Market News

Gold riding high as recession-like misery in Texas pressures the Fed

Market News | January 25, 2016

The biggest economic report for Monday delivered a Texas-size shock and helped gold prices trade near 12-week highs above $1,100. Falling oil prices continue to pressure U.S. stocks, and declining equities in turn bolstered gold. The painful effect of collapsing oil prices on the overall economy is felt perhaps nowhere as acutely as in Texas, […]

Gold a buy and the dollar is wildly overowned, says Barrons Roundtable expert

Gold | January 20, 2016

The architect of the quantitative-easing and zero-interest-rate policies that helped send gold to all-time nominal highs in 2011 is now all but calling a top in the U.S. dollar, the primary strength of which has been a major headwind for the yellow metal in recent years. Much of the appreciation in the dollar may have […]

Gold glides, stocks slide as Citigroup declares safe-haven rationale is back in vogue

Gold | January 20, 2016

Gold ripped higher Wednesday to hit two-week highs as falling oil prices sent Asian markets and then U.S. equities into a fresh tailspin. Given the growing global turmoil, Citigroup has now substantially raised its forecast for bullion prices this year. Having bounced higher off the 50-day moving-average 3 days ago, gold has surged back above […]

Oil glut risks lighting fuse of next recession or fresh financial crisis

Investment | January 19, 2016

Sagging oil prices have sent shock waves through the financial markets in the past several months, and now news that Iran is about to start pumping crude back into the global system has upped the ante on those fears. The lifting of international sanctions against Tehran over the weekend means that oil prices which already […]

IMF slashes growth forecast as Chinas slowing GDP juggernaut hits 25-year lows

Investment | January 19, 2016

If you needed any more proof that the world economy is slowing, then look to the latest growth report on the worlds second-largest economy, China. The International Monetary Fund already has, and its cutting its global GDP outlook for the third time in a year. Chinas GDP for 2015 came in at 6.9% for the […]