Category: Gold

Financial Market Preview for January 12 -16

The last NFP payroll report didn’t cause too many waves in the markets as it showed a 252K gain in jobs in December – inline with market expectations. Moreover, the recent minutes of the FOMC meeting also didn’t stir up…

Gold and Silver Outlook for January 5-9

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The prices of gold and silver took another tumble to end the year on a negative note. This week will the first full working week of 2015 that is likely to see a rise in volatility. This week the main…

Financial Market Preview for January 5-9

The first full week of 2015 is upon us and the markets are likely to heat up from their holiday slumber. The main news headlines from the U.S. including minutes of the recent FOMC meeting and the NF payroll report.…

Barrick Gold updates on Its Pascua-Lama Project

Barrick Gold (ABX) recently announced that the Supreme Court of Chile didn’t approve its appeal of a lower court ruling vis-à-vis sanctions imposed on the company’s Pascua-Lama mine by the country’s environmental regulator. This news could set back the development…

Financial Market Preview for December 30-January 2

The last week of the year is likely to be another slow paced one in the financial markets. In the U.S. there are a few reports that will be released including: manufacturing PMI, pending home sales, consumer confidence, and unemployment…

Low inflation and higher growth keeps down GLD

The gold market continued to show a high level of volatility in the past several weeks. Nonetheless, SPDR Gold Trust (GLD) is nearly flat for December and only 1.2% during 2014. But the ongoing low inflation and signs of recovery…