Tag Archives: FOMC

Gold starts the week flat

Gold prices are basically flat in the first morning of trading this week. On Friday gold bugs cheered as price moved to a level not seen since February after the disappointing U.S. non-Farm Payroll results. 

Analysis Gold Trade Ideas

Gold backs off on ECB statement

In the run up to European Central Bank President Mario Draghi’s speech, gold bugs saw the price of gold (GLD, quote) climb as high as $1,716.90. Unfortunately, the price move was dampened in the wake of the actual event.  Yes, the rumors of bond buying was confirmed in a move described as an “outright monetary transaction” plan with the ECB’s reiteration that the euro zone’s recuse funds “should” be used to participate in bond markets.  

Analysis Europe Gold

Emerging markets morning brief

Emerging markets in Asia last night were under pressure after U.S. markets fell on weaker than expected manufacturing data. Commodity prices continue to move lower ahead of the European Central Bank meeting and Non-Farm Payroll report tomorrow and Friday respectively.

Asia China India Market Updates

Binary decision looms for gold bugs

Weak U.S. manufacturing data could be good news for gold bugs, having now officially contracted for the third month in a row and flaring up speculation that the FOMC will initiate another round of quantitative easing (QE3) at the next scheduled meeting.

Dollar Gold Trade Ideas