The gold market is seeing some mild pressure to kick off the new trading week as investors take profits and as appetite for risk sees a bit of a surge. Over the weekend, The People’s Bank of China took action that could boost its economy. That measure, combined with a renewed optimism over U.S./China trade […]
The gold market is trading solidly above the key $1500 level as ongoing concerns over global growth and rising geopolitical risks fuel safe haven buying. The ongoing U.S./China trade war and increasing unrest in Hong Kong are at the center of attention as the new week kicks off. Over the weekend, protests again took […]
Stock markets have taken an ugly turn for the worse on Monday as risk aversion takes hold. Increasing worries over the U.S./China trade war, unrest in Hong Kong and concerns over Brexit are all playing a role in a major sell-off that has seen stocks trade lower by over 2 percent in early action. […]
The financial press was referring to this week as the most important week for investors in all of 2019. At the center of it was the US Federal Reserve. Particularly, the interest rate announcement this past Wednesday where the US central bank opted to cut interest rates for the first time since 2008. It might […]
The gold market appears to be treading water in early action Monday as markets get ready for a variety of key data points and news. At the center of attention will be the FOMC meeting taking place Tuesday and Wednesday as well as the non-farm payrolls report due out Friday. In addition, high level talks […]
The gold market is slightly higher in early trade Monday as investors digest recent geopolitical developments and await policy decisions from the U.S. Fed and the ECB. Following recent strength, the yellow metal may be due for a pullback and a little consolidation before attempting a fresh leg higher. Tensions with Iran have continued […]
In a week and a half, the US Federal Reserve is expected to cut interest rates. The question that many (including myself) seem to be hung up on is, why? Relations between the United States and China have been going back and forth between hot and cold for the past year. The initial shock of […]
The gold market is slightly lower in early Monday trade; however, the market remains firmly above the psychologically important $1400 level. Global stocks appeared headed for a flat open as investors get ready for the Q2 earnings season and await some key pieces of economic data. Overnight, data from China showed the weakest GDP growth […]
The next few trading days are likely to see further adjustments following last week’s U.S. non-farm payrolls data. The jobs report showed the U.S. added a very respectable 224,000 jobs in June while the unemployment rate edged up to 3.7 percent. Wage growth remained at 3.1 percent. The solid jobs report sent market expectations […]
The week ahead could potentially see some increasing appetite for risk as President Trump and Chinese Leader Xi Jinping agreed to a truce of sorts on global trade. The news sent stocks sharply higher in early action Monday while gold declined by almost 2 percent. The meetings between the leaders of the globe’s first […]
CAD ($)
USD ($)
