Market News

Gold can take out $1,350 this year, says Capital Economics

Gold | April 19, 2016
Even before Tuesdays robust performance in the precious-metals sector, several respected analysts continued to argue that gold has further room to run higher. Bloomberg published an April 18 article titled Golds best forecasters see rally resuming on rates caution, in which top analysts from Capital Economics and Cantor Fitzgerald submitted their opinions on the yellow…

Silver surges to 10-month high as China launches landmark gold-pricing fix

Investment | April 19, 2016
Gold and silver continued their two-pronged attack Tuesday after an unexpected plunge in new-home starts and permits cast a fresh cloud over the U.S. economy. Also boosting gold was news that Chinas Shanghai Gold Exchange has officially launched its yuan-denominated gold-price fixing. The move is seen as a major Chinese step to exercise more control…

Silver bullishness hits record highs while gold optimism up to 2012 levels

Gold | April 18, 2016
Gold stayed relatively rangebound Monday, getting an early bounce from failed oil-freeze talks in Doha but later yielding those gains as stocks rose, led by the Dow Jones average breaking 18,000 for the first time since July 2015. The metal also found some safe-haven buying from uncertainty over big earthquakes in Japan and Ecuador. Gold…

Dollar threat – Saudi Arabia to dump 750 billion in US assets over 9-11 bill

Investment | April 18, 2016
If the U.S. needed a reminder about one of its greatest Achilles heels on the geopolitical front, Saudi Arabia has given it one: The oil-rich kingdom is threatening to dump up to $750 billion worth of U.S. assets, mainly Treasury bonds, if Congress passes a bill removing the sovereign immunity in U.S. courts enjoyed by…

Unscheduled Fed meetings raise eyebrows as regulators warn JPMorgan threatens U.S. financial stability

Investment | April 15, 2016
Whats the Federal Reserve been up to lately? Well, for one, the notably secretive central bank has held several unscheduled closed meetings of its top policymakers in the past two weeks. The Fed announced these meetings on its Web site under expedited procedures. The topics the bankers discussed purportedly included a bank supervisory matter (April…