by agm | Mar 27, 2012 | news
On Monday, Federal Reserve Chairman Ben Bernanke delivered a speech at the National Association for Business Economics spring conference in Virginia that ignited financial markets. Bernanke noted some positive signs in the job market but remained cautious about the...
by agm | Mar 26, 2012 | news
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said the Federal Reserve will probably signal it plans to arrange a third round of debt purchases when policy makers meet in April. While Fed officials upgraded the outlook for...
by agm | Mar 18, 2012 | news
The fall in gold prices has prompted one or more central banks to buy as much as four tonnes of bullion in recent weeks, according to an industry source and a Financial Times report on Friday. The purchases, worth about $250 million at current prices, were made...
by agm | Mar 14, 2012 | news
Gold rose to $1,700 last week and is holding that level in a very tight trading range. The last few weeks have seen a larger consolidation pattern forming, pointing to a much bigger consolidating pattern that implies far more than just a short-term trading move just...
by agm | Mar 13, 2012 | news
The Fed’s policy statement, released after a closed-door meeting, said the economic conditions have been expanding moderately. Although the unemployment rate has declined notably, it remains elevated. While the central bank is no longer worried about business fixed...
by agm | Mar 12, 2012 | news
Silver prices are outpacing gold this year, prompting cautious investors to wonder how to play the market while guarding against the white metal’s well-worn path of volatility. Silver futures SIK2 -1.58% are up 20% year to date, closing at $33.83 an ounce on Thursday...
by agm | Mar 9, 2012 | news
Since the beginning of this year, I’ve been warning investors that gold won’t take off on a sustained rally until we get two things: 1) Normalcy in the markets — no more scary headlines warning of impending economic doom. These days, when investors think the...
by agm | Mar 7, 2012 | news
Worries that Greece may not secure a deal with private creditors to cut its debt by the Thursday deadline spurred selling in shares, but pressure from the equity market was offset by a bounce in the euro and physical gold off take. Spot gold added $2.92 to $1,676.86...
by agm | Mar 2, 2012 | news
Gold prices could rebound again next week as the underlying fundamentals of the longer-term outlook have not changed, but market watchers said the yellow metal needs to hold important technical chart price levels to resume rising in the short-term. Prices were lower...
by agm | Feb 29, 2012 | news
Gold futures slumped on Wednesday, dropping as much as $80 an ounce as comments from Federal Reserve Chairman Ben Bernanke fueled strength in the dollar, and as upbeat U.S. economic data dulled safe-haven demand for the metal. Metals investors also digested news that...
