled with losses in the Nikkei index conspired to keep sellers active and buyers less so. In London trading, the yellow metal fell to a fresh eight-week nadir intensifying its lengthiest losing string of […]

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Good Morning, Chinese economic growth slowed to record ‘only’ a 10.3% pace in Q2 (from a torrid 11.9% rate reported in the corresponding quarter of 2009) as the Beijing government’s efforts to contain things from boiling over appeared to take hold. Meanwhile, inflation in the country rose by 2.9% last month, following a 3.1% reported […]

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Dancing With the (Fund) Stars: Let’s [Con]Tango! Good Morning, Yesterday’s downturn in gold was followed by an overnight bounce of fairly sizeable proportions. Once again the metal’s price gyrations occurred without much of an obvious impact from news-related external factors (aside from the Portugal downgrade story, relayed below). Actually, the rebound also took place in […]

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There’s Got To Be A Morning After… Good Morning, Following one of the scariest market afternoons in recent (and not so recent) memory, global investors tried to get up, dust off, and get on with it as Friday morning dawned across various time zones. Images of the Dow’s chart, which resembled a cross-section of the […]

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